TDS reveals lower Q3 earnings, adds $250 million buyback
Key points
- Telephone and Data Systems (NYSE:TDS) reported third-quarter 2026 revenue of $306.694 million, down from $308.521 million a year earlier, while income attributable to common shareholders fell to $29.6 million.
- The board approved an additional $250 million share repurchase authorization after the company bought approximately 6 million shares during the quarter at an average price of $36.65.
- TDS Telecom lowered its 2026 revenue and adjusted earnings forecasts, while increasing planned capital spending to approximately $750 million to support its fiber expansion.
Telephone and Data Systems (NYSE:TDS) reported third-quarter 2026 revenue of $306.694 million, down from $308.521 million a year earlier, as income attributable to common shareholders declined.
The company recorded income attributable to common shareholders of $29.6 million, compared with $40.2 million in the prior-year quarter, while diluted earnings per share decreased to $0.26 from $0.33.
TDS reported continued growth in residential fiber revenue, which increased 14%, although overall service revenue declined 3% during the quarter.
The board authorized an additional $250 million share repurchase programme after approximately 6 million shares were repurchased during the quarter at an average price of $36.65.
TDS Telecom lowered its 2026 revenue and adjusted earnings forecasts while increasing planned capital spending to approximately $750 million, and the company stopped pursuing its proposed acquisition of Array Digital Infrastructure's remaining minority shares.
TDS operates telecommunications businesses through TDS Telecom and its investment in Array Digital Infrastructure, with activities spanning broadband, residential fiber connectivity and wireless infrastructure.
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