PR Newswire·Nov 6, 2026, 7:30 AM ET

TDS reports third quarter 2026 results

TDS

TDS Board authorized an incremental $250 million share repurchase plan to provide future organizational flexibility.
TDS Telecom expanded its marketable fiber service footprint by approximately 76,000 addresses and achieved 17,000 residential fiber net adds in the third quarter of 2026.
TDS repurchased approximately 6 million shares during the quarter at an average price of $36.65, bringing the 2026 total to nearly 15 million shares returned for over $520 million.
TDS Telecom service revenue decreased 3% year-over-year, while residential fiber revenue grew 14% to offset divestiture impacts and legacy declines.
TDS updated its 2026 financial guidance, lowering total operating revenues to $990 million–$1,010 million from a previous range of $1,000 million–$1,025 million.
Updated 2026 Adjusted OIBDA guidance for TDS Telecom is $280 million–$300 million, down from the previous $300 million–$320 million range.
Updated 2026 Adjusted EBITDA guidance for TDS Telecom is $290 million–$310 million, down from the previous $310 million–$330 million range.
TDS Telecom increased 2026 capital expenditure guidance to approximately $750 million from a previous range of $625 million–$675 million.
Array reported 14% year-over-year growth in site rental revenues with consecutive quarter-over-quarter colocation growth.
Array received regulatory approval for remaining pending spectrum transactions in October, with closings subject to FCC finality.
Array reaffirmed its 2026 financial guidance for total operating revenues, Adjusted OIBDA, Adjusted EBITDA, and capital expenditures.
TDS withdrew its offer to acquire minority interest in Array on September 1, 2026, after initially proposing the acquisition on May 7, 2026.
TDS Telecom reported third-quarter operating revenues of $306.7 million, down 1% from $308.5 million in the same period in 2025.
Net income attributable to TDS common shareholders was $29.6 million ($0.26 per share) for the third quarter of 2026, compared to $40.2 million ($0.33 per share) in 2025.
Array reported 14% growth in site rental revenues for the third quarter, contributing to a 14% increase in total operating revenues compared to the prior year.
Conference call regarding third-quarter results is scheduled for November 6, 2026, at 9:00 a.m. CT.

Company: Telephone and Data Systems, Inc.
Keywords: Telephone and Data Systems, Inc.