Filing Flows › Shenandoah Telecommunications (SHEN) › Q2 2026 › vs Q1 2026
Shenandoah Telecommunications (SHEN) Q2 2026 vs Q1 2026 (quarter over quarter)
Shenandoah Telecommunications's revenue rose $1.3M (+1%) from $92.2M in Q1 2026 to $93.5M in Q2 2026. The biggest changes: Residential & SMB - Glo Fiber Expansion Markets +$1.5M (+6%); Residential & SMB - Incumbent Broadband Markets −$861K (-2%); Commercial Fiber +$844K (+4%).
Shenandoah Telecommunications, Q2 2026: revenue $93.5M (+6% year over year), operating margin -1.1%, net loss $7.7M, operating cash flow $24.4M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Residential & SMB - Incumbent Broadband Markets | $40.3M | $41.1M | −$861K | -2% |
| Residential & SMB - Glo Fiber Expansion Markets | $26.3M | $24.8M | $1.5M | +6% |
| Commercial Fiber | $21.4M | $20.5M | $844K | +4% |
| RLEC & Other | $5.5M | $5.6M | −$135K | -2% |
| Revenue | $93.5M | $92.2M | $1.3M | +1% |
| Income tax benefit | $2.5M | $4.1M | −$1.6M | -38% |
| Net loss | $7.7M | $15.8M | −$8.1M | -51% |
| Costs & expenses | $104M | $112M | −$8.3M | -7% |
| Operating costs | $94.5M | $103M | −$8.1M | -8% |
| Interest & other, net | $9.2M | $9.4M | −$166K | -2% |
| Cost of revenue | $32.7M | $31.8M | $879K | +3% |
| SG&A | $31.0M | $33.4M | −$2.4M | -7% |
| Other operating costs | $30.8M | $37.4M | −$6.7M | -18% |
| Operating cash sources | $32.5M | $39.3M | −$6.8M | -17% |
| Depreciation & amortization | $30.2M | $34.5M | −$4.3M | -12% |
| Share-based compensation | $2.3M | $4.8M | −$2.5M | -52% |
| Net loss absorbed | $7.7M | $15.8M | −$8.1M | -51% |
| Working capital & other | $395K | −$781K | $1.2M | — |
| Operating cash flow | $24.4M | $24.4M | $64K | +0.3% |
| Capital expenditures | $70.4M | $75.8M | −$5.4M | -7% |
| Negative free cash flow (OCF − capex) | $45.9M | $51.5M | −$5.5M | -11% |
Questions
How much did Shenandoah Telecommunications's revenue grow quarter over quarter in Q2 2026?
Shenandoah Telecommunications's revenue rose $1.3M (+1%) from $92.2M in Q1 2026 to $93.5M in Q2 2026.
What drove Shenandoah Telecommunications's revenue change in Q2 2026?
Residential & SMB - Glo Fiber Expansion Markets +$1.5M (+6%); Residential & SMB - Incumbent Broadband Markets −$861K (-2%); Commercial Fiber +$844K (+4%).