Deutsche Telekom Q1 Profit Down; Backs FY26 Adj. EPS View, Lifts Adj. EBITDA AL Outlook

Deutsche Telekom reported weak first-quarter profit despite slightly higher revenue, indicating pressure on near-term earnings quality. The company kept its fiscal 2026 adjusted EPS outlook unchanged but raised its adjusted EBITDA AL guidance, which partially offsets the profit miss.

Analysis

Deutsche Telekom reported weak first-quarter profit despite slightly higher revenue, indicating pressure on near-term earnings quality. The company kept its fiscal 2026 adjusted EPS outlook unchanged but raised its adjusted EBITDA AL guidance, which partially offsets the profit miss.