Quarterly ResultNov 6, 2026, 07:41 AM
TDS Q3 Revenue $306.7M; Board Authorizes $250M Buyback Plan
AI Summary
Telephone and Data Systems, Inc. (TDS) reported third quarter 2026 operating results, with total operating revenues of $306.7 million, a 1% decrease year-over-year. Net income attributable to common shareholders was $29.6 million, or $0.26 per diluted share. The company highlighted progress in its TDS Telecom segment, expanding fiber service footprint and net adds, while Array saw a 14% increase in site rental revenues. Additionally, the TDS Board authorized a new $250 million share repurchase plan, and TDS Telecom updated its full-year 2026 financial guidance.
Key Highlights
- TDS reported Q3 2026 total operating revenues of $306.7 million, down 1% YoY.
- Net income attributable to TDS common shareholders was $29.6 million, or $0.26 per diluted share.
- TDS Telecom expanded marketable fiber service footprint by 76,000 addresses and grew fiber net adds by 17,000.
- Array site rental revenues grew 14% year over year.
- TDS Board authorized an incremental $250 million share repurchase plan.
- TDS Telecom updated 2026 guidance: revenues $990M-$1.01B, Adjusted OIBDA $280M-$300M.
- TDS repurchased approximately 6 million shares in Q3 at an average price of $36.65.
Price Impact
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