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U.S. Telecom Services and Carriers Industry Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies57
  • 7D2.8%
  • 3M-2.5%
  • 1Y-2.4%
  • YTD-22.6%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.8%, driven by gains from Space Exploration Technologies of 2.4%. Meanwhile, Lumen Technologies actually underperformed within the industry, shrinking 10% in the last week. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 50% annually.

Industry Valuation and Performance

Has the U.S. Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026US$1.9tUS$430.4bUS$35.8b20.1x53.8x4.5x
Sun, 05 Jul 2026US$2.6tUS$426.5bUS$41.4b17.9x63.1x6.1x
Tue, 02 Jun 2026US$540.7bUS$410.3bUS$51.3b14.2x10.5x1.3x
Thu, 30 Apr 2026US$535.4bUS$410.0bUS$49.7b12.6x10.8x1.3x
Sat, 28 Mar 2026US$577.3bUS$406.4bUS$51.3b13.4x11.3x1.4x
Mon, 23 Feb 2026US$572.2bUS$406.4bUS$50.8b9.7x11.3x1.4x
Wed, 21 Jan 2026US$508.8bUS$410.1bUS$61.1b9.7x8.3x1.2x
Fri, 19 Dec 2025US$399.9bUS$284.0bUS$38.4b9.1x10.4x1.4x
Sun, 16 Nov 2025US$413.1bUS$287.7bUS$38.2b9.1x10.8x1.4x
Tue, 14 Oct 2025US$420.4bUS$286.4bUS$25.5b13.9x16.5x1.5x
Thu, 11 Sep 2025US$444.5bUS$286.4bUS$25.5b15x17.4x1.6x
Sat, 09 Aug 2025US$431.3bUS$286.4bUS$25.5b15.8x16.9x1.5x
Mon, 07 Jul 2025US$435.8bUS$282.4bUS$27.5b17.9x15.8x1.5x
Wed, 04 Jun 2025US$424.7bUS$282.3bUS$27.5b17.1x15.4x1.5x
Fri, 02 May 2025US$425.4bUS$283.2bUS$29.3b13.8x14.5x1.5x
Sun, 30 Mar 2025US$433.2bUS$281.7bUS$28.1b13.9x15.4x1.5x
Tue, 25 Feb 2025US$413.7bUS$281.3bUS$28.5b13.6x14.5x1.5x
Thu, 23 Jan 2025US$368.4bUS$283.7bUS$13.1b18.1x28x1.3x
Sat, 21 Dec 2024US$373.1bUS$284.8bUS$12.9b18.8x28.9x1.3x
Mon, 18 Nov 2024US$378.1bUS$281.4bUS$13.3b18.9x28.5x1.3x
Wed, 16 Oct 2024US$378.5bUS$281.4bUS$21.2b18.3x17.8x1.3x
Fri, 13 Sep 2024US$377.5bUS$281.4bUS$21.2b18.7x17.8x1.3x
Sun, 11 Aug 2024US$346.3bUS$281.3bUS$21.2b20.9x16.3x1.2x
Tue, 09 Jul 2024US$339.5bUS$281.1bUS$22.7b23.2x15x1.2x
Thu, 06 Jun 2024US$337.2bUS$281.1bUS$22.7b26.7x14.9x1.2x
Sat, 04 May 2024US$312.9bUS$281.5bUS$22.7b26.8x13.8x1.1x
Mon, 01 Apr 2024US$331.4bUS$281.7bUS$22.5b28.1x14.7x1.2x
Wed, 28 Feb 2024US$316.9bUS$283.7bUS$20.7b23.4x15.3x1.1x
Fri, 26 Jan 2024US$331.0bUS$300.5bUS$8.4b14.3x39.6x1.1x
Sun, 24 Dec 2023US$315.5bUS$300.0b-US$7,362,413,411.0012.9x-42.9x1.1x
Tue, 21 Nov 2023US$301.8bUS$300.0b-US$7,363,750,550.0010.1x-41x1x
Thu, 19 Oct 2023US$268.4bUS$301.0b-US$2,071,376,224.007.8x-129.6x0.9x
Sat, 16 Sep 2023US$283.6bUS$301.1b-US$2,062,125,917.009.5x-137.5x0.9x
Mon, 14 Aug 2023US$283.3bUS$301.0b-US$996,860,238.0010.1x-284.2x0.9x
Price to Earnings Ratio

