Telephone & Data Systems (TDS)
NYSE:TDS
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational momentum in strategic growth areas—particularly fiber rollouts (record address deliveries, 32% fiber net adds, 13% fiber revenue growth) and tower/site‑rental upside—alongside decisive corporate actions (proposal to acquire remaining Array shares and continued spectrum monetization). These positives are tempered by legacy revenue declines (cable down ~10%), the DISH nonpayment reserve at Array, ongoing wind‑down costs, and sizable near‑term capital requirements. On balance the company demonstrated progressing transformation and multiple constructive catalysts while acknowledging manageable legacy headwinds and execution risks.Company Guidance
Strategic Proposal to Acquire Remaining Array Shares
Telephone and Data Systems, Inc. announced an all‑stock proposal to acquire all outstanding Array common shares not already owned at an exchange ratio of 0.86 TDS shares per Array share (assumes $10.40 per Array share dividend and prior spectrum sales), expected to qualify as a tax‑free reorganization and intended to simplify corporate structure and strengthen capital allocation.
Record Quarterly Fiber Deliveries
TDS Telecom delivered 40,000 marketable fiber service addresses in Q1 — the highest first‑quarter total in company history and nearly 3x Q1 2025 — supporting the 2026 build target of 200,000–250,000 new fiber service addresses.
Fiber Footprint and Capability Expansion
TDS now serves approximately 1.1 million fiber addresses (58% of total footprint), with 79% of addresses capable of gig speeds, underscoring progress toward a fiber‑centric business.
Strong Fiber Subscriber Growth and Revenue Uplift
Residential fiber net adds were ~11,000 in Q1, up 32% YoY; fiber revenue rose 13% YoY (approximately +$11 million), helping offset legacy declines.
Operational Transformation Progress
Completed billing conversion in cable markets, launched a new Field Force platform, enabled multi‑gig speeds in cable footprint, and reported initial benefits from transformation cost programs (targeting $100 million run‑rate savings by end of 2028).
Accretive M&A Bolt‑on
Agreement to acquire Granite State Communications — fully fibered, >11,000 service addresses contiguous to existing New Hampshire markets — expected to close in Q3, supporting clustering strategy.
Array Tower and Spectrum Monetization Momentum
Array has monetized roughly 70% of its spectrum holdings: AT&T sale closed Jan 13 (resulting in $10.25 per share dividend paid), recent T‑Mobile transactions closed/approved, and remaining T‑Mobile and Verizon spectrum sales expected to close in upcoming quarters pending approvals.
Strong Tower Site‑Rental Revenue Growth
Array reported cash site‑rental revenue up 55% YoY in Q1 overall and up 64% YoY when normalized for DISH; including T‑Mobile interim site revenue the increase was 86% YoY (98% normalized), with sequential normalized tenancy ratio growth from 0.95 to 0.96.
Capital Allocation Discipline and Buyback Authorization
TDS maintained focus on disciplined capital allocation, with a $520 million share buyback authorization available at quarter end and stated intent to fund fiber growth from a strong balance sheet.
TDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TDS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $45.50 | $46.47 | +2.13% |
Feb 20, 2026 | $45.50 | $45.25 | -0.55% |
Nov 07, 2025 | $38.41 | $37.62 | -2.08% |
Aug 11, 2025 | $38.63 | $38.57 | -0.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Telephone & Data Systems (TDS) report earnings?
Telephone & Data Systems (TDS) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Telephone & Data Systems (TDS) earnings time?
Telephone & Data Systems (TDS) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TDS EPS forecast?
TDS EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.