Every 10-Q that Telephone & Data Sys Inc (TDS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TDS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TDS filings page.
Telephone and Data Systems, Inc. reported much higher profitability for the three months ended June 30, 2026. Total operating revenues from continuing operations were $309,281 thousand, up modestly year over year, but earnings were driven mainly by pre-tax gains of $402,280 thousand on wireless spectrum license sales and $23,770 thousand of short-term imputed spectrum lease income, lifting income before income taxes to $447,697 thousand. Net income attributable to TDS common shareholders was $281,060 thousand, versus a loss in the prior-year quarter, with diluted earnings per share of $2.42.
Underlying segment trends were mixed. TDS Telecom’s operating revenues fell 6% to $248,406 thousand, and it moved to an operating loss of $8,278 thousand, while Adjusted EBITDA declined 21%. Legacy voice, video and copper broadband connections continued to decline, partly offset by strong fiber growth: residential incumbent and expansion fiber broadband connections rose 11% and 27%, respectively, and 1Gig+ service is now offered to 80% of the footprint. Array Digital Infrastructure benefited from the T-Mobile master lease agreement and spectrum monetization, with site rental revenues nearly doubling to $53,175 thousand and Adjusted EBITDA increasing to $56,202 thousand; Array now owns 4,456 towers with a 0.98 tower tenancy rate.
Liquidity strengthened markedly. Cash and cash equivalents increased to $2,194,014 thousand, driven by $2,188,235 thousand of cash from divestitures, including spectrum license sales to AT&T and Verizon, while TDS’ free cash flow from continuing operations was negative $168,034 thousand due to capital expenditures of $317,919 thousand. Array paid two special dividends on its common and Series A shares of $10.25 and $11.00 per share tied to spectrum sales, totaling $1,836.8 million, of which TDS received $1,504.3 million. TDS also submitted a non-binding proposal to acquire the Array shares it does not own, which a special committee of Array’s board is evaluating.
Telephone and Data Systems, Inc. (TDS) returned to strong profitability in Q1 2026, driven largely by asset sales and tower growth. Net income attributable to TDS shareholders rose to $144.6 million from $7.5 million a year earlier, and net income from continuing operations reached $179.4 million.
Total operating revenues increased 7% to $309.5 million, as Array’s tower business nearly doubled site rental revenue to $51.0 million following its long-term master license agreement with T-Mobile. TDS Telecom revenues declined 3% to $249.6 million amid legacy voice and video losses, though fiber broadband connections continued to grow.
Results were boosted by a $150.9 million gain on the $1.018 billion sale of certain spectrum licenses to AT&T and $34.2 million of short-term imputed spectrum lease income tied to the prior T-Mobile transaction. Consolidated Adjusted EBITDA from continuing operations rose 49% to $144.5 million, while capital expenditures more than doubled to $136.2 million, mainly for fiber deployment and towers.
Liquidity strengthened, with cash and cash equivalents increasing to $1.37 billion and long-term debt, net, declining to $672.7 million. Array paid a $10.25 per share special dividend (total $885.5 million), of which TDS received $725.6 million. TDS also outlined an ongoing strategic alternatives review and a non-binding proposal to acquire the Array shares it does not already own.
Telephone and Data Systems (TDS) filed its Q3 2025 report highlighting a transformative divestiture and mixed operating trends. On August 1, Array Digital Infrastructure (82%-owned) closed the sale of its wireless operations and select spectrum to T-Mobile for $4,293.8 million after adjustments, including $2,628.8 million in cash and $1,665.0 million of debt assumed via exchange. An estimated $20.2 million purchase price true‑up is recorded. T-Mobile also received short‑term spectrum access at no cost for up to one year, generating $30.4 million of imputed lease income.
The new Master License Agreement boosted Array’s tower business: Q3 site rental revenue rose 79% to $45.8 million, lifting Array’s total revenue 83% to $47.1 million. Consolidated Adjusted EBITDA from continuing operations increased 53% to $168.7 million, though total operating revenues declined 6% to $308.5 million. TDS Telecom revenue fell 3% to $255.1 million as legacy services declined, while fiber expansion continued.
TDS repaid multiple term loans, while Array exchanged $1,680.1 million of notes and later carried $363.9 million of senior notes; Array borrowed $325.0 million under a new CoBank term loan. TDS repurchased 1,077,564 shares for $40.7 million. Shares outstanding as of September 30 were 108.0 million Common and 7.5 million Series A.
Telephone and Data Systems, Inc. reported consolidated operating revenues of $1,186 million for the quarter, down 4% year-over-year, with net income of $18 million (versus $7 million a year earlier) and Adjusted EBITDA of $340 million (down 5%). Free cash flow for the six months was $301 million. Array (82.5% owned) generated $916 million of operating revenue in the quarter, with towers revenue rising and a 1.57 tower tenancy rate as of June 30, 2025.
Material subsequent events reshaped the company: Array closed the sale of its wireless operations to T-Mobile on August 1, 2025, receiving cash proceeds of $2,629 million, completed a debt exchange that exchanged $1,680 million of Array debt, and declared a special dividend of $23.00 per Array common share. TDS expects a cash tax liability on the T-Mobile transaction of $125–$175 million and noted potential exit, decommissioning and wind-down costs; Array also completed acquisitive and financing adjustments in July 2025.