Every material Form 8-K Telephone and Data Systems filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Telephone and Data Systems reported third quarter 2026 total operating revenues of $306.7 million, down from $308.5 million a year earlier, and net income attributable to TDS common shareholders of $29.6 million from continuing operations, compared with $40.2 million. The company lowered TDS Telecom's 2026 revenue, Adjusted OIBDA and Adjusted EBITDA guidance, raised its capital expenditure estimate, and its board approved an incremental $250 million share repurchase authorization.
Q3 2026 diluted EPS from continuing operations was $0.26, versus $0.33 in Q3 2025; total operating revenues were $306.7 million versus $308.5 million.
TDS Telecom 2026 revenue guidance was cut to $990 million to $1,010 million from $1,000 million to $1,025 million; Adjusted OIBDA guidance was cut to $280 million to $300 million from $300 million to $320 million.
TDS Telecom capital expenditure guidance was raised to approximately $750 million from $625 million to $675 million.
The board approved an incremental $250 million share repurchase authorization; TDS repurchased about 6 million shares in the quarter at an average price of $36.65.
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.
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
Array Digital Infrastructure, a subsidiary of Telephone and Data Systems (TDS), completed the sale of select spectrum assets to Verizon on June 1, 2026, receiving $1.0 billion in cash. The same day, Array's board declared a special cash dividend of $11.00 per share, payable to holders of its common and Series A common stock, which gives TDS a cash distribution from the sale proceeds.
Array received a $1.0 billion cash purchase price at the closing of the spectrum sale to Verizon, under a License Purchase Agreement dated October 17, 2024.
Array declared a special cash dividend of $11.00 per share on June 1, 2026.
Record date is June 11, 2026, and the payment date is scheduled for June 25, 2026.
As of June 1, 2026, TDS held 33,005,877 Series A shares and 37,782,826 common shares of Array.
TDS reported first quarter 2026 total operating revenues from continuing operations of $309.5 million, up from $290.4 million a year earlier, and diluted earnings per share from continuing operations of $1.11, compared with a loss of $(0.20). The filing ties the profit swing partly to a $150.9 million book gain on an Array spectrum license sale closed January 13, 2026, and both business units reaffirmed their 2026 guidance. The company also disclosed a non-binding proposal, delivered May 7, 2026, to acquire the Array shares it does not already own.
Total operating revenues were $309.5 million, up 7%; TDS Telecom revenue fell 3% to $249.6 million while Array revenue rose 93% to $52.0 million.
Diluted EPS from continuing operations was $1.11 versus $(0.20) a year earlier; the filing records a $150.9 million book gain on the January 13, 2026 Array spectrum sale.
TDS Telecom and Array both reaffirmed 2026 guidance, with all estimates shown as unchanged from prior estimates.
On May 7, 2026, TDS delivered a non-binding proposal to acquire all Array common shares it does not own; a special committee of independent directors was formed to evaluate it.
TDS approved a 2026 Executive Officer Bonus Program on March 18, 2026, covering its Vice Chair, executive and senior vice presidents, and the TDS Telecom President and CEO. Bonuses are weighted 80% on company performance and 20% on individual performance, with the company measure split 65% TDS Telecom and 35% Array Digital Infrastructure. The filing does not state any dollar amounts or financial results.
Plan approved by the TDS Compensation and Human Resources Committee on March 18, 2026
Performance weighting: 80% company measures, 20% individual measures
Company measure for most participants: TDS Telecom 65%, Array 35%
Array's separate 2026 Annual Incentive Plan, filed by Array on March 22, 2026, sets the annual bonus for the Array President and CEO
Telephone and Data Systems said Senior Vice President of Strategy and Corporate Development Joseph R. Hanley notified the company on March 10, 2026, of his intention to retire. His retirement is effective July 1, 2026, or another date mutually agreed upon by Mr. Hanley and TDS. The filing does not name a successor or describe any financial effect.
Joseph R. Hanley, Senior Vice President – Strategy and Corporate Development, gave notice of retirement on March 10, 2026.
Retirement is effective July 1, 2026, or another date mutually agreed upon.
The filing does not name a replacement or state any compensation arrangement.
TDS reported fourth-quarter 2025 operating revenues of $330.7 million, up from $295.3 million a year earlier, and diluted EPS from continuing operations of $0.32 versus $0.01. For full-year 2025, revenues fell to $1.23 billion from $1.30 billion, but EPS from continuing operations was $0.39 compared with a loss of $1.24 in 2024. The company also gave 2026 estimates for TDS Telecom and Array, which shareholders can use to track results against guidance.
Q4 2025 diluted EPS from continuing operations was $0.32, versus $0.01 in Q4 2024
Full-year 2025 operating revenues were $1,228.2 million, down from $1,297.0 million in 2024
Array closed its wireless spectrum sale with AT&T on January 13, 2026, for $1.018 billion; a $10.25 per share special dividend was paid February 2, 2026
Array Digital Infrastructure, a subsidiary of TDS, completed the sale of select spectrum assets to AT&T on January 13, 2026, receiving $1.018 billion in cash under a purchase agreement dated November 6, 2024. The same day, Array's board declared a $10.25 per share special cash dividend, which gives Array stockholders, including TDS, a cash payment tied to the sale proceeds.
Sale closed January 13, 2026, with the full $1.018 billion purchase price paid in cash and no portion deferred.
$232 million of the purchase price was allocated to 700 MHz Designated Entity Spectrum Licenses held by entities in which Array now holds 100% of the equity.
Array declared a special cash dividend of $10.25 per share, with a record date of January 23, 2026 and a payment date scheduled for February 2, 2026.
As of January 13, 2026, TDS held 33,005,877 shares of Array Series A Common Stock and 37,782,608 shares of Common Stock.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Telephone and Data Systems filing is on SEC EDGAR ↗. 8-K briefs of other companies →