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Charter Communications (MX:CHTR)
:CHTR
Mexico Market
EarningsQ2 2026 Earnings Report

Charter Communications (CHTR) Q2 2026 Earnings Report

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MX:CHTR Q2 2026 EPS Results

Actual EPS$189.07
Consensus EPS$177.01
Beat/MissBeat by +$12.06
One Year Ago EPS$162.82

MX:CHTR Q2 2026 Revenue Results

Actual Revenue$239.91B
Expected Revenue$239.66B
Beat/MissBeat by +$251.81M
YoY Revenue Growth-1.74%

Earnings Announcement Details

QuarterQ2 2026
Date07/24/2026
TimeBefore Open
Conference CallFriday, July 24, 2026
MX:CHTR Upcoming Earnings
Charter Communications's next earnings date is estimated for October 30, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:CHTR Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Jul 24, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mix of clear strategic strengths (rapid mobile growth, video loss improvement, converged gigabit-plus network, substantial rural expansion, a path to meaningful CapEx reduction and planned synergies from the Cox acquisition) alongside near-term operational and financial headwinds (notably continued broadband subscriber declines, a modest YoY revenue and EBITDA decline, higher-than-expected transition costs, and elevated leverage). Management emphasized confidence in future free cash flow ramp, active liability management and a detailed integration playbook for Cox, but acknowledged that broadband growth recovery timing is uncertain. Overall, positives around long-term strategic positioning and capital efficiency are balanced by short-term execution and competitive pressures in broadband.
Company Guidance
Charter updated its financial and operating outlook: standalone 2026 EBITDA (ex‑Cox transition costs) is expected to decline about 1% YoY, standalone CapEx is ~ $11.4B for 2026 (Q2 CapEx $2.9B) with run‑rate CapEx targeted below $8B by 2028 (management says this equates to >$30 of FCF per share), Q2 free cash flow was $1.0B (≈$75M below prior year), Q2 cash taxes were $101M and calendar 2026 cash taxes are expected to be $500–$800M. Capital‑structure targets and liquidity actions include ending Q2 with $94B of debt principal, weighted‑average debt life 11.7 years, cost of debt ~5.2% (annualized cash interest ~$4.9B), net debt/LTM adjusted EBITDA of 4.18x (4.21x pro forma Liberty Broadband), an expected pro‑forma ratio just above 3.9x at end‑Q3 assuming the Cox/Liberty deals and exchange offer succeed, and a post‑transaction leverage target of a flat 3.5x within 3 years (share buybacks paused through Q3, to resume in Q4); Q2 repurchases included 4M shares for $838M and ~$1.2B of debt repurchases (~$1B cash, capturing ~$250M discount), and a capped exchange offer targets $20B par value of bonds. Operational guidance and deal metrics: Q2 consolidated revenue fell 1.7% YoY (–0.8% excl. advertising and programmer app allocation), adjusted EBITDA down 4.3% (3.2% ex transition expenses), Internet net loss of 172k customers in Q2, video loss of 21k (vs –80k in 2Q'25), +406k mobile lines in Q2 and +1.7M over 12 months (now >12.5M mobile lines, 16% growth), Q2 Cox transition expenses were $65M, management expects at least $800M of run‑rate transaction synergies (likely to grow toward $1B), and the combined company is projected to represent roughly $67B of revenue and $28B of EBITDA with ~1.3M miles of network, >70M passings and ~37M customers.
Strong Mobile Growth
Added over 400,000 Spectrum Mobile lines in Q2 and 1.7 million lines over the last 12 months (16% growth). Spectrum now has over 12.5 million mobile lines and is the fastest-growing mobile provider in its footprint.
Material Improvement in Video Losses
Video customer loss improved to 21,000 in 2Q26 versus a loss of 80,000 in 2Q25 (59,000 fewer losses year-over-year), driven by product improvements, app inclusions and new pricing/packaging.
Rural Growth and Passings Expansion
Subsidized rural footprint generated 47,000 net customer additions in the quarter. Subsidized rural passings grew by 127,000 in 2Q26 and by 487,000 over the last 12 months, supporting long-term customer growth opportunities.
Fully Deployed Converged Gigabit-Plus Network
Charter reported a fully deployed, fully converged gigabit-plus network across its footprint, positioning the company for convergence-led upsell (mobile + broadband + video) and future AI/edge opportunities.
CapEx Reduction and Free Cash Flow Upside
2Q26 CapEx totaled $2.9 billion (flat YoY). Standalone 2026 CapEx guidance ~ $11.4 billion with a planned trajectory to below $8 billion run-rate post-evolution (by 2028). Management quantified this reduction as equivalent to over $30 of free cash flow per share and highlighted substantial free cash flow ramp potential.
Active Liability Management and Share/ Debt Repurchases
Repurchased 4 million shares for $838 million (avg $210) in the quarter and repurchased over $1.2 billion of own debt for ~$1.0 billion cash, capturing approximately $250 million of discount. Launched a capped exchange offer targeting $20 billion of par value to accelerate deleveraging.
Cox Transaction Strategic Upside and Synergies
Cox deal expected to close mid–late August. Pro forma combined company projected to generate ~ $67 billion revenue and ~ $28 billion EBITDA. Management expects run-rate transaction expense synergies of at least $800 million per year and believes this could grow toward $1 billion, along with significant cross-selling, onshoring of service, and frontline hiring.
Churn Benefits from Bundling
Management highlighted that Internet customers who also buy mobile churn nearly 40% less; mobile penetration of Internet customers is ~20% with average just below 2 lines per mobile customer — indicating significant upside from increased bundling/penetration.

MX:CHTR Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Oct 30, 2026
2026 (Q3)
170.75 / -
147.925―
2026 (Q2)
177.01 / 189.07
162.82416.12% (+26.25)
2026 (Q1)
176.59 / 162.65
149.3448.91% (+13.30)
2025 (Q4)
173.43 / 183.40
179.1422.38% (+4.26)
2025 (Q3)
163.64 / 147.92
156.438-5.44% (-8.51)
2025 (Q2)
169.95 / 162.82
150.5858.13% (+12.24)
2025 (Q1)
149.54 / 149.34
133.91311.52% (+15.43)
2024 (Q4)
163.32 / 179.14
125.39942.86% (+53.74)
2024 (Q3)
152.64 / 156.44
146.3286.91% (+10.11)
2024 (Q2)
141.49 / 150.59
142.7815.47% (+7.80)
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