| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 253.49 | 0.7% | 3.2% |
| Total Income | 253.49 | 0.7% | 3.2% |
| Expenditure | 283.51 | 340.5% | 14.1% |
| PBT | 34.02 | 92.4% | 466.1% |
| Net Profit | 45.86 | 84.6% | 156.1% |
| OPM | -11.84% | 111.84pp | 14.11pp |
| NPM | 18.09% | 81.91pp | 49.31pp |
| EPS | 0.25 | 89.8% | 129.4% |
TDS Reports Q3 2026 Results and Authorizes $250 Million Share Repurchase Plan
06 Nov 2026 · 15m ago
Summary
Telephone and Data Systems, Inc. reported third quarter 2026 operating results, with total operating revenues at $306.7 million, down 1% year-over-year. Net income attributable to common shareholders decreased to $29.6 million ($0.26 per diluted share) from $40.2 million ($0.33 per diluted share) in the prior year's quarter. The company highlighted progress in strategic objectives, with TDS Telecom expanding its fiber footprint and Array optimizing tower operations. Additionally, TDS announced an incremental $250 million share repurchase authorization and updated TDS Telecom's 2026 financial guidance.
Key Highlights
- 1
Telephone and Data Systems, Inc. reported total operating revenues from continuing operations of $306.7 million for the third quarter of 2026, a slight decrease of 1% compared to $308.5 million in the same period one year ago.
- 2
Net income attributable to TDS common shareholders for the third quarter of 2026 was $29.6 million, or $0.26 per diluted share, down from $40.2 million, or $0.33 per diluted share, in the third quarter of 2025.
- 3
TDS Telecom's service revenue was down 3% year-over-year, though residential fiber revenue grew by 14%, which was more than offset by divestitures and legacy declines.
- 4
Array's site rental revenues grew 14% year over year, and it delivered consecutive quarter-over-quarter colocation growth.
- 5
TDS repurchased approximately 6 million TDS shares in the quarter at an average price of $36.65 per share, and the Board authorized an incremental $250 million share repurchase plan.
- 6
TDS Telecom updated its 2026 financial guidance, projecting revenues between $990 million to $1,010 million and Adjusted OIBDA between $280 million to $300 million.
Management Comments
Walter Carlson
We continue to make progress as our teams execute our strategic objectives. During the quarter, TDS Telecom expanded its marketable fiber service footprint by approximately 76,000 addresses and grew fiber net adds by approximately 17,000. Array increased the number of colocations sequentially, highlighting the value of our assets, and continues to improve profitability. Additionally, I'm pleased to report that following TDS' withdrawal of the offer to acquire the minority interest in Array, TDS was in the market, and has repurchased nearly 15 million shares in 2026, returning over $520 million to shareholders.
Informational and educational content only. Not investment advice.