Filing Flows › Shenandoah Telecommunications (SHEN) › Q3 2026
Shenandoah Telecommunications (SHEN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Shenandoah Telecommunications (SHEN) reported revenue of $93.9M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.5% from the quarter before. Operating margin was -2.1%, net loss $9.2M (9.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.9M | +0.5% | +5% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$9.2M | — | — |
| Operating cash flow | $27.8M | +14% | -9% |
What changed
Revenue was $93.9M in Q3 2026, up 5% year over year and up 1% from the previous quarter. Residential & SMB - Incumbent Broadband Markets was the largest line at 42% of revenue. Residential & SMB - Glo Fiber Expansion Markets added $6.9M year over year (up 32%), 166% of the total change. RLEC & Other declined 16%.
Operating costs exceeded revenue by $2.0M, an operating margin of -2.1%. Total costs fell 1% while revenue rose 5%. The quarter ended with a net loss of $9.2M, wider than the previous quarter's $7.7M loss. Net interest and other expense of $10.3M was the main reason.
Operating cash flow was $27.8M (down 9% year over year). Non-cash charges added back $33.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $68.8M exceeded it, leaving free cash flow of −$41.0M.
Questions
What was Shenandoah Telecommunications' revenue in the third quarter 2026?
Shenandoah Telecommunications (SHEN) reported revenue of $93.9M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.5% from the quarter before.
Was Shenandoah Telecommunications profitable in the third quarter 2026?
Operating loss was $2.0M (-2.1% of revenue) and net loss $9.2M.