TDS slightly misses Q3 revenue estimates, lowers FY guidance

Telephone and Data Systems

06/11/2026 12:44

Overview
US telecom and tower operator's Q3 revenue slightly missed analyst expectations
Diluted EPS fell to $0.26 from $0.33 a year ago
Company authorized incremental $250 mln share repurchase plan

Outlook
TDS Telecom lowers 2026 revenue outlook to $990 mln-$1.01 bln from $1 bln-$1.025 bln
TDS Telecom cuts 2026 adj OIBDA forecast to $280 mln-$300 mln from $300 mln-$320 mln
Company raises 2026 capital expenditures outlook for TDS Telecom to approx $750 mln from $625 mln-$675 mln

Result Drivers
LEGACY DECLINES AND DIVESTITURES - Residential fiber revenue grew 14% but was more than offset by impacts of divestitures and continued declines in legacy services
TOWER OPERATIONS - Array increased colocations sequentially and site rental revenues grew 14% yr/yr, highlighting asset value and improved profitability

Company press release: ID:nPn7v5kMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$306.69 mln
$309.25 mln (3 Analysts)
Q3 EPS
 
$0.26
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Reuters Recommended Reads
Nov 6 - Charter Communications slightly misses Q3 revenue estimates, posts loss on franchise impairment
Nov 4 - Lumen Q3 revenue falls 12%, slightly misses estimates
Nov 5 - European telcos raise payouts as earnings improve in Q3

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)