TDS · Telephone & Data Systems Inc /De/
$35.39
+0.19 (+0.54%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$4.13B
Shares
115.10M
Volume · Oct 2
1.43M
Avg daily vol (3M)
1.28M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$35.20
Open$33.98
Day$33.72–35.45
52W close$32.98–47.59
Avg vol 30d1.5M
Short int6.0M · 5.2% float · 4.0d
Short vol52%
Last earningsAug 7, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 5 wks
filed Aug 7, 2026
call held Aug 7, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.26B
Trailing 12 months
Net income (TTM)
$417.68M
Trailing 12 months
Revenue growth YoY
+3.6%
Year over year
Operating margin
37.0%
Trailing 12 months
P / E (TTM)
11.7
Trailing earnings · reciprocal yield 8.5%
FCF yield
-11.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.9%
Year over year · more shares
Price change (1Y)
-10.7%
Trailing year
Short interest
5.2%
Latest settlement · 4.0 days to cover
AI Brief
Q2 FY26 earnings call · Aug 7, 2026
Q2 FY26
TL;DR. TDS lowered 2026 TDS Telecom revenue and tightened EBITDA guidance as legacy copper/cable declines persist, though it raised its 2026 fiber address delivery outlook. Array raised 2026 Adjusted EBITDA/OIBDA guidance on stronger T-Mobile interim site revenue and closed major spectrum sales with T-Mobile and Verizon.
Bullish
- + Array raised 2026 Adjusted EBITDA guidance to $220-$235M and Adjusted OIBDA to $60-$75M on higher T-Mobile interim site revenue.
- + Array site rental revenue grew 95% year over year and cash site rental revenue increased 65% (normalized for DISH).
- + Array closed spectrum transactions with T-Mobile ($168M) and Verizon ($1B) during the quarter, monetizing ~70% of spectrum holdings.
Bearish
- − TDS lowered 2026 TDS Telecom total operating revenues to $1.0-$1.025B from $1.015-$1.055B and narrowed Adjusted EBITDA to $310-$330M (from $310-$350M) due to legacy copper/cable headwinds.
- − TDS Telecom cable revenue declined ~10% year-over-year and copper connection losses continue to drive faster legacy declines.
- − TDS Telecom total service revenues declined 6% in Q2 (4% ex-divestitures), and wholesale revenues dropped 19% due to discrete 2025 benefits not recurring.
- − DISH stopped paying under its contracts and filed for bankruptcy, leading Array to fully reserve outstanding 2025 balances and cease recognizing DISH revenue.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 16.4 · calm
Equity put/call 0.57
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−12%
below
Price vs 50-day avg
+0%
above
RSI (14)
47
neutral
MACD trend
Negative
52-week position
15%
mid-range
Momentum
relative strength
1-month return
−2%
trailing
6-month return
−23%
trailing
YTD return
−14%
this year
Relative strength
−36%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $35 › 200d $40 — 200d above 50d
Institutional flow
Distributing
-1% holders QoQ · +54 funds added
Insider flow
Distributing
Net -$3.0M over 90 days · 100% sells
Short interest
Falling
5.20% of float · ▼ -0.5% MoM · 4.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
353 holders — near 3-yr high, broad support
Squeeze score
63
elevated · 0–100
Fundamentals
Revenue growth
−5%
Y/Y
EPS growth
+24%
Y/Y
Free cash flow
$199.4M
Valuation
P/E 12
below peers
Buyback
$523.9M
remaining
Balance sheet
$62.7M
net debt
Quant / Vol
risk profile
Volatility
29%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
3.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jun 30, 2026
Adjusted OIBDA
· 2026
Non-GAAP
$60M – $75M
Adjusted EBITDA
· 2026
Non-GAAP
$220M – $235M
Interest in dividend income
· 2026
$15M
Guided vs delivered
· last 1 settled
Revenues
2021
guided $990M – $1.02B
$5.33B
Beat +430.2%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−12%
Bearish
Price vs 50-day avg
+0%
Bullish
RSI (14)
47
Neutral
MACD trend
Negative
Bearish
52-week position
