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U.S. Wireless Telecom Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies23
  • 7D-4.7%
  • 3M-13.4%
  • 1Y-19.7%
  • YTD-7.5%

Over the last 7 days, the Wireless Telecom industry has dropped 4.2%, driven by a pullback from T-Mobile US of 5.0%. However, the industry is down 21% over the past year. Looking forward, 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
Wed, 10 Jun 2026US$225.8bUS$106.5bUS$13.2b18.1x17.2x2.1x
Fri, 08 May 2026US$243.4bUS$105.6bUS$12.9b19.8x18.9x2.3x
Sun, 05 Apr 2026US$253.6bUS$104.8bUS$13.5b17.2x18.8x2.4x
Tue, 03 Mar 2026US$268.2bUS$105.7bUS$13.3b21.2x20.1x2.5x
Thu, 29 Jan 2026US$235.2bUS$106.5bUS$14.0b17x16.8x2.2x
Sat, 27 Dec 2025US$248.7bUS$106.5bUS$14.0b17.5x17.8x2.3x
Mon, 24 Nov 2025US$259.4bUS$106.4bUS$14.2b12.8x18.3x2.4x
Wed, 22 Oct 2025US$284.1bUS$104.3bUS$14.3b19.4x19.8x2.7x
Fri, 19 Sep 2025US$294.1bUS$104.3bUS$14.3b21.3x20.5x2.8x
Sun, 17 Aug 2025US$313.9bUS$103.3bUS$14.0b22.8x22.4x3x
Tue, 15 Jul 2025US$279.5bUS$101.4bUS$12.5b20.9x22.3x2.8x
Thu, 12 Jun 2025US$288.5bUS$101.4bUS$12.5b19.7x23x2.8x
Sat, 10 May 2025US$300.0bUS$101.3bUS$12.5b13x24x3x
Mon, 07 Apr 2025US$300.9bUS$100.3bUS$11.9b13.8x25.2x3x
Wed, 05 Mar 2025US$329.2bUS$102.8bUS$12.3b11.7x26.7x3.2x
Fri, 31 Jan 2025US$287.1bUS$102.9bUS$11.7b12.1x24.5x2.8x
Sun, 29 Dec 2024US$275.8bUS$101.5bUS$10.7b21.3x25.7x2.7x
Tue, 26 Nov 2024US$293.3bUS$101.4bUS$10.4b11.9x28.1x2.9x
Thu, 24 Oct 2024US$271.1bUS$100.7bUS$9.7b15x28.1x2.7x
Sat, 21 Sep 2024US$247.8bUS$100.7bUS$9.7b15.5x25.6x2.5x
Mon, 19 Aug 2024US$243.1bUS$100.7bUS$9.7b15.7x25.1x2.4x
Wed, 17 Jul 2024US$228.8bUS$100.4bUS$9.1b13.8x25.1x2.3x
Fri, 14 Jun 2024US$220.5bUS$100.4bUS$8.8b20.4x25.2x2.2x
Sun, 12 May 2024US$206.8bUS$100.3bUS$9.0b18x22.9x2.1x
Tue, 09 Apr 2024US$201.9bUS$100.2bUS$8.1b20.2x24.8x2x
Thu, 07 Mar 2024US$207.2bUS$100.2bUS$8.3b15.5x25x2.1x
Sat, 03 Feb 2024US$205.4bUS$101.1bUS$8.8b11.5x23.2x2x
Mon, 01 Jan 2024US$197.3bUS$100.9bUS$8.3b13.2x23.8x2x
Wed, 29 Nov 2023US$184.1bUS$100.9bUS$8.3b15.7x22.2x1.8x
Fri, 27 Oct 2023US$177.5bUS$100.7bUS$8.3b6.6x21.4x1.8x
Sun, 24 Sep 2023US$176.3bUS$100.9bUS$6.7b6.7x26.5x1.7x
Tue, 22 Aug 2023US$172.4bUS$100.0bUS$6.4b6.7x26.8x1.7x
Thu, 20 Jul 2023US$174.4bUS$99.8bUS$4.0b14.4x43.3x1.7x
Sat, 17 Jun 2023US$166.3bUS$99.8bUS$4.2b21.1x39.2x1.7x
Price to Earnings Ratio

