Quarterly ResultAug 7, 2026, 07:37 AM
TDS Q2 Net Income $281.1M, EPS $2.24; Array Special Dividend $11
AI Summary
Telephone and Data Systems, Inc. (TDS) reported strong second quarter 2026 results, with net income attributable to common shareholders soaring to $281.1 million and diluted EPS reaching $2.24, a significant turnaround from the prior year. The positive performance was driven by strategic actions at its subsidiary Array, which completed $1.16 billion in spectrum sales and issued a special dividend of $11 per common share. Both TDS Telecom and Array updated their 2026 guidance, with TDS Telecom increasing its fiber service address target and Array raising its Adjusted EBITDA outlook, while TDS also proposed to acquire all outstanding Array Common Shares not already owned.
Key Highlights
- Q2 2026 Net income attributable to common shareholders was $281.1 million, up from $(5.7) million YoY.
- Q2 2026 Diluted EPS was $2.24, a significant increase from $(0.05) YoY.
- Array issued a special dividend of $11 per common share on June 25, 2026.
- Array closed $1.16 billion in wireless spectrum sales, including $1 billion on June 1, 2026.
- TDS Telecom increased 2026 guidance for marketable fiber service addresses to 250,000-300,000.
- Array increased 2026 Adjusted EBITDA guidance to $220 million - $235 million.
- TDS delivered a non-binding proposal to acquire all outstanding Array Common Shares.
Price Impact
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