15%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $35 › 200d $40 — 200d above 50d
Institutional flow
Distributing
-1% holders QoQ · +54 funds added
Insider flow
Distributing
Net -$3.0M over 90 days · 100% sells
Short interest
Falling
5.20% of float · ▼ -0.5% MoM · 4.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
353 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $33
Now $35 · 15%
Range high $48
vs 200-day avg -12%
vs 50-day avg +0%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA (Non-GAAP) non-GAAP | $139.23M | Three Months Ended June 30, 2026 filing | — |
| Adjusted Free Cash Flow from continuing operations non-GAAP | $6.61M | Six Months Ended June 30, 2026 | — |
| Adjusted OIBDA (Non-GAAP) non-GAAP | $77.13M | Three Months Ended June 30, 2026 filing | — |
| Array Adjusted EBITDA (Non-GAAP) non-GAAP | $119M | Six Months Ended June 30, 2026 | — |
| Array Adjusted OIBDA (Non-GAAP) non-GAAP | $33M | Six Months Ended June 30, 2026 | — |
| Array Capital expenditures from continuing operations | 3.9M | Quarter Ended 6/30/2026 | — |
| Cable | 176,100 | Quarter Ended 6/30/2026 | — |
| Capital expenditures from continuing operations | $183.63M | Three Months Ended June 30, 2026 filing | — |
| Commercial connections | 163,600 | Quarter Ended 6/30/2026 | — |
| Expansion Fiber | 179,600 | Quarter Ended 6/30/2026 | — |
| Free cash flow - continuing operations non-GAAP | -$168.03M | Six Months Ended June 30, 2026 | — |
| Incumbent Copper | 77,700 | Quarter Ended 6/30/2026 | — |
| Incumbent Fiber | 134,300 | Quarter Ended 6/30/2026 | — |
| marketable fiber service addresses | 66,000 | second quarter 2026 | — |
| Number of colocations | 4,362 | Quarter Ended 6/30/2026 | — |
| Owned towers | 4,456 | Quarter Ended 6/30/2026 | — |
| Residential fiber churn | 1.2% | Quarter Ended 6/30/2026 | — |
| residential fiber net additions | 15,100 | second quarter 2026 | — |
| Residential revenue per connection | $66.5 | Quarter Ended 6/30/2026 | — |
| Segment Adjusted EBITDA (Non-GAAP) non-GAAP | $126.58M | Three Months Ended June 30, 2026 filing | — |
| TDS Telecom Adjusted EBITDA (Non-GAAP) non-GAAP | $144M | Six Months Ended June 30, 2026 | — |
| TDS Telecom Adjusted OIBDA (Non-GAAP) non-GAAP | $140M | Six Months Ended June 30, 2026 | — |
| TDS Telecom Capital expenditures | 179.2M | Quarter Ended 6/30/2026 | — |
| Total Broadband | 567,700 | Quarter Ended 6/30/2026 | — |
| Total connections | 1,054,200 | Quarter Ended 6/30/2026 | — |
| Total residential broadband churn | 1.7% | Quarter Ended 6/30/2026 | — |
| Total residential broadband net adds | 5,700 | Quarter Ended 6/30/2026 | — |
| Total Residential connections | 890,700 | Quarter Ended 6/30/2026 | — |
| Total residential fiber net adds | 15,100 | Quarter Ended 6/30/2026 | — |
| Tower tenancy rate | 0.98 | Quarter Ended 6/30/2026 | — |
| Video | 105,600 | Quarter Ended 6/30/2026 | — |
| Voice | 209,300 | Quarter Ended 6/30/2026 | — |
| Wireless | 8,100 | Quarter Ended 6/30/2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Telecom Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TDS
this stock
Telephone & Data Systems Inc /De/
|
$4.13B | -14.1% | -5.3% | 12.0 | 5.2% |
|
SFTBF
Softbank Group Corp.
|
$227.96B | +46.2% | — | — | 0.3% |
|
VZ
Verizon Communications Inc
|
$195.61B | +12.9% | +2.5% | 12.2 | 2.0% |
|
TMUS
T-Mobile US, Inc.
|
$177.45B | -20.3% | +8.3% | 17.3 | 1.7% |
|
T
At&T Inc.
|
$173.91B | -2.2% | +2.7% | 8.4 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TDS | -3.1% | -1.9% | -23.2% | +3.8% | -14.2% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | -2.7% | -1.7% | -35.7% | +3.6% | -26.2% |
Capital returns
Buyback program
· as of Jun 30, 2026
Authorized
—
Spent (derived)
—
Remaining
$523.90M
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1051512
CUSIP
879433829
13F (30d)
13 filings
11 filers
Visit website
Investor relations