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TDS revenue rallies 3.6% to $309.3 million
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TDS revenue rallies 3.6% to $309.3 million

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  • Telephone and Data Systems reported Q2 2026 continuing-operations revenue of $309.3 million, up from $298.5 million a year earlier.
  • Net income attributable to common shareholders from continuing operations reached $260.6 million, or $2.24 per diluted share.
  • TDS Telecom lowered its 2026 revenue outlook while Array raised its revenue and adjusted EBITDA guidance.

Telephone and Data Systems (NYSE:TDS) reported Q2 2026 continuing-operations revenue of $309.3 million, up 3.6%, while attributable net income reached $260.6 million.

Revenue increased from $298.5 million a year earlier, when TDS recorded a $6 million continuing-operations loss attributable to common shareholders.

TDS Telecom lowered 2026 revenue guidance to $1–$1.025 billion and raised capital spending guidance to $625–$675 million while maintaining adjusted EBITDA guidance of $310–$330 million.

Following the announcement, Telephone and Data Systems' share price was down 2.25% at $35.19 in premarket trading.

TDS Telecom added about 66,000 marketable fiber addresses and 15,100 residential fiber customers during Q2, while residential fiber revenue increased 13% year over year.

Elsewhere, Array increased 2026 revenue guidance to $205–$215 million and adjusted EBITDA guidance to $220–$235 million after completing about $1.16 billion of Q2 spectrum sales, while TDS’s proposal to acquire Array’s remaining public shares remains non-binding.