Filing Flows › Shenandoah Telecommunications (SHEN) › Q3 2026 › vs Q2 2026
Shenandoah Telecommunications (SHEN) Q3 2026 vs Q2 2026 (quarter over quarter)
Shenandoah Telecommunications's revenue rose $472K (+0.5%) from $93.5M in Q2 2026 to $93.9M in Q3 2026. The biggest changes: Residential & SMB - Glo Fiber Expansion Markets +$1.9M (+7%); Residential & SMB - Incumbent Broadband Markets −$1.2M (-3%); Commercial Fiber −$260K (-1%).
Shenandoah Telecommunications, Q3 2026: revenue $93.9M (+5% year over year), operating margin -2.1%, net loss $9.2M, operating cash flow $27.8M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Residential & SMB - Incumbent Broadband Markets | $39.1M | $40.3M | −$1.2M | -3% |
| Residential & SMB - Glo Fiber Expansion Markets | $28.2M | $26.3M | $1.9M | +7% |
| Commercial Fiber | $21.1M | $21.4M | −$260K | -1% |
| RLEC & Other | $5.5M | $5.5M | $34K | +0.6% |
| Revenue | $93.9M | $93.5M | $472K | +0.5% |
| Income tax benefit | $3.0M | $2.5M | $507K | +20% |
| Net loss | $9.2M | $7.7M | $1.5M | +19% |
| Costs & expenses | $106M | $104M | $2.5M | +2% |
| Operating costs | $95.9M | $94.5M | $1.4M | +2% |
| Interest & other, net | $10.3M | $9.2M | $1.0M | +11% |
| Cost of revenue | $32.9M | $32.7M | $216K | +0.7% |
| SG&A | $29.2M | $31.0M | −$1.9M | -6% |
| Other operating costs | $33.8M | $30.8M | $3.1M | +10% |
| Operating cash sources | $37.0M | $32.1M | $4.9M | +15% |
| Depreciation & amortization | $33.7M | $30.2M | $3.5M | +11% |
| Share-based compensation | $1.3M | $2.3M | −$977K | -42% |
| Working capital & other | $2.0M | −$395K | $2.4M | — |
| Net loss absorbed | $9.2M | $7.7M | $1.5M | +19% |
| Operating cash flow | $27.8M | $24.4M | $3.4M | +14% |
| Capital expenditures | $68.8M | $70.4M | −$1.6M | -2% |
| Negative free cash flow (OCF − capex) | $41.0M | $45.9M | −$5.0M | -11% |
Questions
How much did Shenandoah Telecommunications's revenue grow quarter over quarter in Q3 2026?
Shenandoah Telecommunications's revenue rose $472K (+0.5%) from $93.5M in Q2 2026 to $93.9M in Q3 2026.
What drove Shenandoah Telecommunications's revenue change in Q3 2026?
Residential & SMB - Glo Fiber Expansion Markets +$1.9M (+7%); Residential & SMB - Incumbent Broadband Markets −$1.2M (-3%); Commercial Fiber −$260K (-1%).