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Chunghwa Telecom Co (CHT) Q3 2026 Earnings Report

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CHT Q3 2026 EPS Results

Actual EPS
$0.48
Consensus EPS
$0.41
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$0.39

CHT Q3 2026 Revenue Results

Actual Revenue
$762.28M
Expected Revenue
$1.91B
Beat/Miss
Missed by -$1.15B
YoY Revenue Growth
-60.62%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/04/2026
Time
Before Open
Conference Call
Wednesday, November 4, 2026
CHT Upcoming Earnings

Chunghwa Telecom Co's next earnings date is estimated for February 4, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

CHT Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 04, 2026|% Change Since:0.47%|
Earnings Call Sentiment|Positive

The call was strongly positive overall. Management reported record third-quarter financial results, broad-based growth across mobile, broadband, ICT and international businesses, strong cash flow, record ICT order intake and continued progress in AI, 5G and global expansion. The main challenges were a slight decline in Enterprise Business Group income before tax, lower ICT project margins, higher sports-rights and personnel-related costs, reliance on a one-time asset revitalization contribution, and a prior-year comparison affecting international ICT. These lowlights were outweighed by the breadth and strength of the reported operating and financial improvements.

Company Guidance

Management is “quite confident that we will exceed our full year's forecast” and said the results “reinforce our confidence in meeting and potentially exceeding our full year guidance”; stand-alone 5G population coverage is “expected to exceed 50% by the end of 2026,” with nationwide coverage to follow in 2027 and network slicing functionality expected in 2027, while 5G penetration is anticipated to “surpass 50% by year-end.” Management expects fixed broadband “growth dynamics to continue alongside the ongoing digital demand,” does not expect “a contribution of similar size in the near term” from asset revitalization, expects ICT margins to improve, and expects recurring revenue to play a larger role, especially as Linkou AIDC comes online.