39.2x


Total Market Cap: US$166.3bTotal Earnings: US$4.2bTotal Revenue: US$99.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Wireless Telecom Industry Price to Earnings3Y Average 24x202420252026
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 17.1x which is lower than its 3-year average PE of 24.0x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market-3.33%
Telecom-1.06%
Wireless Telecom-4.73%
Wireless Telecom Services-4.73%
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
UCL uCloudlink GroupUS$1.032.0%
+US$761.8k		-41.8%PE11.5x

Latest News

TDS
US$39.33
Telephone and Data Systems
7D
-1.9%
1Y
11.2%
TMUS
US$179.46
T-Mobile US
7D
-5.0%
1Y
-24.3%
Narrative Update • Jun 08

TMUS: Q1 Execution And Digital Shift Will Support 2026 Rerating

Analysts have adjusted T-Mobile US's consensus price target modestly, reflecting a mix of reduced targets from several large firms, including cuts of $15, $25, $29 and $50, partly offset by smaller increases such as a $9 and a $5 move higher, as they factor in updated views on revenue growth, Q1 results and relative valuation. Analyst Commentary Bullish Takeaways Bullish analysts point to Q1 results as an important support for their outlook, seeing execution in recent quarters as a key input into their updated views on the stock.
AD
US$50.79
Array Digital Infrastructure
7D
-3.6%
1Y
-18.9%
Narrative Update • Jun 08

AD: Spectrum Sale And Special Dividend Will Ultimately Expose Stretched Earnings Multiple

Array Digital Infrastructure's analyst price target remains at $45.00, with analysts citing updated assumptions for revenue growth, profit margins, and future P/E as key reasons for maintaining their view. What's in the News Array Digital Infrastructure completed the sale of select spectrum assets totaling approximately US$1.17b, including about US$1.0b to Verizon and US$168m to T-Mobile, as part of its plan to monetize remaining spectrum following the sale of its T-Mobile wireless operations.
KYIV
US$13.61
Kyivstar Group
7D
-5.2%
1Y
23.8%
TIGO
US$87.36
Millicom International Cellular
7D
-1.7%
1Y
140.0%
Narrative Update • Jun 05

TIGO: Future Will Balance Colombia Execution Risks With Dividend And Buyback Support

Analysts have lifted the implied fair value for Millicom International Cellular from $52.35 to $83.20, reflecting updated assumptions on faster revenue growth, a higher future P/E of 14.76, and recent Street research where price targets now range from about $52 to $100, alongside comments on improved Colombia execution and higher global equity risk premiums. Analyst Commentary Recent Street research on Millicom International Cellular shows a split view, with some analysts focused on upside from Colombia and acquisitions, and others putting more weight on valuation and execution risks.
UCL
US$1.03
uCloudlink Group
7D
2.0%
1Y
-41.8%
VEON
US$49.27
VEON
7D
-10.9%
1Y
4.3%
Narrative Update • Jun 03

VEON: Digital And AI1440 Expansion Will Drive Future Emerging Market Upside

Analysts have trimmed their VEON fair value estimate from $83.64 to $83.44 as they factor in slightly softer revenue growth and profit margin assumptions, while still reflecting supportive sentiment from recent bullish research. What's in the News Q1 2026 results: VEON reported revenue of US$1.201b and EBITDA of US$517m, with digital revenues up 57.7% and now over 25% of total revenue, and earnings per share of US$1.39 for the quarter, according to Q1 2026 results coverage.
GOGO
US$3.38
Gogo
7D
-22.8%
1Y
-71.6%
Narrative Update • Jun 02

GOGO: Future Cash Flows Will Be Driven By Capital Returns Strategy

Analysts have trimmed their price target on Gogo stock to $7 from $8, reflecting concerns around legacy ATG revenue pressure and customer churn, even as they point to a refreshed product lineup and potential future capital return as key areas to watch. Analyst Commentary Recent research on Gogo has leaned cautious, with several bearish analysts cutting price targets and flagging execution and growth risks tied to the legacy air-to-ground (ATG) business and future guidance.
SPOK
US$10.75
Spok Holdings
7D
-1.8%
1Y
-35.4%