| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 257.73 | 77.1% |
| Total Income | 257.73 | 77.1% |
| Expenditure | 113.91 | 89.6% |
| PBT | 233.84 | 1069.2% |
| Net Profit | 144.59 | 1965.6% |
| OPM | 55.80% | 52.69pp |
| NPM | 56.10% | 55.48pp |
| EPS | 1.12 | 1344.4% |
TDS Reports Q1 2026: Total Operating Revenues $309.5 Million
08 May 2026 · 8 May, 5:11 pm
Summary
Telephone and Data Systems, Inc. (TDS) reported first quarter 2026 operating results. Total operating revenues were $309.5 million, compared to $290.4 million for the same period last year. Net income attributable to TDS common shareholders was $129.3 million, or $1.11 per diluted share. TDS Telecom expanded its marketable fiber service footprint to 1.1 million addresses. Array's site rental revenues grew 92% year over year.
Key Highlights
- 1
TDS reported total operating revenues from continuing operations of $309.5 million for the first quarter of 2026, compared to $290.4 million for the same period one year ago.
- 2
Net income attributable to TDS common shareholders was $129.3 million, or $1.11 per diluted share, for Q1 2026.
- 3
In Q1 2026, TDS Telecom delivered 40,000 marketable fiber service addresses.
- 4
TDS Telecom revenues decreased by 3%, reduced by $6 million due to divestitures of non-strategic assets.
- 5
Array's site rental revenues grew 92% year over year.
- 6
Array closed on the sale of certain 700 MHz wireless spectrum licenses for total proceeds of $74.8 million on May 5, 2026.
- 7
TDS recorded a book gain of $150.9 million ($114.7 million net of tax expense) during the first quarter of 2026 from the sale of certain 3.45 GHz and 700 MHz wireless spectrum licenses.
Management Comments
Walter Carlson
"TDS Telecom and Array entered 2026 with momentum," said Walter Carlson, TDS President and CEO. "Both business units are making meaningful progress toward their strategic objectives. During the quarter, TDS Telecom expanded its marketable fiber service footprint to 1.1 million addresses, while Array continued to optimize its operations and secure healthy application volume." "As part of our fiber growth strategy, we recently announced the acquisition of Granite State Communications in New Hampshire," continued Carlson. "Located adjacent to our existing operations, Granite State further expands our fiber footprint, adding approximately 11,000 additional fiber service addresses.”
Informational and educational content only. Not investment advice.