Deutsche Telekom stock weighs higher targets and shareholder returns

Published on 11/12/2026 at 18:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Telekom stock remains supported by stronger third-quarter growth and higher 2026 targets. Management also plans a higher dividend and buyback.

Growth and shareholder returns advance

Deutsche Telekom raised its 2026 adjusted EBITDA AL and free cash flow AL targets after stronger third-quarter growth.
Management plans a higher dividend and a share buyback of up to 2 billion euros in 2027.
Germany's fiber additions and continued US growth support the operating outlook, while execution risks remain.

Telekom, DE0005557508, Illustration mit AI erstellt.

Deutsche Telekom's third-quarter performance and upgraded 2026 targets remain the central focus for investors after the company released its results on November 5. In its third-quarter release, the group reported organic revenue growth of 5.5 percent and organic adjusted EBITDA AL growth of 8.0 percent.

Deutsche Telekom stock traded at 26.48 euros on Lang & Schwarz at 18:10 CET on Thursday, November 12, 1.11 percent above the Xetra close of 26.19 euros on Wednesday, November 11.

Targets edge higher on US momentum

Revenue reached 31.1 billion euros in the quarter, while adjusted EBITDA AL came to 12.2 billion euros. Adjusted net profit increased 12.7 percent to 3.0 billion euros, and free cash flow AL rose 1.4 percent to 5.7 billion euros.

The company now expects adjusted EBITDA AL of about 47.6 billion euros in 2026, compared with about 47.5 billion euros previously. The free cash flow AL forecast increased to about 20.1 billion euros from about 20.0 billion euros, while recurring adjusted earnings per share remain guided at 2.20 euros. Deutsche Telekom linked the higher expectations to stronger prospects at T-Mobile US.

Fiber and shareholder returns support the case

Germany generated third-quarter revenue growth of 3.9 percent, with adjusted EBITDA AL up 1.5 percent. The group added 11,000 broadband customers and recorded 190,000 new pure fiber customers, a quarterly record. In the United States, service revenue increased 6.3 percent to 19.4 billion US dollars, while adjusted EBITDA AL rose 11.4 percent to 9.4 billion US dollars.

Management plans to raise the dividend to 1.10 euros per share for the 2026 financial year and to repurchase shares worth up to 2 billion euros in 2027. The proposals remain subject to the applicable corporate approvals. For investors, the modest guidance increases keep execution, currency movements, competition and regulation relevant alongside the group's growth momentum.