Swisscom stock posts higher nine-month profit, confirms 2026 outlook

Swisscom reported stronger earnings for the first nine months of 2026 on Thursday, November 5, while group revenue declined. In its Q3 2026 results release, the telecom group said net income rose 2.4 percent to CHF 1,011 million in the nine months through September.

Revenue fell 2.1 percent year over year to CHF 10,936 million. EBITDA after lease expense, or EBITDAaL, increased 1.5 percent to CHF 3,833 million. On an adjusted basis and at constant exchange rates, revenue declined 1.5 percent while EBITDAaL gained 3.0 percent.

Cash flow and integration drive performance

Adjusted operating free cash flow rose 14.5 percent to CHF 1,790 million. Swisscom linked the improvement to stronger operating performance and lower capital expenditure. In Italy, adjusted EBITDAaL increased 7.7 percent to EUR 1,393 million, while integration synergies reached EUR 265 million in the first nine months.

The Switzerland business reported a 0.6 percent revenue decline to CHF 5,826 million. Adjusted EBITDAaL increased 1.2 percent to CHF 2,569 million. Swisscom also said its hotline, shops and service app ranked first in the latest connect tests.

Outlook remains intact

Swisscom confirmed its 2026 targets of CHF 14.7 billion to CHF 14.9 billion in revenue and CHF 5.0 billion to CHF 5.1 billion in EBITDAaL. The company expects operating free cash flow above CHF 2.0 billion and leverage below 2.3 times at year-end. If the targets are achieved, management plans to propose a dividend of CHF 27 per share for 2026, up from CHF 26.

Swisscom stock traded at 785.75 euros on Lang & Schwarz at 13:21 CET on Thursday, November 5, 2026. Investors can follow the real-time quote of Swisscom stock.

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