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U.S. Wireless Telecom Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies23
  • 7D-3.4%
  • 3M0.9%
  • 1Y-14.7%
  • YTD1.6%

Over the last 7 days, the Wireless Telecom industry has dropped 3.4%, driven by a pullback from T-Mobile US of 5.9%. In contrast, Millicom International Cellular has gained 8.9%. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.S. Wireless Telecom Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026US$253.6bUS$104.8bUS$13.5b17.2x18.8x2.4x
Wed, 04 Mar 2026US$267.7bUS$105.7bUS$13.3b21.3x20.1x2.5x
Fri, 30 Jan 2026US$235.1bUS$106.5bUS$14.0b17.2x16.8x2.2x
Sun, 28 Dec 2025US$251.0bUS$106.5bUS$14.0b17.5x17.9x2.4x
Tue, 25 Nov 2025US$259.4bUS$106.4bUS$14.2b13.1x18.3x2.4x
Thu, 23 Oct 2025US$282.4bUS$104.3bUS$14.3b19.6x19.7x2.7x
Sat, 20 Sep 2025US$293.4bUS$104.3bUS$14.3b21x20.5x2.8x
Mon, 18 Aug 2025US$313.9bUS$103.3bUS$14.0b22.8x22.4x3x
Wed, 16 Jul 2025US$280.5bUS$101.4bUS$12.5b21.5x22.4x2.8x
Fri, 13 Jun 2025US$281.2bUS$101.4bUS$12.5b21.3x22.4x2.8x
Sun, 11 May 2025US$295.9bUS$101.3bUS$12.5b13x23.7x2.9x
Tue, 08 Apr 2025US$300.9bUS$100.3bUS$11.9b13.3x25.2x3x
Thu, 06 Mar 2025US$319.5bUS$102.8bUS$12.3b12.7x25.9x3.1x
Sat, 01 Feb 2025US$286.0bUS$102.9bUS$11.7b11.6x24.4x2.8x
Mon, 30 Dec 2024US$275.8bUS$101.5bUS$10.7b21.3x25.7x2.7x
Wed, 27 Nov 2024US$295.2bUS$101.4bUS$10.4b10.4x28.3x2.9x
Fri, 25 Oct 2024US$272.2bUS$101.6bUS$10.6b15.1x25.7x2.7x
Sun, 22 Sep 2024US$247.5bUS$100.7bUS$9.7b15.5x25.5x2.5x
Tue, 20 Aug 2024US$243.1bUS$100.7bUS$9.7b15.8x25.1x2.4x
Thu, 18 Jul 2024US$230.6bUS$100.4bUS$9.1b13.7x25.3x2.3x
Sat, 15 Jun 2024US$220.5bUS$100.4bUS$8.8b20.5x25.2x2.2x
Mon, 13 May 2024US$206.8bUS$100.3bUS$9.0b18x22.9x2.1x
Wed, 10 Apr 2024US$201.6bUS$100.2bUS$8.1b19.9x24.8x2x
Fri, 08 Mar 2024US$205.6bUS$100.2bUS$8.3b16.2x24.8x2.1x
Sun, 04 Feb 2024US$205.4bUS$101.1bUS$8.8b11.5x23.2x2x
Tue, 02 Jan 2024US$197.3bUS$100.9bUS$8.3b13.2x23.8x2x
Thu, 30 Nov 2023US$183.7bUS$100.9bUS$8.3b15.8x22.1x1.8x
Sat, 28 Oct 2023US$174.1bUS$100.8bUS$8.3b6.7x20.9x1.7x
Mon, 25 Sep 2023US$176.3bUS$100.9bUS$6.7b6.7x26.5x1.7x
Wed, 23 Aug 2023US$171.1bUS$100.0bUS$6.4b6.6x26.6x1.7x
Fri, 21 Jul 2023US$177.3bUS$99.8bUS$4.0b14.3x44x1.8x
Sun, 18 Jun 2023US$166.3bUS$99.8bUS$4.2b21.1x39.2x1.7x
Tue, 16 May 2023US$182.8bUS$104.0bUS$3.8b17.1x47.8x1.8x
Thu, 13 Apr 2023US$190.5bUS$104.5bUS$2.7b51.6x70.6x1.8x
Price to Earnings Ratio

