Deutsche Telekom stock raises 2026 outlook after Q3 growth
Published on 11/11/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth supports higher shareholder returns
- Third-quarter organic revenue growth accelerated across Deutsche Telekom's main operating regions.
- Management lifted its 2026 adjusted EBITDA AL and free cash flow AL guidance.
- The proposed dividend increase and planned 2027 buyback strengthen the shareholder-return case.
Deutsche Telekom reported stronger growth in the third quarter on Thursday, November 5, 2026, and raised its 2026 financial outlook. In its third-quarter results release, the company said organic revenue rose 5.5 percent year on year to 31.1 billion euros.
Quarterly growth broadens
Organic service revenue increased 4.1 percent to 26.0 billion euros, while adjusted EBITDA after leases rose 8.0 percent to 12.2 billion euros. Adjusted net profit grew 12.7 percent to 3.0 billion euros, and free cash flow after leases edged up 1.4 percent to 5.7 billion euros.
The reported figures were stronger than the organic rates because currency movements and changes in the Group's composition also affected the comparison. Reported revenue increased 7.5 percent, reported adjusted EBITDA after leases gained 9.9 percent, and adjusted earnings per share rose 14.3 percent to 0.63 euros.
Germany revenue grew 3.9 percent to 6.6 billion euros, while adjusted EBITDA after leases increased 1.5 percent to 2.8 billion euros. The domestic business added 11,000 broadband customers, compared with a decline of 25,000 in the year-earlier quarter, and recorded 190,000 new pure-fiber connections.
The United States remained the largest growth driver. Service revenue at T-Mobile US rose 6.3 percent to 19.4 billion US dollars, and adjusted EBITDA after leases increased 11.4 percent to 9.4 billion US dollars. The business added 274,000 postpaid accounts, taking the total to nearly 35 million.
Guidance and payouts move higher
Deutsche Telekom now expects adjusted EBITDA after leases of 47.6 billion euros in 2026, up from 47.5 billion euros previously. The free cash flow after leases target increased to 20.1 billion euros from 20.0 billion euros, while recurring adjusted earnings per share guidance remained at 2.20 euros.
The Board of Management plans to propose a dividend of 1.10 euros per share for 2026, representing a 10 percent increase against the 2025 financial year. Deutsche Telekom also plans to repurchase up to 2 billion euros of its shares in 2027. The proposal gives investors a clearer view of potential capital returns, although the payout remains subject to the relevant corporate approvals.
Deutsche Telekom stock traded at 25.99 euros on Lang & Schwarz at 10:59 CET on Wednesday, November 11, 0.27 percent above the Xetra close of Tuesday, November 10. The quote indicates a limited move as investors weigh stronger operating momentum against the outlook for capital allocation, network investment and T-Mobile US performance.
Deutsche Telekom stock at a glance
- Company: Deutsche Telekom AG
- ISIN: DE0005557508
- WKN: 555750
- Xetra ticker: DTE
- Lang & Schwarz quote: 25.99 euros, Wednesday, November 11, 2026, 10:59 CET
- Change versus Xetra close: 0.27 percent above 25.92 euros on Tuesday, November 10, 2026
European telecommunications shares remain sensitive to interest rates, competitive pricing and the pace of network investment. Investors can follow the latest DAX market reports for the broader German equity-market setting.
Further developments will depend on the final approval of the proposed dividend and buyback, fourth-quarter execution and T-Mobile US's delivery against its targets. See More news and analyses on Deutsche Telekom stock.
