PR Newswire·Aug 7, 2026, 7:30 AM ET

TDS reports second quarter 2026 results

TDS Telecom expanded its marketable fiber service footprint by approximately 66,000 addresses in Q2 2026 & increased its full-year 2026 guidance to 250,000-300,000 addresses.
TDS Telecom's 2026 revenue guidance was adjusted to $1,000 million-$1,025 million with capital expenditure guidance raised to $625 million-$675 million.
Array reported 95% year-over-year growth in site rental revenues & consecutive quarter-over-quarter tower tenancy growth in Q2 2026.
Array completed the sale of virtually all spectrum outside the C-Band, including transactions totaling $1 billion in June 2026.
Array updated its 2026 revenue guidance to $205 million-$215 million 100% & raised Adjusted EBITDA guidance to $220 million-$235 million.
TDS Telecom recorded a 6% decline in total service revenue due to divestitures 100% legacy declines, though residential fiber revenue grew 13%.
TDS reported a net loss from continuing operations of $260.6 million for Q2 2026, driven by a $566.5 million non-cash gain on license sales 100% spectrum transactions at the Array level.
TDS delivered a non-binding proposal on May 7, 2026, to acquire all outstanding Array shares not already owned by TDS.
Array issued a special dividend of $11 per common share on June 25, 2026.
Consolidated operating revenues for TDS in Q2 2026 reached $309.3 million, representing a 4% increase from the prior year period.