Filing Flows › Telephone & Data Systems (TDS) › Q3 2026
Telephone & Data Systems (TDS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Telephone & Data Systems (TDS) reported revenue of $307M for the third quarter 2026 (Q3 2026), -0.6% from a year earlier and -0.8% from the quarter before. Operating margin was -9.8%, net earnings $58.7M (19.1% of revenue).
Telephone & Data Systems, Q3 2026: revenue $307M (-0.6% year over year), operating margin -9.8%, net earnings $58.7M, operating cash flow −$108M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $307M | -0.8% | -0.6% |
| Operating profit | −$30.0M | -108% | — |
| Net earnings | $58.7M | -80% | — |
| Operating cash flow | −$108M | -294% | — |
What changed
Revenue was $306.7M in Q3 2026, down 1% year over year and down 1% from the previous quarter. Service was the largest line at 81% of revenue. Service lost $7.4M year over year (down 3%), 405% of the total change.
Operating costs exceeded revenue by $30.0M, an operating margin of -9.8%. Total costs fell 11% while revenue fell 1%. Net earnings were $45.9M. The effective tax rate was -78.8%. Non-operating items added $62.9M, 191% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$107.9M. Non-cash charges added back $90.2M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $260.8M. Capital expenditures of $197.7M exceeded it, leaving free cash flow of −$305.5M.
Questions
What was Telephone & Data Systems' revenue in the third quarter 2026?
Telephone & Data Systems (TDS) reported revenue of $307M for the third quarter 2026 (Q3 2026), -0.6% from a year earlier and -0.8% from the quarter before.
Was Telephone & Data Systems profitable in the third quarter 2026?
Operating loss was $30.0M (-9.8% of revenue) and net earnings $58.7M.