70.6x


Total Market Cap: US$190.5bTotal Earnings: US$2.7bTotal Revenue: US$104.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 26.1x202420252026
Current Industry PE
  • Investors are pessimistic on the American Wireless Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.8x which is lower than its 3-year average PE of 26.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 71% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market3.46%
Telecom6.40%
Wireless Telecom-3.40%
Wireless Telecom Services-3.40%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TIGO Millicom International CellularUS$79.648.9%
+US$1.1b		185.1%PE10.1x
TDS Telephone and Data SystemsUS$44.897.4%
+US$352.5m		27.3%PE105.9x
VEON VEONUS$47.726.6%
+US$202.2m		25.6%PE6.2x
KYIV Kyivstar GroupUS$10.189.1%
+US$196.2m		-5.7%PE19x
AD Array Digital InfrastructureUS$48.004.7%
+US$185.8m		-24.4%PE24.5x

Latest News

SPOK
US$11.13
Spok Holdings
7D
-1.0%
1Y
-27.0%

Spok Holdings: Software Gains Are Still Too Low To Offset Structural Declines

Apr 04
VEON
US$47.72
VEON
7D
6.6%
1Y
25.6%

VEON: Emerging Market AI And Digital Platforms Will Drive Future Upside

Analysts have lifted their price target on VEON to $80.48 from $76.68 as they now apply a slightly higher discount rate and P/E multiple, while assuming modestly adjusted paths for revenue and profit margins. What's in the News JazzCash, VEON's subsidiary in Pakistan, reports 1 million Raast QR enabled merchants and a registered customer base of 58 million, with transactions in 2025 totaling more than PKR 15,000,000 million, roughly US$53b or about 13% of Pakistan's GDP (company announcement).
KYIV
US$10.18
Kyivstar Group
7D
9.1%
1Y
-5.7%
TIGO
US$79.64
Millicom International Cellular
7D
8.9%
1Y
185.1%

TIGO: Chile Bid Interest And Leverage Profile May Shape Upside Potential

Analysts have raised the fair value estimate for Millicom International Cellular to $89 from $75. This change reflects updated models that incorporate higher revenue growth assumptions, a revised future P/E of 15.39x, and recent price target increases from several research firms.
TDS
US$44.89
Telephone and Data Systems
7D
7.4%
1Y
27.3%

TDS: Future Upside Will Depend On Executing Tower-Focused 2026 Outlook

Narrative update on Telephone and Data Systems Analysts have lifted their price target on Telephone and Data Systems to $56 from $45, citing updated models after the Q4 report, a refreshed 2026 outlook, and a more positive view of the tower business. Analyst Commentary Recent research updates give you a clearer sense of how analysts are thinking about Telephone and Data Systems after the Q4 report and refreshed 2026 outlook.
TMUS
US$201.40
T-Mobile US
7D
-5.9%
1Y
-18.4%

TMUS: Sector Leading 2026 Service And EBITDA Outlook Will Drive Future Upside

The analyst price target for T-Mobile US edges up slightly to $268.68 from $268.52, as analysts fine tune assumptions around revenue growth, profit margins and future P/E multiples, while also factoring in recent price target revisions and ratings changes across the Street. Analyst Commentary Recent research updates on T-Mobile US reflect a mix of optimism about the company’s growth profile and some caution around valuation and sector conditions, which together shape the modest upward move in the consensus price target.
GOGO
US$4.12
Gogo
7D
0.5%
1Y
-41.9%
AD
US$48.00
Array Digital Infrastructure
7D
4.7%
1Y
-24.4%

AD: Spectrum Sale Cash And Special Dividend Will Drive Future Upside

Analysts have revised their price target for Array Digital Infrastructure to $53.83, reflecting updated assumptions for revenue growth, profit margins and future P/E, which together shape a more balanced view of the company’s potential risk and reward profile. What's in the News Array Digital Infrastructure issued earnings guidance for 2026, with expected total revenue in a range of $200 million to $215 million, giving investors a concrete top line reference point for the year (Corporate guidance).
UCL
US$1.45
uCloudlink Group
7D
3.6%
1Y
45.0%
FNGR
US$1.02
FingerMotion
7D
9.5%
1Y
-25.0%