The earnings call reflects a positive sentiment with the successful completion of the UScellular sale, improved financial strength through debt reduction and dividends, and significant progress in fiber and tower segments. However, there are challenges in legacy market revenues and anticipated costs impacting short-term profitability.

Company Guidance

During the second quarter of 2025, TDS and Array provided guidance on several key metrics. The companies closed a $4.3 billion transaction with T-Mobile, unlocking shareholder value and reducing debt significantly, with T-Mobile assuming $1.7 billion of debt, leaving $364 million on Array's balance sheet. A special dividend of $23 per share was declared by Array, amounting to approximately $1.63 billion for TDS. The transaction is expected to generate $80 million in annual interest savings, reducing TDS's average cost of debt to just over 6%. Array plans to monetize additional spectrum sales to AT&T and Verizon, which are expected to close in the second half of 2025 and the third quarter of 2026, respectively, generating $2 billion. TDS expects a threefold leverage ratio at Array and aims to maintain TDS's leverage below 1.5x. TDS Telecom is on track to deliver 150,000 new fiber addresses in 2025 and anticipates a year-over-year improvement in fiber net additions, with a strategic focus on increasing penetration in expansion markets. The company is also evaluating potential M&A opportunities to accelerate growth, particularly in the fiber sector.

Sale of UScellular to T-Mobile

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

Financial Strength and Dividend

T-Mobile assumed $1.7 billion in debt, reducing Array's debt to $364 million. A special dividend of $23 per share was declared, amounting to approximately $1.63 billion for TDS.

Improved Credit Rating

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

Fiber Expansion at TDS Telecom

Delivered 27,000 new fiber service addresses, with a goal of 150,000 fiber addresses for the year. Fiber connections grew by 19% year-over-year.

Tower Business Growth

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

Telephone & Data Systems (TDS) 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 >

TDS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.12 / -	-0.73	―	―	―
Aug 11, 2025	2025 (Q2)	0.03 / -0.05	-0.13	61.54% (+0.08)
May 02, 2025	2025 (Q1)	>-0.01 / -0.09	0.1	-190.00% (-0.19)
Feb 21, 2025	2024 (Q4)	-0.34 / -0.10	-4.64	97.84% (+4.54)
Nov 01, 2024	2024 (Q3)	-0.15 / -0.73	-0.16	-356.25% (-0.57)
Aug 02, 2024	2024 (Q2)	-0.13 / -0.13	-0.17	23.53% (+0.04)
May 03, 2024	2024 (Q1)	-0.05 / 0.10	-0.08	225.00% (+0.18)
Feb 16, 2024	2023 (Q4)	-0.12 / -4.64	-0.38	-1121.05% (-4.26)
Nov 03, 2023	2023 (Q3)	-0.04 / -0.16	-0.22	27.27% (+0.06)
Aug 04, 2023	2023 (Q2)	-0.04 / -0.17	0.15	-213.33% (-0.32)	―

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
Aug 11, 2025	$38.75	$38.69	-0.15%
May 02, 2025	$37.59	$34.27	-8.83%
Feb 21, 2025	$39.55	$37.87	-4.25%
Nov 01, 2024	$29.65	$27.38	-7.66%

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 Oct 30, 2025, Before Open (Confirmed).

What is Telephone & Data Systems (TDS) earnings time?

Telephone & Data Systems (TDS) 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 TDS EPS forecast?

TDS EPS forecast for the fiscal quarter 2025 (Q3) is -0.12.

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