Filing Flows › Telephone & Data Systems (TDS) › Q2 2026
Telephone & Data Systems (TDS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Telephone & Data Systems (TDS) reported revenue of $309M for the second quarter 2026 (Q2 2026), +4% from a year earlier and -0.1% from the quarter before. Operating margin was 120.7%, net earnings $298M (96.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $309M | -0.1% | +4% |
| Operating profit | $373M | +160% | — |
| Net earnings | $298M | +106% | 26× |
| Operating cash flow | $55.6M | -18% | -87% |
What changed
Revenue was $309.3M in Q2 2026, up 4% year over year and roughly flat from the previous quarter. Service was the largest line at 81% of revenue. Site rental added $25.9M year over year (up 95%), 242% of the total change. Service declined 6%.
Operating profit was $373.2M, a 120.7% margin (up 124.8 points year over year). Net earnings were $298.4M, up 2479% year over year. The effective tax rate was 22.5%. Non-operating items added $99.6M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $55.6M (down 87% year over year), 15% of net income including minority interests. Non-cash charges added back $88.8M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $403.8M. Capital expenditures of $168.9M exceeded it, leaving free cash flow of −$113.3M.
Questions
What was Telephone & Data Systems' revenue in the second quarter 2026?
Telephone & Data Systems (TDS) reported revenue of $309M for the second quarter 2026 (Q2 2026), +4% from a year earlier and -0.1% from the quarter before.
Was Telephone & Data Systems profitable in the second quarter 2026?
Operating profit was $373M (120.7% of revenue) and net earnings $298M.