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Swisscom AG (CH:SCMN)
:SCMN
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
7.01Last Year’s EPS
7.08Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced meaningful operational and strategic progress—particularly integration and synergy delivery in Italy, wholesale monetization, network coverage parity, early traction in AI/energy/security products, preservation of credit ratings and stable operating free cash flows—with notable financial headwinds from telco service revenue erosion, acquisition-related non-cash charges (PPA) and higher financing costs. Management presented credible actions (cost savings, SD-WAN migration, product-led growth, and synergy ramp) and a plan to grow group free cash flow in 2026, but near-term top-line pressure and acquisition accounting impacts materially temper the outlook.Company Guidance
Dividend Increase and Capital Discipline
Board recommended an 18% dividend increase to CHF 26 per share for 2025 and guidance to CHF 27 per share for 2026, supported by stable operating free cash flow and a continued focus on a strong balance sheet and rating (Moody's A2 / S&P A-).
Stable Operating Free Cash Flow after Transition Year
Group delivered stable operating free cash flow in 2025 despite the Vodafone Italy integration and financing changes; guidance for 2026 targets group operating free cash flow of CHF ~2.0 billion (up ~CHF 100m year-over-year), with Switzerland stable and Italy expected to contribute growth from synergies.
Italy Integration and Synergy Acceleration
Fastweb + Vodafone integration progressed ahead of plan: synergies ramped to EUR 95m in 2025 (overachieving the initial EUR 60m milestone by ~EUR 35m). Target run-rate synergy remains EUR 600m by 2029 and a EUR 300m synergy target for 2026 is stated as on track.
Wholesale and Infrastructure Monetization Momentum
Wholesale wireline access revenue increased 9% to CHF 203m (from CHF 186m) in 2025; more than 51% of active wholesale connections are already on FTTH, supporting resilient wholesale revenues and fiber monetization.
Network Coverage and Customer Experience Leadership
FTTH coverage at 56% in both Switzerland and Italy with targets (Switzerland 60% by year-end, Italy 65% by year-end 2026); 5G+ coverage at 89% in both countries (targets ~91–92% next year). Swisscom reported wins in brand and service tests and maintained strong NPS and record-low churn (mobile ~7.3%, broadband ~8.5%).
New Product Adoption and Growth Adjacent Businesses
Key product/adjacency traction: B2B 'beem' onboarded ~40,000 users and ~1,000 locations; Swisscom myAI reached ~67,000 consumer users; Fastweb Energia exceeded 100,000 customers (141,000 acquisitions in 2025); Italy sold ~25,000 AI licenses—showing early traction in energy, AI and security.
Cost and Operational Efficiency Achievements
Switzerland delivered telco cost savings >CHF 50m in 2025 with guidance for ~CHF 50m additional telco cost savings in 2026; backbone/core platform consolidation progressed (core IP/optical platforms reduced from 57 in 2019 to 35 in 2025, target 18 within ~2 years); copper active lines down ~20% over two years (from 2.0m to 1.6m) with ~200k decommissioned in 2025.
Debt Management and Ratings Preserved
Net debt reduced by ~CHF 600m year-over-year, leverage at ~2.4x (in-line with guidance), average interest rate ~1.86% and credit ratings preserved (Moody's A2, S&P A-).
CH:SCMN 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
CH:SCMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | CHF673.50 | CHF686.50 | +1.93% |
Nov 06, 2025 | CHF573.00 | CHF591.50 | +3.23% |
Aug 07, 2025 | CHF580.00 | CHF576.50 | -0.60% |
May 08, 2025 | CHF545.50 | CHF540.00 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Swisscom AG (CH:SCMN) report earnings?
Swisscom AG (CH:SCMN) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Swisscom AG (CH:SCMN) earnings time?
Swisscom AG (CH:SCMN) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Swisscom AG stock?
The P/E ratio of Swisscom AG is N/A.
What is CH:SCMN EPS forecast?
CH:SCMN EPS forecast for the fiscal quarter 2026 (Q1) is 7.01.