TDS Q1 net income $129.3M ($1.11 EPS) vs loss year ago; proposes to buy remaining Array shares

TELEPHONE & DATA SYSTEMS INC /DE/

2026-Q1 EPS reported $1.09 revenue$309,450,000

Operating revenues from continuing ops $309.5M, up from $290.4M a year ago.
Net income $129.3M vs loss of $23.2M; includes $150.9M gain on spectrum license sale.
TDS Telecom added 40k marketable fiber addresses; plans to acquire Granite State Communications for ~11k fiber addresses.
TDS proposes to acquire all outstanding Array common shares not already owned; special committee formed.
Full-year 2026 guidance for TDS Telecom and Array reaffirmed; revenues $1.015-1.055B and $200-215M respectively.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TELEPHONE & DATA SYSTEMS INC /DE/ reported first quarter 2026 results: revenue $309.5 million, net income $129.3 million, EPS $1.11. Guidance reaffirmed.

Period: first quarter 2026
Revenue: $309.5 million
Net income: $129.3 million
EPS: $1.11
Guidance: reaffirmed
Result: reported results

Exact text from the filing

TDS reported total operating revenues from continuing operations of $309.5 million for the first quarter of 2026, versus $290.4 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and diluted earnings (loss) per share from continuing operations were $129.3 million and $1.11, respectively, for the first quarter of 2026 compared to $(23.2) million and $(0.20), respectively, in the same period one year ago.

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TELEPHONE & DATA SYSTEMS INC /DE/ filing history →

Source: SEC EDGAR

accession 0001051512-26-000043

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