The earnings call reflects a positive outlook with significant achievements, including the successful completion of the T-Mobile transaction, reduction in debt, and progress in fiber and tower businesses. However, there are some challenges with revenue decline in legacy markets and transition costs for the tower business.

Company Guidance

During the second quarter 2025 conference call, TDS and Array announced significant progress in their strategic priorities, notably the closure of a $4.3 billion transaction selling UScellular's wireless business and certain spectrum assets to T-Mobile. This move was instrumental in strengthening the balance sheets of both TDS and Array, allowing them to focus on their tower and fiber businesses. Array Digital Infrastructure, now operating under a new name, boasts approximately 4,400 towers and a new master license agreement with T-Mobile, which is expected to drive colocations and margin growth. TDS Telecom, under new leadership, delivered 27,000 new fiber service addresses, aiming for 150,000 by year-end. Financially, TDS plans to redeem approximately $1.1 billion in debt, resulting in $80 million in annual interest savings. Additionally, TDS anticipates receiving $2 billion from spectrum sales to AT&T and Verizon, further enhancing their financial flexibility for strategic investments and shareholder returns.

Successful Sale to T-Mobile

TDS completed the $4.3 billion sale of UScellular wireless business and certain spectrum assets to T-Mobile, unlocking significant value for shareholders and strengthening the balance sheet.

Special Dividend and Debt Reduction

Array Board declared a special dividend of $23 per share, with TDS receiving approximately $1.63 billion. $1.1 billion in debt will be redeemed, resulting in $80 million in annual interest savings.

Ratings Upgrade

S&P raised TDS' credit rating to BBB- from BB, reflecting a strong balance sheet and growth outlook.

Fiber Expansion Progress

Delivered 27,000 new fiber service addresses in Q2, with plans to achieve 150,000 fiber addresses in 2025. Fiber connections grew 19% year-over-year.

Tower Business Growth

Third-party tower revenues increased by 12%, and the number of third-party colocations increased by 6% year-over-year.

United States Cellular (USM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

USM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.25 / -	-0.92	―	―	―
Aug 11, 2025	2025 (Q2)	0.35 / 0.36	0.2	80.00% (+0.16)
May 02, 2025	2025 (Q1)	0.30 / 0.21	0.2	5.00% (<+0.01)	―
Feb 21, 2025	2024 (Q4)	-0.03 / 0.05	0.16	-68.75% (-0.11)	―
Nov 01, 2024	2024 (Q3)	0.12 / -0.92	0.26	-453.85% (-1.18)	―
Aug 02, 2024	2024 (Q2)	0.14 / 0.20	0.05	300.00% (+0.15)	―
May 03, 2024	2024 (Q1)	0.27 / 0.20	0.15	33.33% (+0.05)	―
Feb 16, 2024	2023 (Q4)	0.03 / 0.16	-0.33	148.48% (+0.49)	―	―
Nov 03, 2023	2023 (Q3)	0.13 / 0.26	-0.15	273.33% (+0.41)	―	―
Aug 04, 2023	2023 (Q2)	0.10 / 0.05	0.25	-80.00% (-0.20)	―	―

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

USM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$51.78	$53.70	+3.71%
May 02, 2025	$48.01	$43.98	-8.39%
Feb 21, 2025	$46.76	$45.62	-2.44%
Nov 01, 2024	$43.03	$40.09	-6.83%

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 United States Cellular (USM) report earnings?

United States Cellular (USM) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is United States Cellular (USM) earnings time?

United States Cellular (USM) earnings time is at Oct 30, 2025, 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 USM EPS forecast?

USM EPS forecast for the fiscal quarter 2025 (Q3) is 0.25.

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