--- title: "Telephone And Data | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 309.45 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285716837.md" datetime: "2026-05-08T11:36:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285716837.md) - [en](https://longbridge.com/en/news/285716837.md) - [zh-HK](https://longbridge.com/zh-HK/news/285716837.md) --- # Telephone And Data | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 309.45 M Revenue: As of FY2026 Q1, the actual value is USD 309.45 M, missing the estimate of USD 313.28 M. EPS: As of FY2026 Q1, the actual value is USD 1.11. EBIT: As of FY2026 Q1, the actual value is USD 135.35 M. ### Overall Company Financial Performance #### Operating Revenues - Total operating revenues from continuing operations for the first quarter of 2026 were $309.5 million, a 7% increase from $290.4 million in the same period one year ago. #### Net Income - Net income attributable to Telephone and Data Systems, Inc. common shareholders from continuing operations was $129.3 million for the first quarter of 2026, compared to - $23.2 million in the same period a year ago. - Net income attributable to Telephone and Data Systems, Inc. common shareholders was $127.288 million for the three months ended March 31, 2026, compared to - $9.836 million for the three months ended March 31, 2025. #### Operating Income (Loss) - Total operating income was $143.818 million for the three months ended March 31, 2026, compared to an operating loss of - $33.934 million for the same period in 2025. #### Cash Flow - Net cash provided by operating activities was $67.461 million for the three months ended March 31, 2026, compared to $185.609 million for the same period in 2025. - Free cash flow from continuing operations was - $81.113 million for the three months ended March 31, 2026, an improvement from - $107.690 million for the same period in 2025. ### Segment Performance #### TDS Telecom - **Revenue**: Total operating revenues were $249.572 million for the first quarter of 2026, a 3% decrease from $257.360 million in the prior year, with $6 million of this reduction due to divestitures of non-strategic assets. - Residential revenue decreased by 3% to $178.596 million, with Incumbent residential revenue down 10% to $77.292 million, Expansion residential revenue up 27% to $43.562 million, and Cable residential revenue down 10% to $57.742 million. - Commercial revenue decreased by 5% to $32.795 million, and Wholesale revenue decreased by 1% to $38.117 million. - **Operating Income (Loss)**: Reported an operating loss of - $3.732 million for the first quarter of 2026, compared to an operating loss of - $141 thousand in the same period of 2025. - **Operational Metrics**: Delivered 40,000 marketable fiber services addresses in Q1 2026 and grew fiber connections with 10,900 residential fiber net additions. Total residential broadband net additions were 100. Residential fiber churn was 1.3% and total residential broadband churn was 1.8%. Residential revenue per connection was $66.41. - **Capital Expenditures**: $125.963 million for the three months ended March 31, 2026. - **Adjusted EBITDA (Non-GAAP)**: $73.838 million for the three months ended March 31, 2026, compared to $76.323 million in 2025. - **Adjusted OIBDA (Non-GAAP)**: $71.305 million for the three months ended March 31, 2026, compared to $72.985 million in 2025. #### Array - **Revenue**: Total operating revenues increased by 93% to $52.012 million for the first quarter of 2026 from $26.984 million in the prior year. Site rental revenues grew 92% year over year to $51.024 million. - **Operating Income (Loss)**: Reported an operating income of $160.785 million for the first quarter of 2026, compared to an operating loss of - $29.627 million in the same period of 2025, which includes a - $156.635 million gain on license sales and exchanges. - **Operational Metrics**: Owned towers totaled 4,452, and the number of colocations was 4,290 as of March 31, 2026. The tower tenancy rate was 0.96. Array closed on the sale of certain 700 MHz wireless spectrum licenses for total proceeds of $74.8 million on May 5, 2026. On January 13, 2026, Array closed on the sale of certain 3.45 GHz and 700 MHz wireless spectrum licenses for $1,018.0 million, with Telephone and Data Systems, Inc. recording a book gain of $150.9 million ($114.7 million net of tax expense) during the first quarter of 2026. - **Capital Expenditures**: $8.645 million for the three months ended March 31, 2026. - **Adjusted EBITDA (Non-GAAP)**: $62.462 million for the three months ended March 31, 2026, compared to $21.222 million in 2025. - **Adjusted OIBDA (Non-GAAP)**: $17.845 million for the three months ended March 31, 2026, compared to - $17.363 million in 2025. - **Adjusted Free Cash Flow (Non-GAAP)**: $30.653 million for the three months ended March 31, 2026. ### Outlook / Guidance - Telephone and Data Systems, Inc. reaffirmed its full-year 2026 guidance for both TDS Telecom and Array. For TDS Telecom, total operating revenues are estimated to be $1,015-$1,055 million, Adjusted OIBDA $300-$340 million, Adjusted EBITDA $310-$350 million, and capital expenditures $550-$600 million. For Array, total operating revenues are estimated to be $200-$215 million, Adjusted OIBDA $50-$65 million, Adjusted EBITDA $200-$215 million, and capital expenditures $25-$35 million. ### Related Stocks - [TDS.US](https://longbridge.com/en/quote/TDS.US.md) ## Related News & Research - [A Look At Telephone And Data Systems’ Valuation As It Shifts From Wireless To Towers And Fiber](https://longbridge.com/en/news/284431541.md) - [FS KKR Capital to post investor presentations on website after market close](https://longbridge.com/en/news/286815114.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Bally’s Corporation Reports First Quarter 2026 Results | BALY Stock News](https://longbridge.com/en/news/286814213.md) - [Donaldson Company dividend preview: 30-year growth streak set to continue](https://longbridge.com/en/news/286805354.md)