TELEPHONE & DATA SYSTEMS INC /DE/ Q2 FY26 Results

Summary

Telephone and Data Systems, Inc. reported a strong second quarter of 2026 with total operating revenues of $309.3 million, up from $298.5 million in the prior year. The company saw a significant turnaround in profitability, with net income attributable to common shareholders reaching $260.6 million, a substantial improvement from a net loss in the prior year, and diluted earnings per share of $2.24. Both TDS Telecom and Array provided updated guidance for 2026, with TDS Telecom increasing its fiber service address delivery targets and Array raising its Adjusted EBITDA outlook.

Key Highlights

1. 1

   Telephone and Data Systems, Inc. reported total operating revenues of $309.3 million for the second quarter of 2026, an increase from $298.5 million in the same period one year ago.

2. 2

   Net income attributable to TDS common shareholders for the second quarter of 2026 was $260.6 million, a significant improvement from a net loss of $(6.0) million in the same period of 2025.

3. 3

   Diluted earnings per share from continuing operations were $2.24 for the second quarter of 2026, compared to $(0.05) in the same period one year ago.

4. 4

   TDS Telecom expanded its marketable fiber service footprint by approximately 66,000 addresses in Q2 2026 and increased its fiber service address guidance for the year.

5. 5

   Array delivered site rental revenues that grew 95% year over year in Q2 2026 and completed significant spectrum sales totaling $1 billion.

6. 6

   TDS Telecom updated its 2026 guidance to 250,000 - 300,000 marketable fiber service addresses and increased capital expenditure guidance to $625 million - $675 million.

7. 7

   Array narrowed its 2026 revenue range to $205 million - $215 million and increased its Adjusted EBITDA range to $220 million - $235 million.