Telephone & Data Systems reports Q3 2026 results, expands fiber and updates guidance
+1 new source since this summary was written
Telephone & Data Systems (TDS) posted third‑quarter 2026 revenue of $306.7 million, a slight decline year‑over‑year, and net income of $28.6 million. The company repurchased roughly 6 million shares at an average price of $36.65 and the board approved an additional $250 million share‑repurchase authorization. TDS added about 76,000 marketable fiber addresses and 17,000 net fiber connections, while terminating its proposed acquisition of Array and completing the purchase of Granite State Communications.
Why it matters
The company said the $250 million buyback provides future flexibility for capital allocation. Updated 2026 guidance lowers the telecom revenue range to $990 million‑$1.01 billion and caps capital expenditures at roughly $750 million, which may affect analysts’ forecasts and investor expectations.
Key facts
- 1Q3 2026 revenue was $306.7 million, down from $308.5 million YoY. prnewswire.com
- 2Net income for the quarter was $28.6 million. tradingview.com
- 3TDS repurchased approximately 6 million shares at an average price of $36.65 per share. prnewswire.com
- 4The board approved an incremental $250 million share‑repurchase authorization. prnewswire.com
- 5TDS Telecom delivered about 76,000 marketable fiber service addresses and added roughly 17,000 residential fiber net adds. prnewswire.com
- 6Updated 2026 telecom revenue guidance is $990 million to $1.01 billion. prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.