Telecom Italia holds guidance as Q1 2026 revenues rise and leverage eases

Telecom Italia SPA ( (IT:TITR) ) has issued an announcement.

Telecom Italia (TIM), a leading telecom operator in Italy with significant operations in Brazil, reported first‑quarter 2026 organic revenues of €3.3 billion, up 1.4% year on year, with service revenues rising 2.3% and group leverage kept below 2x. Despite a temporary slowdown in domestic wholesale revenues due to the transition of major MVNO clients, the company maintained EBITDA after lease at €0.8 billion, held investments at 12.5% of revenues, and confirmed its 2026 guidance while emphasizing further debt reduction.

TIM Consumer delivered resilient revenue performance driven by retail price increases and higher ARPU, while TIM Enterprise posted its fifteenth consecutive quarter of growth, led by double‑digit cloud expansion and rising ICT revenue share. TIM Brasil continued to outperform with robust top‑line and EBITDA after lease growth, and the group is accelerating its push into digital sovereignty and AI infrastructure, backed by a planned €500 million investment through 2028 and recognition as Europe’s leading telecom in a major sustainability index.

The most recent analyst rating on (IT:TITR) stock is a Hold with a EUR0.55 price target. To see the full list of analyst forecasts on Telecom Italia SPA stock, see the IT:TITR Stock Forecast page.

More about Telecom Italia SPA

Telecom Italia (TIM) is a major European telecommunications group providing fixed and mobile connectivity, cloud, ICT, and digital services, with a strong presence in Italy and a growing operation in Brazil. Through its Consumer and Enterprise divisions, TIM focuses on retail telecom, digital sovereignty infrastructure, AI workloads, and cloud solutions, positioning itself as a key player in Italy’s digital transformation.

Average Trading Volume: 44,370,359

Technical Sentiment Signal: Buy

Current Market Cap: €14.63B

For detailed information about TITR stock, go to TipRanks’ Stock Analysis page.