Filing Flows › Telephone & Data Systems (TDS) › Q2 2026 › vs Q2 2025
Telephone & Data Systems (TDS) Q2 2026 vs Q2 2025 (year over year)
Telephone & Data Systems's revenue rose $10.7M (+4%) from $299M in Q2 2025 to $309M in Q2 2026. The biggest changes: Site rental +$25.9M (+95%); Service −$15.9M (-6%); Equipment and product sales +$744K (+12%). Operating margin 120.7% against -4.1% (+124.8 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 120.7% | -4.1% | +124.8 pts |
| Net margin | 96.5% | 3.9% | +92.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Service | $249M | $265M | −$15.9M | -6% |
| Site rental | $53.2M | $27.2M | $25.9M | +95% |
| Equipment and product sales | $6.9M | $6.2M | $744K | +12% |
| Revenue | $309M | $299M | $10.7M | +4% |
| Other income, net | $99.6M | $25.9M | $73.7M | +285% |
| Operating profit | $373M | −$12.3M | $386M | — |
| Pre-tax earnings | $473M | $13.6M | $459M | 35× |
| Net earnings | $298M | $11.6M | $287M | 26× |
| Minority interests | $68.0M | $6.2M | $61.8M | +994% |
| Income tax | $106M | −$4.2M | $111M | — |
| Operating cash sources | $391M | $102M | $289M | +282% |
| Depreciation & amortization | $88.8M | $86.0M | $2.8M | +3% |
| Share-based compensation | $4.3M | $4.8M | −$484K | -10% |
| Working capital & other | $336M | −$319M | $655M | — |
| Operating cash flow | $55.6M | $422M | −$366M | -87% |
| Capital expenditures | $169M | $86.1M | $82.8M | +96% |
| Negative free cash flow (OCF − capex) | $113M | −$336M | $449M | — |
Questions
How much did Telephone & Data Systems's revenue grow year over year in Q2 2026?
Telephone & Data Systems's revenue rose $10.7M (+4%) from $299M in Q2 2025 to $309M in Q2 2026.
What drove Telephone & Data Systems's revenue change in Q2 2026?
Site rental +$25.9M (+95%); Service −$15.9M (-6%); Equipment and product sales +$744K (+12%).