EarningsQ2 2026 Earnings Report
MX:SCMNN Q2 2026 EPS Results
Actual EPS$141.27
Consensus EPS$129.03
Beat/MissBeat by +$12.24
One Year Ago EPS$108.67
MX:SCMNN Q2 2026 Revenue Results
Actual Revenue$78.57B
Expected Revenue$78.34B
Beat/MissBeat by +$224.29M
YoY Revenue Growth-1.95%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:SCMNN Upcoming Earnings
Swisscom AG's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call shows a predominantly positive operational and financial performance: profitability (EBITDAaL) and operating free cash flow improved materially, Italian integration synergies are ahead of plan and network/coverage KPIs progressed strongly. However, top-line challenges persist with service revenue declines in both Switzerland and Italy, ongoing RGU losses in some segments, and meaningful integration and MVNO migration headwinds in Italy. Management reaffirmed full-year guidance and emphasized cost discipline and cash-flow priorities, balancing solid cash/profit improvements against revenue and market-structure pressures.Company Guidance
EBITDAaL Growth
Group EBITDAaL increased 6.1% to CHF 1.269 billion year-over-year, with adjusted group EBITDAaL up CHF 92 million, reflecting strong cost control and synergy contribution (Italy and Switzerland).
Operating Free Cash Flow Expansion
Operating free cash flow reached CHF 608 million in Q2, up 23.9% year-over-year, and group operating free cash flow was higher year-to-date (up CHF ~214 million), underpinning confirmation of full-year guidance.
Italy Synergy Realization Ahead of Plan
Italy realized EUR 89 million of synergies in Q2 and EUR 166 million in H1; management is on track to deliver the EUR 300 million synergy target for the full year, with a quarterly run rate reaching ~EUR 80 million.
Improved Profitability in Italy
Italian EBITDAaL rose materially (reported up ~EUR 104 million / adjusted EUR 98 million in H1), driven by MVNO synergies, contribution margin improvements and lower indirect costs (noting phasing effects).
Network and Coverage Progress (CH & IT)
Switzerland: 5G+ coverage up 2.5% to 90% and FTTH coverage up 4% to 58%; Italy: 5G+ up 3% to 90% and FTTH up 8% to 61%. Over 1 million Swiss customers migrated to the new 5G stand-alone core.
Wholesale and Broadband Momentum
Swiss wholesale broadband net adds +14,000 in Q2 (same as Q1) contributing to wireline service revenue growth (+10% / ~CHF 5 million). In Italy, broadband net adds +49,000 in Q2 (+22% YoY).
Energy Business Scaling
Combined energy RGUs reached 141,000 and are expected to generate slightly over CHF 100 million in top-line in 2026, with double-digit B2B energy growth expected from convergent offers.
Cost Savings and CapEx Phasing
Switzerland delivered CHF 42 million of cost savings in H1 and targets at least CHF 50 million for the year; group CapEx was down ~CHF 131 million YoY in H1 (seasonal / phasing), supporting FCF improvement.
MX:SCMNN Earnings History
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