Telecom provider TDS' Q1 revenue rises 7%, EPS rebounds on spectrum gains

Telephone and Data Systems

08/05/2026 12:38

Overview

U.S. telecom provider's Q1 revenue rose 7% yr/yr

Diluted EPS rebounded to $1.09 from a loss a year ago, aided by spectrum sales gain

Company reaffirmed full-year 2026 guidance and proposed to acquire remaining Array shares

Outlook

TDS Telecom maintains 2026 revenue guidance at $1.015-$1.055 bln

Array maintains 2026 revenue guidance at $200-$215 mln

Company reaffirms all 2026 financial guidance ranges for both TDS Telecom and Array

Result Drivers

SPECTRUM SALE GAIN - Large book gain from sale of wireless spectrum licenses boosted net income

FIBER EXPANSION - TDS Telecom expanded marketable fiber service footprint and grew residential fiber net additions

TOWER BUSINESS GROWTH - Array site rental revenues grew 92% yr/yr, reflecting increased tower activity

Company press release: ID:nPn3BRJpna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$309.50 mln
$313.28 mln (2 Analysts)
Q1 EPS
$1.09


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Telephone and Data Systems Inc is $51.00, about 12.1% above its May 7 closing price of $45.50

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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.)