Earnings Releases·Nov 6, 2026, 7:36 AM ET

Telephone and Data Systems, Inc. — Third Quarter 2026 Earnings Summary

Third quarter 2026 net income from continuing operations declined to $29.6 million ($0.26 per share) from $40.2 million ($0.33 per share) in the prior year period, while total operating revenues fell 1% year-over-year to $306.7 million; however, nine-month net income improved to $436.9 million from a $114.6 million loss in 2025.
TDS Telecom lowered 2026 guidance for revenues to $990–$1,010 million, Adjusted OIBDA to $280–$300 million, and Adjusted EBITDA to $290–$310 million, while raising capital expenditure expectations to approximately $750 million; Array reaffirmed its existing 2026 guidance.
The company returned over $520 million to shareholders via share repurchases in 2026 and authorized an incremental $250 million repurchase plan, having repurchased nearly 15 million shares year-to-date.
Strategic updates include the withdrawal of the offer to acquire minority interest in Array, the receipt of regulatory approval for remaining spectrum sales to T-Mobile, and a reduction in long-term debt to $668.7 million from $823.4 million at the end of 2025.