T-Mobile stock fell despite Q2 earnings beat. Management rejected an expanded Starlink partnership, saying it would not create value.

When AT&T reports earnings on Wednesday, analysts will look for management commentary on Elon Musk's Starlink. AT&T stock is down about 12% in 2026.

T-Mobile (TMUS) stock slipped premarket despite topping Q2 EPS estimates with $2.99 per share. Revenue missed expectations at $22.79B.