Sunrise Communications
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Sunrise Communications (SUNN) investor relations material

Sunrise Communications Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary19 Aug, 2026

Executive summary

  • Q2 2026 revenue declined 2.6% year-over-year to CHF 712.9 million, mainly due to the lapse of prior price increases and weaker fixed subscriber growth, but commercial momentum improved with net adds of +21,000 mobile postpaid and +3,000 internet subscriptions, and lower churn.

  • Adjusted EBITDAAL fell 3.8% year-over-year to CHF 244.4 million, reflecting revenue pressure, but cost and lease optimization partly offset the decline.

  • Adjusted Free Cash Flow grew 33.3% year-over-year to CHF 204.4 million, supported by lower capex and favorable working capital seasonality.

  • Net loss for Q2 2026 was CHF 22.4 million, a 58.2% improvement from Q2 2025.

  • Management transition: new CFO Andreas Tolpeit to succeed Jany Fruytier in September, with additional executive appointments to accelerate strategic execution.

Financial highlights

  • Q2 2026 revenue: CHF 712.9 million (down 2.6% YoY); H1 2026 revenue: CHF 1,435.7 million (down 1.2% YoY).

  • Q2 2026 Adjusted EBITDAAL: CHF 244.4 million (down 3.8% YoY); H1 2026 Adjusted EBITDAAL: CHF 490.3 million (down 0.8% YoY).

  • Q2 2026 CapEx: CHF 102 million (14.3% of revenue, down 12.7% YoY); H1 2026 CapEx: CHF 235 million (down 9.4% YoY).

  • Q2 2026 Adjusted Free Cash Flow: CHF 204.4 million (up 33.3% YoY); H1 2026 Adjusted FCF: CHF 93 million (up 153.8% YoY).

  • Net cash from operating activities was CHF 467.1 million for H1 2026, up CHF 5.5 million YoY.

Outlook and guidance

  • Full-year 2026 guidance reiterated: broadly stable revenue, Adjusted EBITDAAL around CHF 1 billion, CapEx/revenue below 15%, and Adjusted FCF CHF 380–400 million.

  • Dividend per share expected to grow over 2% to CHF 3.49, subject to AGM approval.

  • H2 2026 expected to benefit from August price increases, improving subscriber trends, and ongoing cost discipline.

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Frequently asked questions

Sunrise Communications AG is a Switzerland-based telecommunications company offering mobile, internet, TV, and fixed-line services to residential and business customers. The company provides a range of telecommunications solutions, including voice, data, broadband, and entertainment packages. Sunrise operates its own infrastructure and also partners with other networks to extend service coverage across the country. Its offerings cater to individual users, small enterprises, and large corporations. The company is headquartered in Zurich, Switzerland, and its shares are listed on the SIX Swiss Exchange.