-284.2x


Total Market Cap: US$283.3bTotal Earnings: -US$996,860,238.00Total Revenue: US$301.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Telecom Services and Carriers Industry Price to Earnings3Y Average 2.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 53.8x which is higher than its 3-year average PE of 2.2x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • Total earnings for the Telecom industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market3.47%
Telecom5.10%
Telecom Services and Carriers2.77%
Integrated Telecom Services2.88%
Alternative Carriers2.73%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 14.8x.
    • Analysts are expecting annual earnings growth of 4.0%, which is higher than its past year's earnings decline of 14.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings decline of 30% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SPCX Space Exploration TechnologiesUS$114.922.4%
+US$36.7b		n/aPS65.7x
CMCSA ComcastUS$25.176.3%
+US$5.3b		-20.5%PE8x
VZ Verizon CommunicationsUS$46.991.9%
+US$3.6b		9.4%PE12.1x
T AT&TUS$23.712.2%
+US$3.4b		-15.5%PE7.6x
ASTS AST SpaceMobileUS$67.3615.3%
+US$2.7b		41.2%PS236.9x

Latest News

ASTS
US$67.36
AST SpaceMobile
7D
15.3%
1Y
41.2%
LUMN
US$5.90
Lumen Technologies
7D
-10.1%
1Y
59.5%
CCOI
US$10.91
Cogent Communications Holdings
7D
-17.6%
1Y
-69.1%
SPCX
US$114.92
Space Exploration Technologies
7D
2.4%
1Y
n/a
Seeking Alpha • Aug 06

SpaceX: The Revenue Beat Doesn't Fix The Capex Problem

Summary Space Exploration Technologies Corp. delivered a strong Q2 with 92% revenue growth to $7.8B and an improved net loss, but aggressive capex clouds near-term upside. Starlink remains SPCX's financial engine, posting 66% revenue growth and 79% segment income growth, though ARPU fell to $66 and subscriber growth slightly missed consensus. AI revenue surged 247% to $2.56B, yet AI capex ballooned to $15.8B, and the segment remains loss-making on an operating basis despite positive adjusted EBITDA. I rate SPCX a 'Sell' post-earnings due to high capex, lock-up expiration overhang, and insufficient risk/reward at current valuation despite exceptional business fundamentals. Read the full article on Seeking Alpha
BAND
US$44.69
Bandwidth
7D
15.1%
1Y
228.1%
Analysis Article • Aug 06

Bandwidth's (NASDAQ:BAND) Solid Profits Have Weak Fundamentals

Last week's profit announcement from Bandwidth Inc. ( NASDAQ:BAND ) was underwhelming for investors, despite headline...
T
US$23.71
AT&T
7D
2.2%
1Y
-15.5%
TSAT
US$54.08
Telesat
7D
44.4%
1Y
144.6%
VZ
US$46.99
Verizon Communications
7D
1.9%
1Y
9.4%
Narrative Update • Aug 05

VZ: AI Fiber Deals And Satellite Threat Will Shape Execution Balance

Verizon Communications' fair value estimate has moved modestly higher by $1 to $44, reflecting analysts' slightly lower discount rate assumptions and updated multiyear forecasts that factor in recent price target increases tied to progress on wireless execution, cost control, and new growth projects such as dark fiber and AI related initiatives. Analyst Commentary Recent Street research around Verizon Communications reflects a split view.
CMCSA
US$25.17
Comcast
7D
6.3%
1Y
-20.5%
Seeking Alpha • Aug 04

Comcast: Ordinary Business, Extraordinary Price

Summary Comcast is rated Buy with a $29.50 price target, offering ~26% upside from current levels. CMCSA trades at distressed multiples, pricing in terminal decline despite record free cash flow and a well-covered 5.5% dividend. A sum-of-the-parts analysis shows the current valuation is near bear-case trough multiples across all segments, providing notable downside protection. Upcoming separation and continued deleveraging offer catalysts for a valuation re-rating, with risk skewed favorably for risk-averse investors. Read the full article on Seeking Alpha
IOTR
US$2.88
iOThree
7D
-7.4%
1Y
-34.5%
ELWT
US$8.34
Elauwit Connection
7D
-4.6%
1Y
n/a
GSAT
US$83.24
Globalstar
7D
3.9%
1Y
230.6%