Filing Flows › Telephone & Data Systems (TDS) › Q2 2026 › vs Q1 2026
Telephone & Data Systems (TDS) Q2 2026 vs Q1 2026 (quarter over quarter)
Telephone & Data Systems's revenue fell $169K (-0.1%) from $309M in Q1 2026 to $309M in Q2 2026. The biggest changes: Site rental +$2.2M (+4%); Service −$1.2M (-0.5%); Equipment and product sales −$1.1M (-13%). Operating margin 120.7% against 46.5% (+74.2 pts).
Telephone & Data Systems, Q2 2026: revenue $309M (+4% year over year), operating margin 120.7%, net earnings $298M, operating cash flow $55.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 120.7% | 46.5% | +74.2 pts |
| Net margin | 96.5% | 46.7% | +49.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service | $249M | $250M | −$1.2M | -0.5% |
| Site rental | $53.2M | $51.0M | $2.2M | +4% |
| Equipment and product sales | $6.9M | $8.0M | −$1.1M | -13% |
| Revenue | $309M | $309M | −$169K | -0.1% |
| Other income, net | $99.6M | $87.6M | $11.9M | +14% |
| Operating profit | $373M | $144M | $229M | +160% |
| Pre-tax earnings | $473M | $231M | $241M | +104% |
| Net earnings | $298M | $145M | $154M | +106% |
| Minority interests | $68.0M | $32.4M | $35.5M | +110% |
| Income tax | $106M | $54.4M | $52.0M | +96% |
| Operating cash sources | $391M | $235M | $157M | +67% |
| Depreciation & amortization | $88.8M | $85.9M | $2.8M | +3% |
| Share-based compensation | $4.3M | $4.2M | $110K | +3% |
| Working capital & other | $336M | $167M | $169M | +101% |
| Operating cash flow | $55.6M | $67.5M | −$11.9M | -18% |
| Capital expenditures | $169M | $149M | $19.8M | +13% |
| Negative free cash flow (OCF − capex) | $113M | $81.6M | $31.7M | +39% |
Questions
How much did Telephone & Data Systems's revenue grow quarter over quarter in Q2 2026?
Telephone & Data Systems's revenue fell $169K (-0.1%) from $309M in Q1 2026 to $309M in Q2 2026.
What drove Telephone & Data Systems's revenue change in Q2 2026?
Site rental +$2.2M (+4%); Service −$1.2M (-0.5%); Equipment and product sales −$1.1M (-13%).