Telefonica Sa (TELFY)
OTHER OTC:TELFY
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.08Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: Telefonica delivered on 2025 guidance, reported yoy growth across revenue, adjusted EBITDA and adjusted operating cash flow after leases, showed Q4 acceleration, strengthened the balance sheet and upgraded 2026 free cash flow guidance to ~EUR 3bn. Core markets (Spain and Brazil) and B2B/digital units showed strong momentum and the company progressed portfolio simplification. Offsets include meaningful declines and one-off pressures in Germany and VMO2, FX headwinds, rising lease costs and near-term restructuring cash outflows. Regulatory uncertainty around consolidation and competitive pressures in consumer fixed/low-end segments add execution risk. On balance the positive operational strides, improved cash generation, balance sheet progress and upgraded guidance outweigh the material but manageable headwinds.Company Guidance
Delivered on 2025 Financial Commitments
Revenue EUR 35.1bn (+1.5% YoY constant), adjusted EBITDA EUR 11.9bn (+2% YoY), adjusted operating cash flow after leases just over EUR 5bn (+5.9% YoY). Free cash flow EUR 2.8bn (above initial base guidance ~EUR 2.7bn). Q4 acceleration: revenue +1.3% (constant), adjusted EBITDA +2.8%, adjusted operating cash flow after leases ~+13%.
Strong Commercial Momentum in Spain
Record fiber and TV net adds; highest-ever contract mobile and fixed broadband customer bases; convergent ARPU ~EUR 90; Q4 churn 0.7% (lowest since convergent proposition launch). Spain adjusted EBITDA margin ~57%. Personnel efficiency measures to deliver >EUR 250m savings by 2026 and profitable growth across revenue, EBITDA and cash generation.
Robust Performance in Brazil (Vivo)
Vivo reached all-time high accesses base; revenue increased >7% (real terms), adjusted EBITDA growth +8% in the quarter and adjusted operating cash flow after leases nearly +20% in Q4. B2C ecosystem revenues grew >20%; Vivo Total penetration rose materially (c.53% of fiber connections reported). B2B digital services close to ~40% of B2B revenue.
B2B and Telefonica Tech Growth
B2B revenue growth +7.1% for the full year and +7.3% in Q4. Telefonica Tech revenue accelerated ~20% in 2025, positioning it as an engine for digital services and recurring B2B growth (cybersecurity, cloud, IoT).
Improved Cash & Balance Sheet Metrics
Net financial debt reduced (reported ~EUR 26.8bn YoY -1.2%; year-end net debt ~EUR 26.0bn and ~EUR 24.6bn after selected disposals), net debt/adjusted EBITDA 2.78x in Dec (down from 2.87x in Sep) with target ~2.5x by 2028. Liquidity EUR 17.4bn. Average cost of debt reduced by 0.21 pp to 2.98%. Successful capital markets access including EUR 1.8bn green hybrid and EUR 1bn green bond issuance.
Portfolio Simplification and Hispam Exits
Accelerated portfolio transformation: sold 6 of 8 Hispam markets (Argentina, Peru, Ecuador, Uruguay, Colombia and others classified as discontinued operations), completed further disposals (Chile and Colombia in 2026). Reduced exposure to non-core markets to focus on core Europe & Brazil.
Upgraded 2026 Guidance and Clear Capital Allocation
2026 guidance upgraded: constant revenue and adjusted EBITDA growth of 1.5%–2.5%; CapEx/sales ~12%; adjusted operating cash flow after leases growth >2%; free cash flow guidance upgraded to ~EUR 3.0bn (upper end of CMD range). Dividend reconfirmed at EUR 0.15 per share and 3- and 5-year targets reconfirmed.
Network & Technology Leadership
5G population coverage in Germany reached 99%; continued fiber and 5G rollouts and copper switch-off in Spain (and starting in Brazil). Investments in automation and AI-based personalization highlighted. Telefonica Infra subsea cable EBITDA margin >45%; fiber deployment accounted for 24% of group deployment.
TELFY 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
TELFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $4.47 | $4.72 | +5.53% |
Feb 24, 2026 | $4.30 | $4.30 | -0.09% |
Nov 04, 2025 | $4.74 | $4.10 | -13.50% |
Jul 30, 2025 | $5.12 | $5.02 | -1.89% |
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 Telefonica Sa (TELFY) report earnings?
Telefonica Sa (TELFY) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Telefonica Sa (TELFY) earnings time?
Telefonica Sa (TELFY) earnings time is at Jul 29, 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 TELFY EPS forecast?
TELFY EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.