Jun 2026 (Q2 FY26) — Aug 7, 2026
Telephone and Data Systems, Inc. Q2 FY26 — Strong Fiber Buildout and Spectrum Monetization
Read the full callTelephone and Data Systems (TDS) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Telephone and Data Systems earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 309 | +3.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 120.7 | +124.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 298 | +2478.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$33.26 −1.89% · −$0.64
Performance −13.6% 1Y
1Y: $38.49 on 17 Oct 2025 → $33.26. High $47.59 (13 Feb 2026), low $32.98 (7 Aug 2026).
- Previous close
- $33.9
- 52-week range
- $32.98 – $47.59
- One year
- −14.26%
Overview
- Symbol
- TDS
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Telephone and Data Systems earnings calls (TDS)
Financials
What the filings say
Net profit, year on year: +2479% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 327 | 1,240 | 290 | 299 | 309 | 331 | 309 | 309 |
| Operating profit | -150 | 37 | -34 | -12 | -68 | 17 | 144 | 373 |
| Operating margin | −45.7% | 3.0% | −11.7% | −4.1% | −22.0% | 5.1% | 46.5% | 120.7% |
| Other income | 20 | -24 | 22 | 22 | 74 | 68 | 90 | 74 |
| Interest | 33 | 73 | 24 | 29 | 47 | 12 | 5 | 11 |
| Profit before tax | -130 | 13 | -12 | 10 | 6 | 85 | 234 | 448 |
| Tax rate | 23.6% | 38.5% | 65.9% | −42.3% | −1211.0% | 26.9% | 23.3% | 23.8% |
| Net profit | -66 | 6 | 7 | 12 | -82 | 57 | 145 | 298 |
| EPS ($ per share) | -0.73 | — | 0.09 | 0.05 | -0.85 | — | 1.12 | 2.45 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 2,656 | 2,672 | 2,802 | 2,812 | 2,699 | 2,023 | 1,849 | 1,694 |
| Total liabilities | 4,490 | 5,377 | 6,932 | 6,759 | 7,947 | 2,139 | 7,814 | 3,131 |
| Fixed assets | 3,346 | 3,527 | 3,972 | 4,361 | 4,760 | 5,062 | 2,876 | 2,965 |
| Investments | 17 | 0 | 3 | 0 | — | — | — | — |
| Total assets | 9,783 | 10,781 | 12,525 | 13,493 | 14,550 | 8,135 | 13,682 | 8,398 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,017 | 1,016 | 1,532 | 1,103 | 1,155 | 1,141 | 1,146 | 590 |
| Cash from investing | -680 | -1,249 | -1,511 | -2,462 | -1,783 | -1,327 | -754 | 2,144 |
| Cash from financing | -32 | -220 | 957 | 321 | 613 | 56 | -277 | -2,347 |
| Net cash flow | 305 | -453 | 978 | -1,038 | -15 | -130 | 114 | 387 |
| Capital expenditure | -776 | -957 | -1,338 | -1,131 | -1,161 | -643 | -365 | -391 |
| Free cash flow | 241 | 59 | 194 | -28 | -6 | 498 | 780 | 199 |
Insider filings
66 filings between Nov 10, 2025 and Sep 16, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$3.88M
4 sales by 3 insiders
Compensation
not trading decisions- 9
- Award — granted as compensation
- 20
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 13 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CARLSON LEROY T JR | — | $2.96M | Sep 11, 2026 |
| Kroll Anita J | — | $666.8K | Nov 11, 2025 |
| Carlson Prudence E | — | $244.1K | Mar 23, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 16, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 227,190 | $0 |
| Sep 11, 2026 | CARLSON LEROY T JR Vice Chair | Option exercise | 77,100 | $1.48M |
| Sep 11, 2026 | CARLSON LEROY T JR Vice Chair | Sale | 77,100 | $2.96M |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 112,407 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 85,150 | $0 |
| Sep 3, 2026 | Carlson Anthony J President of Array | Gift | 511 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 85,150 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 140,000 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 116,374 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 112,407 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 144,599 | $0 |
