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AI brief of an SEC Form 8-K · Telephone and Data Systems (TDS)

TDS reports Q2 net income of $281.1 million; Telecom cuts 2026 guidance

Mixed Impact 4 of 5 earnings Written later

TDS reported second quarter 2026 total operating revenues of $309.3 million, up from $298.5 million a year earlier, and net income attributable to common shareholders of $281.1 million, compared with a loss of $5.7 million in the prior-year quarter. TDS Telecom lowered its 2026 revenue and Adjusted EBITDA guidance, while Array raised its Adjusted EBITDA guidance, and the Q2 results include $409.8 million of gains on Array license sales.

Key points

  • Total operating revenues $309.3 million vs. $298.5 million in Q2 2025; net income attributable to TDS common shareholders $281.1 million vs. a $(5.7) million loss
  • Diluted EPS from continuing operations $2.24 vs. $(0.05) a year earlier
  • TDS Telecom 2026 revenue guidance cut to $1,000-$1,025 million from $1,015-$1,055 million; Adjusted EBITDA cut to $310-$330 million from $310-$350 million; capital expenditure guidance raised to $625-$675 million
  • Array 2026 Adjusted EBITDA guidance raised to $220-$235 million from $200-$215 million

The filing

CompanyTelephone and Data Systems (TDS)
Form8-K, current report
Filed with the SECAug 7, 2026, 7:35 AM ET
Accession number0001051512-26-000062

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.