TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) Form 10-Q — Nov 6, 2026
TDS reported Q3 2026 operating revenues of $306.7 million, down 1% year over year, with net income of $58.7 million ($0.25 diluted EPS) versus a loss of $73.1 million a year ago. Nine-month net income of $602.1 million was driven primarily by $553.1 million in gains on wireless spectrum license sales to AT&T, Verizon and T-Mobile following the $4.29 billion wireless divestiture completed in August 2025. TDS repurchased 5,958,218 common shares for $218.4 million in Q3 at an average of $36.65, bought another 8.7 million shares for $301.7 million after quarter end, and its Board authorized an additional $250 million buyback on November 6, 2026.
Key figures
- Eps
- 0.25
- Revenue
- 306694000
- Guidance
- TDS Telecom 2026 capital expenditures expected to be approximately $750 million; Array 2026 capex expected between $25.0 million and $35.0 million
- Net Income
- 58715000
- Total Debt
- 691763000
- Revenue Yoy
- -1% (Q3); +3% nine months to $925.4M
- Total Assets
- 8067302000
- Cash Position
- 1635402000
- Shares Outstanding
- 101.7 million Common Shares and 7.5 million Series A Common Shares
- Diluted eps
- 0.25
- Q3 basic eps
- 0.25
- Capex 9m 2026
- 575971000
- Array term loan
- 323000000
- Array q3 revenue
- 53870000
- Q3 buyback value
- 218400000
- Att spectrum sale
- 1018044000
- Q3 buyback shares
- 5958218
- Verizon spectrum sale
- 1000000000
- Array ownership by tds
- 81.9%
- Tds telecom q3 revenue
- 247265000
- New buyback authorization
- 250000000
- Post quarter buyback value
- 301700000
- Adjusted oibda q3 continuing
- 75038000
- Adjusted ebitda q3 continuing
- 142976000
AI analysis
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