Deutsche Telekom posts Q3 2026 earnings beat, raises 2026 outlook and announces dividend increase and €2 bn buyback

Deutsche Telekom reported third‑quarter 2026 revenue of €31.1 bn, up 7.5% YoY, and adjusted EBITDA AL of €12.2 bn. The group lifted its full‑year adjusted EBITDA AL guidance to around €47.6 bn and raised the dividend to €1.10 per share. It also announced a share‑buyback programme of up to €2 bn for 2027.

The higher outlook and dividend increase signal stronger cash generation, which may support a higher valuation (the company expects) and could attract income‑focused investors. The €2 bn buyback, while below some analysts' expectations, will return capital to shareholders in 2027.

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