Want to see PHI full AI Analyst Report?
EarningsQ2 2026 Earnings Report
PHI Q2 2026 EPS Results
Actual EPS$0.57
Consensus EPS$0.60
Beat/MissMissed by -$0.03
One Year Ago EPS$0.68
PHI Q2 2026 Revenue Results
Actual Revenue$909.85M
Expected Revenue$886.78M
Beat/MissBeat by +$23.07M
YoY Revenue Growth-5.69%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeTBA
Conference CallThursday, July 30, 2026
PHI Upcoming Earnings
PLDT's next earnings date is estimated for October 29, 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
Q2 2026
Earnings Call Date:Jul 30, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a generally constructive picture: revenue and EBITDA are stable with a clear shift toward higher-margin data, enterprise and digital services. Enterprise, data center (VITRO) and Maya show strong growth trajectories and strategic positioning. Management demonstrated discipline on costs and capital, reducing CapEx intensity and maintaining margins while continuing to invest selectively. Near-term headwinds include a H1 revenue lag in Home from installation disruptions, higher depreciation/IFRS16 effects weighing on core income, some operating cost pressures and ongoing deleveraging needs. Overall, positives (sustained EBITDA growth, enterprise and Maya momentum, network awards, dividend policy and improved CapEx efficiency) outweigh the lowlights, though execution on asset monetization, margin protection and leverage reduction will be key to sustain momentum.Company Guidance
Stable Top-Line and Service Revenue Growth
Consolidated gross service revenues grew 2% to PHP 108.7B; service revenues net of interconnection increased 1% to PHP 97.8B. Excluding legacy services, revenues grew 2% to PHP 89.2B, which now represent 91% of total revenue.
Resilient EBITDA and Margin
EBITDA reached PHP 56.1B for the first half, the fifth consecutive semester of growth (from PHP 53.9B in H1 2024), with a stable EBITDA margin of 52%.
Enterprise and Data/ICT Momentum
Enterprise revenues rose 5% to PHP 24.8B; corporate data and ICT up 5% to PHP 18.4B. ICT revenues increased ~22%, with tech services growth cited at 35% (ePLDT tech services specifically noted as +37%). PLDT Global (+30%), Smart enterprise (+15%) and VITRO (+13%) all reported strong growth.
VITRO Data Center Expansion and Positioning
VITRO data center revenues grew 13%; activated IT-ready capacity ~34 MW with next 10 MW targeted for activation by year-end and potential to expand to 62.4 MW (>80% upside). VITRO Santa Rosa holds TIA-942 Rated 3 and LEED Gold certifications; VITRO positioned for demand supported by Executive Order 119.
Wireless Stabilization and Strong Network Recognition
Wireless consumer revenues broadly stable at PHP 42.1B; mobile data & FWA grew to PHP 38.7B. Active data users reached 44.1M; data traffic +12% to 3,273 PB; 5G devices at 12.5M (21% of devices). Smart won 8 OpenSignal awards and Ookla Speedtest awards (Fastest Mobile Network, Best Mobile Network, Best Mobile Video Experience).
Improving Home Operating Indicators
Home revenues were PHP 30B (down 1% but recovering); fiber net adds improved to 97,000 in Q2 (more than double Q1 trend). Postpaid net adds turned positive in May and monthly postpaid churn improved to 1.4% (blended churn 1.8%). ARPU remains industry-leading at PHP 1,330.
Stronger Cash Generation, Lower CapEx Intensity
H1 CapEx was PHP 20.7B (down from PHP 27.4B a year ago), reducing CapEx intensity to 19% of service revenues from 26% last year; full-year CapEx guidance remains mid-PHP 50B. Free cash flow focus and asset monetization initiatives in progress.
Maya Continued Scale and Financial Growth
Maya remained profitable and scaled: deposit balances PHP 86B (+71% YoY), loans outstanding PHP 39B (+56% YoY), loan-to-deposit ratio 45%, gross NPL 4.8% and annualized net interest margin at 17.3%. Maya holds ~53% of POS terminals nationwide (Dec 2025).
Balance Sheet and Capital Management
Net debt at PHP 287.3B with net debt/EBITDA ~2.57x; average debt maturity >6 years and average pre-tax interest cost improved to 5.05% (from 5.43%). PLDT retains investment-grade ratings (S&P BBB; Moody's Baa2). Interim cash dividend declared at PHP 46/share (trailing 12-month dividend yield ~8%).
Operational Efficiency and Service Improvements
Cost discipline kept cash cost base broadly stable (cash OpEx, subsidies & provisions ~PHP 41.7B) while funding growth areas. Service improvements include Store Genie (AI tool) achieving ~10x faster inquiry resolution, halving ticket escalations and avoiding >61,000 hours of customer waiting time.
PHI 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