| Sep 3, 2026 | Carlson Anthony J President of Array | Gift | 511 | $0 |
| Sep 3, 2026 | CARLSON LEROY T JR Vice Chair | Gift | 116,374 | $0 |
| Jun 11, 2026 | CARLSON LEROY T JR Vice Chair | Option exercise | 45,135 | $1.81M |
| Jun 11, 2026 | Kroll Anita J VP, Controller & CAO | Option exercise | 2,716 | $108.7K |
| Jun 11, 2026 | Villacrez Vicki L Executive Vice President & CFO | Tax withheld | 4,780 | $191.3K |
| Jun 11, 2026 | Villacrez Vicki L Executive Vice President & CFO | Option exercise | 10,170 | $407.1K |
| Jun 11, 2026 | CARLSON LEROY T JR Vice Chair | Tax withheld | 18,935 | $758.0K |
| Jun 11, 2026 | Kroll Anita J VP, Controller & CAO | Tax withheld | 1,277 | $51.1K |
| Jun 9, 2026 | Dixon Kenneth S. President & CEO, subsidiary | Option exercise | 4,653 | $183.0K |
| Jun 9, 2026 | Dixon Kenneth S. President & CEO, subsidiary | Tax withheld | 1,489 | $58.6K |
| May 21, 2026 | Rutledge Napoleon B JR Director | Award | 2,905 | $119.7K |
| May 21, 2026 | Carlson Anthony J President of Array | Option exercise | 695 | $28.6K |
| May 21, 2026 | CARLSON LEROY T JR Vice Chair | Option exercise | 4,961 | $204.4K |
| May 21, 2026 | Woessner Dirk S Director | Tax withheld | 228 | $9.4K |
| May 21, 2026 | Woessner Dirk S Director | Award | 2,905 | $119.7K |
| May 21, 2026 | Villacrez Vicki L Executive Vice President & CFO | Tax withheld | 2,575 | $106.1K |
| May 21, 2026 | Carlson Anthony J President of Array | Tax withheld | 204 | $8.4K |
| May 21, 2026 | CARLSON LETITIA G C Director | Award | 2,905 | $119.7K |
| May 21, 2026 | CARLSON WALTER CD President and CEO | Tax withheld | 5,016 | $206.7K |
| May 21, 2026 | CARLSON WALTER CD President and CEO | Award | 11,905 | $490.5K |
| May 21, 2026 | Kroll Anita J VP, Controller & CAO | Tax withheld | 688 | $28.3K |
| May 21, 2026 | Kroll Anita J VP, Controller & CAO | Option exercise | 1,463 | $60.3K |
| May 21, 2026 | Dixon Kimberly D Director | Award | 2,905 | $119.7K |
| May 21, 2026 | Oosterman Wade Director | Award | 2,905 | $119.7K |
| May 21, 2026 | OFF GEORGE W Director | Award | 2,905 | $119.7K |
| May 21, 2026 | Carlson Prudence E Director | Award | 2,905 | $119.7K |
| May 21, 2026 | OLeary Christopher D Director | Award | 2,905 | $119.7K |
| May 21, 2026 | CARLSON LEROY T JR Vice Chair | Tax withheld | 2,198 | $90.6K |
| May 21, 2026 | Hanley Joseph R SVP-Strategy & Corp Dev | Tax withheld | 1,447 | $59.6K |
| May 21, 2026 | Hanley Joseph R SVP-Strategy & Corp Dev | Option exercise | 3,265 | $134.5K |
| May 21, 2026 | Villacrez Vicki L Executive Vice President & CFO | Option exercise | 5,478 | $225.7K |
| May 19, 2026 | Hanley Joseph R SVP-Strategy & Corp Dev | Option exercise | 12,423 | $237.9K |
| May 19, 2026 | Hanley Joseph R SVP-Strategy & Corp Dev | Option exercise | 7,748 | $196.5K |
| May 19, 2026 | Hanley Joseph R SVP-Strategy & Corp Dev | Tax withheld | 14,689 | $617.8K |
| May 17, 2026 | Villacrez Vicki L Executive Vice President & CFO | Tax withheld | 14,022 | $567.9K |
| May 17, 2026 | CARLSON LEROY T JR Vice Chair | Option exercise | 713,344 | $28.89M |
| May 17, 2026 | Villacrez Vicki L Executive Vice President & CFO | Option exercise | 29,833 | $1.21M |
| May 17, 2026 | Villacrez Vicki L Executive Vice President & CFO | Tax withheld | 39,089 | $1.58M |
| May 17, 2026 | Villacrez Vicki L Executive Vice President & CFO | Option exercise | 86,956 | $3.52M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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