secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2026-08-07T11:35:16+00:00
Accession:  0001051512-26-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TDS Q2 EPS $2.24 on spectrum gains; raises Array guidance, proposes Array buyout
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- Q2 net income $260.6M ($2.24 diluted EPS) vs $(6.0)M loss a year ago; revenue $309.3M vs $298.5M.
- Array closed spectrum sales totaling ~$1.16B (May-June) and issued $11/share special dividend on June 25.
- TDS Telecom added ~66k fiber addresses; raised 2026 fiber address guidance to 250k-300k, capex to $625-675M.
- TDS Telecom lowered 2026 revenue guidance to $1,000-1,025M and Adjusted EBITDA to $310-330M.
- TDS made non-binding proposal to acquire all Array common shares not owned by TDS; special committee evaluating.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151226000062/0001051512-26-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151226000062/tds-20260807.htm
  HTML page:      https://secwatch.observer/filing/0001051512-26-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer