8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
May 8, 2026·SEC
Material company update
Mar 24, 2026·SEC
Telephone and Data Systems, Inc.(TDS)Earnings, Financials & Key Ratios
TDS•NYSE
$37.09
Price updated Jul 7, 2026
AboutTelephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products. It also provides replace and repair services; Trade-In program through which it buys customers' used equipment; internet connections and all-home WI-FI services; TDS TV+, an integrated cloud television platform that offers video content; local and long-distance telephone service, VoIP, and enhanced services; and broadband, IP-based services, and hosted voice and video collaboration services. The company sells its products through retail sales, direct and indirect sales, third-party retailers, and independent agents, as well as through ecommerce and telesales. As of December 31, 2021, it offers its services to customers 5 million wireless connections, and 1.2 million wireline and cable connections. The company was incorporated in 1968 and is headquartered in Chicago, Illinois.Show more
- Revenue$1.23B-75.3%
- EBITDA$290M-71.2%
- Net Income-$6M+77.7%
- EPS (Diluted)-0.66+22.4%
- Gross Margin-5.05%-108.9%
- EBITDA Margin23.6%+16.5%
- Operating Margin-5.05%-497.8%
- Net Margin-0.51%+10.0%
- ROE-0.11%+76.3%
TDS Price & Volume
Telephone and Data Systems, Inc. (TDS) stock price & volume — 10-year historical chart
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Strategic Divestiture Drives Massive Corporate Asset Realignment
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Contracting
Profitability:Negative
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Structural Business Model Transition
Key Thesis Takeaways
- Telephone and Data Systems is undergoing a fundamental transformation, evidenced by a 73.2% year-over-year revenue decline in 2026Q1 as it pivots from legacy wireless operations toward a concentrated fiber-centric model.
- While the company has successfully reduced its total debt from $5.2 billion in 2024Q2 to $1.3 billion in 2026Q1, the sustainability of the new business model remains unproven given the reliance on non-operating income to achieve a $145.5 million net profit.
- Investors should monitor whether the remaining fiber assets can generate sufficient organic growth to offset the structural erosion of the firm's historical revenue base.
Verdict Logic
while the balance sheet has been de-risked through a reduction in total debt to $1.3 billion, the company's core operational profitability remains negative with an operating margin of -1.2% in 2026Q1.
TDS Growth Metrics
Telephone and Data Systems, Inc. (TDS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-13.4%
5 Years-25.14%
3 Years-39.01%
TTM-56.04%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM364.41%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM266.09%
Return on Capital
10 Years0.6%
5 Years-0.03%
3 Years-1.11%
Last Year-0.6%
TDS Recent Earnings
Telephone and Data Systems, Inc. (TDS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$1.11+227.6%
$0.87
Rev
$309M-1.2%
$313M
Q1 2026
Feb 20, 2026Metric
Actual
Est
EPS
$0.32+255.6%
$0.09
Rev
$331M+2.7%
$322M
Q4 2025
Nov 7, 2025Metric
Actual
Est
EPS
$0.07+216.7%
$0.06
Rev
$309M-3.4%
$319M
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.05-400.0%
$0.01
Rev
$1.2B+2.2%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $1.11vs $0.87+227.6% | $309Mvs $313M-1.2% |
| Q1 2026 | Feb 20, 2026 | $0.32vs $0.09+255.6% | $331Mvs $322M+2.7% |
| Q4 2025 | Nov 7, 2025 | $0.07vs $0.06+216.7% | $309Mvs $319M-3.4% |
| Q3 2025 | Aug 11, 2025 | $0.05vs $0.01-400.0% | $1.2Bvs $1.2B+2.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Telephone and Data Systems, Inc. (TDS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $37.09 | $3.94B | -56.20 | -75.26% | -0.51% | -0.11% | 2.05% | |
| $6.44 | $6.63B | -3.68 | -5.39% | -14.34% | -79.42% | — | |
| $12.82 | $709.23M | -18.06 | 9.08% | -16.48% | -4.58% | — | |
| $20.49 | $143.09B | 6.74 | 2.71% | 16.92% | 16.85% | — | |
| $42.59 | $177.84B | 10.49 | 2.52% | 12.46% | 16.47% | — | |
| $184.73 | $199.92B | 19.01 | 8.49% | 11.65% | 17.82% | — |
Compare TDS vs Peers
Telephone and Data Systems, Inc. (TDS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TDS SEC Filings & Documents
Telephone and Data Systems, Inc. (TDS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TDS Frequently Asked Questions
Telephone and Data Systems, Inc. (TDS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Telephone and Data Systems, Inc.'s revenue?
Telephone and Data Systems, Inc. (TDS) reported $2.13B in revenue for fiscal year 2025. This represents a 76% increase from $1.21B in 1996.
How fast is Telephone and Data Systems, Inc. growing?
Telephone and Data Systems, Inc. (TDS) saw revenue decline by 75.3% over the past year.
Is TDS profitable?
Yes, Telephone and Data Systems, Inc. (TDS) is profitable, generating $132.2M in net income for fiscal year 2025 (-0.5% net margin).
Dividend & Returns
Does TDS pay dividends?
Yes, Telephone and Data Systems, Inc. (TDS) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.
What is TDS's return on equity?
Telephone and Data Systems, Inc. (TDS) has a return on equity (ROE) of -0.1%. Negative ROE indicates the company is unprofitable.
What is Telephone and Data Systems, Inc.'s free cash flow?
Telephone and Data Systems, Inc. (TDS) generated $3.54B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.