Deutsche Telekom Q1 revenue rises 4.7% organically on fiber growth

Deutsche Telekom AG

13/05/2026 06:14

Overview

Germany-based telecom operator's Q1 revenue grew 4.7% organically to EUR 29.9 bln

Adjusted EBITDA AL rose 7.5% organically to EUR 11.5 bln, adjusted net profit up 6.5%

Company raised 2026 guidance for adjusted EBITDA AL and free cash flow AL

Outlook

Deutsche Telekom raises 2026 adjusted EBITDA AL guidance to around 47.5 bln euros

Company lifts 2026 free cash flow AL outlook to more than 19.8 bln euros

Guidance for adjusted EPS in 2026 remains at around 2.20 euros

Result Drivers

GERMANY FIBER GROWTH - Co said steady increase in fiber-optic use and higher FTTH contract penetration supported segment growth

US POSTPAID ACCOUNT GAINS - T-Mobile US saw continued growth in postpaid accounts, supporting revenue and profit increases

EUROPEAN CUSTOMER BASE EXPANSION - Customer growth in European operations contributed to segment revenue and profit growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 29.90 bln
Q1 Adjusted EBITDA
EUR 11.50 bln
Q1 Free Cash Flow
EUR 5.70 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Deutsche Telekom AG is €38.00, about 37.6% above its May 12 closing price of €27.62

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)