TDS reports third quarter 2026 results

Telephone Data (TDS) reported Q3 2026 earnings, highlighting strong revenue growth and fiber expansion. TDS Telecom added 76,000 fiber addresses, reaching 2 million total. The company completed a $520M share buyback and authorized $250M more. TDS also acquired Granite State Communications, adding 13,000 fiber addresses. Despite a failed bid to acquire Array, TDS remains focused on long-term growth and shareholder value.

TDS (NYSE: TDS) reported Q3 2026 results with revenues of $306.7M, down from $308.5M YoY. The company repurchased 6M shares at $36.65 each and authorized a $250M additional buyback. TDS Telecom added 76,000 fiber addresses and 17,000 net fiber connections. Updated 2026 guidance: revenues $990M-$1,010M, Adjusted OIBDA $280M-$300M, Adjusted EBITDA $290M-$310M, capex ~$750M.

TDS Telecom (NYSE: TDS) reported Q3 2026 results, highlighting a 76,000 address expansion in fiber service and 17,000 new fiber connections. The company repurchased 15 million shares in 2026, returning over $520 million to shareholders. TDS updated its 2026 guidance, with revenues expected between $990 million and $1.01 billion. The board approved an additional $250 million for share repurchases. Array, a subsidiary, saw a 14% year-over-year growth in site rental revenues.

Telephone and Data Systems Inc. (TDS) reported steady financials, including $5.08B TTM revenue and $1.12B annual operating cash flow. It withdrew an acquisition offer for Array Digital Infrastructure, opting for share buybacks and spectrum asset sales. TDS has $523.9M authorized for buybacks and plans to monetize Array's spectrum to fund fiber expansion. Institutional interest grew, with low short interest. Investors will watch execution of buybacks and asset sales.

Telephone and Data Systems Inc. (TDS) shares rose 6.8% after withdrawing its proposal to acquire the remaining 18% stake in Array Digital Infrastructure Inc. (AD). TDS cited disagreement on terms and timing, but will continue to hold 82% of Array. TDS plans to resume share buybacks, with $523.9 million remaining under its repurchase programs, and both companies will focus on monetizing Array's wireless spectrum assets.

Telephone and Data Systems, Inc. (TDS) shares rose 6.84% to $35.92 on Wednesday after the company abandoned its bid to acquire Array Digital Infrastructure, Inc. shares. The stock has ranged from $31.51 to $49.12 over the past year.