  • Record Third-Quarter Financial PerformanceThird-quarter revenue, operating income, net income, EBITDA and EPS all exceeded the upper end of guidance and reached their highest levels for any third quarter since 2009. Consolidated revenue was TWD 67.59 billion, up 16.7% year-over-year; income from operations increased 27.1%; net income grew 29.5%; and EPS reached TWD 1.57.
  • Strong EBITDA and ProfitabilityThird-quarter EBITDA increased 16.1% year-over-year to TWD 25.66 billion, representing an EBITDA margin of 37.97%. Income from operations grew faster than revenue due to the one-time asset revitalization contribution, stronger earnings at Chunghwa Precision Test and resilient core telecom operations.
  • Solid First-Nine-Month ResultsFor the first nine months, revenue increased 10.8% year-over-year to TWD 188.95 billion, income from operations rose 12.3% to TWD 41.74 billion, net income grew 12.1% to TWD 32.97 billion, EPS increased to TWD 4.25 from TWD 3.79, and EBITDA rose 7.8% to TWD 72.48 billion.
  • Confidence in Exceeding Full-Year ForecastManagement stated that the company is confident it will exceed its full-year forecast, supported by stronger-than-expected third-quarter results and performance above the upper end of guidance across revenue, income from operations, net income, EPS and EBITDA.
  • Mobile Market Leadership and 5G GrowthMobile revenue market share reached a record 41.2%, subscriber market share was 39.9%, and 5G market share reached 39.4%, maintaining the number-one position in Taiwan. 5G penetration among smartphone users increased to 49.6% as of September, with management expecting it to surpass 50% by year-end. The average monthly fee uplift from 5G migration remained stable at 40%, while postpaid churn was low at 0.41%.
  • Mobile Service Revenue GrowthThird-quarter mobile service revenue increased nearly 3% year-over-year due to growing 5G adoption, primarily driven by high-end smartphone sales and increased roaming revenue. Roaming revenue increased 18% year-over-year, while postpaid ARPU rose 2%, or TWD 11.
  • Fixed Broadband ExpansionThird-quarter fixed broadband revenue increased 3% year-over-year and subscribers grew 0.7%, driven by successful speed upgrades. Sign-ups for 300 megabits per second and above grew 14.4% year-over-year, while sign-ups for 1 gigabit per second and above increased 52%. Customers on 300 megabits per second and above represented 43% of the fixed broadband base, and ARPU rose 1.6%, or TWD 12.
  • Growth in Multiple-Play, Wi-Fi and Video ServicesSign-ups for the multiple-play offering combining mobile, fixed broadband and Wi-Fi grew 13% year-over-year. Wi-Fi penetration among fixed broadband subscribers reached 58%. Video subscribers remained above 3 million, supported by the FIFA World Cup broadcast in June and the Asian Games in September.
  • Digital Services User GrowthConsumer cybersecurity subscribers remained above 1 million and grew 12% year-over-year. Direct carrier billing transacting users increased 5% year-over-year, with usage expanding beyond gaming to AI tools and social media.
  • Strong Enterprise ICT GrowthThird-quarter ICT revenue and recurring ICT revenue both increased 19% year-over-year. Cloud, IDC, cybersecurity and AIoT revenue grew 45%, 26%, 22% and 14%, respectively. Cloud and cybersecurity growth was driven by transportation and financial projects, IDC achieved its 10th consecutive quarter of year-over-year growth, and AIoT revenue grew with smart city and smart building project deliveries.
  • Robust ICT Order IntakeCumulative ICT order intake through September had already exceeded 1.4 times the full-year 2025 level, while third-quarter order intake increased 84% year-over-year. Growth was mainly driven by large government-related projects and AIDC installations for enterprise customers.
  • AI and Digital Infrastructure ExpansionThe company continued AI-related deployment across its businesses, expanded its collaboration with Google to broaden AI-enabled services and consumer AI adoption, and established Intelligent Vision focused on intelligence and Edge AI technologies. CHT InventAI is gaining traction with GenAI governance and AgentHub services, has seen increasing demand from the financial and public sectors, and has begun generating revenue.
  • 5G Network and Future Capabilities InvestmentThe company continued upgrading its standalone 5G network, with population coverage expected to exceed 50% by the end of 2026, primarily in metropolitan areas and along high-speed rail routes, followed by nationwide coverage in 2027. Network slicing functionality is expected to be available to consumers in 2027.
  • International Business and Network Resilience GrowthInternational subsidiaries delivered 8% year-over-year revenue growth. United States revenue increased 27%, fueled by completion of AI supply chain equipment deployment in California, while Southeast Asia revenue rose 3%. Satellite-related revenue increased 9.8% year-over-year, cumulative satellite-related wins exceeded TWD 250 million, and international private leased circuit revenue grew 33% year-over-year.
  • International Expansion MilestonesA new Guatemala branch officially launched in October as a regional base for ICT expansion across Central and South America. The company secured a data center construction project from the Guatemala government and also won follow-on ICT opportunities in Japan and the United States, along with sports-tech projects in Thailand.
  • Consumer and International Business Group GrowthConsumer Business Group revenue increased 6.3% year-over-year, supported by mobile services, fixed broadband and handset sales. International Business Group revenue increased 6.6% and income before tax grew 12.2% year-over-year, with IPLC contributing to revenue and profitability growth.
  • Strong Cash Flow and Financial FlexibilityNet cash provided by operating activities increased 9.6% year-over-year to TWD 49.84 billion. Capital expenditure totaled TWD 16.17 billion, down 6.5% year-over-year, while free cash flow increased 19.6% to TWD 33.67 billion. The company reported a debt ratio of 25.19%, a current ratio of 135.78% and a net debt-to-EBITDA ratio of 0.
  • Recurring Revenue and AIDC OpportunityManagement stated that recurring ICT revenue continues to increase year-over-year and expects recurring revenue to play a larger role as the Linkou AIDC comes online. The AIDC will serve confirmed customers under long-term contracts, and management expects more recurring revenue as capacity is rolled out and occupancy rates increase.
  • AI Hosting Demand from EnterprisesManagement reported strong interest from Taiwanese enterprises, particularly in the financial and public sectors, in deploying advanced AI models within secure local environments. Chunghwa Telecom plans to combine AIDC and IDC facilities, private cloud and network capabilities, while CHT InventAI provides AI governance and AgentHub services.
  • ESG and Industry RecognitionThe company became one of the first companies worldwide to obtain BSI's AI Mark of Trust. It was also recognized by TIME Magazine and Frost & Sullivan for leadership in sustainability, telecommunications services and 5G innovation, named among Taiwan's top 100 companies preferred by foreign institutional investors, and received multiple digital transformation honors from Harvard Business Review.

CHT Earnings History

CHT earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 04, 20272026 (Q4)0.38-0.38――
Nov 04, 20262026 (Q3)0.410.480.3921.32% (+0.08)
Aug 05, 20262026 (Q2)0.420.430.44-2.51% (-0.01)
May 07, 20262026 (Q1)0.410.410.42-0.48% (-0.00)
Feb 03, 20262025 (Q4)0.380.380.357.34% (+0.03)
Nov 06, 20252025 (Q3)0.410.390.369.75% (+0.04)
Aug 05, 20252025 (Q2)0.420.440.3912.89% (+0.05)
May 08, 20252025 (Q1)0.390.420.3711.23% (+0.04)
Jan 23, 20252024 (Q4)0.320.350.344.12% (+0.01)
Nov 06, 20242024 (Q3)0.370.360.37-1.91% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed