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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Swisscom
Swisscom (SCMN) investor relations material
Swisscom Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 revenue was CHF 3,715mn, down 0.4% YoY; 9M revenue fell 2.1% to CHF 10,936mn, while EBITDAAL rose 1.5% to CHF 3,833mn.
Adjusted 9M EBITDAAL grew 3.0% to CHF 3,946mn and adjusted OpFCF increased 14.5%; FY 2026 guidance was confirmed.
Service-revenue declines eased in Switzerland and Italy; strategic priorities, cost savings and Italy integration synergies progressed.
Financial highlights
Q3 revenue declined CHF 14mn YoY; Switzerland fell CHF 9mn while Italy was stable. Adjusted Q3 EBITDAAL rose CHF 21mn, led by Switzerland.
9M OpFCF rose 11.5% to CHF 1,790mn; adjusted OpFCF increased CHF 248mn, or 14.5%.
9M net income increased 2.4% to CHF 1,011mn and EPS rose 2.4% to CHF 19.53.
9M capital expenditure was CHF 2,043mn, down 5.9%; reported free cash flow was CHF 1,445mn, with working-capital timing affecting the comparison.
Outlook and guidance
FY 2026 guidance confirmed: revenue CHF 14.7–14.9bn, EBITDAAL CHF 5.0–5.15bn, CapEx CHF 3.0–3.1bn and OpFCF above CHF 2.0bn.
Leverage guidance is below 2.3x; OpFCF and leverage expectations were described as slightly better.
If 2026 guidance is met, a CHF 27/share dividend is planned for proposal at the 2027 AGM, subject to shareholder approval.
Italy service-revenue decline is expected to improve substantially again in 2027, though revenue is still expected to decline.
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Latest events from Swisscom
- Higher earnings and cash flow in 2023 underpin 2024 guidance and a proposed CHF 22 dividend.SCMN
Q4 2023 - EBITDAAL and cash flow rose despite lower revenue; 2026 guidance and dividend hike confirmed.SCMNQ2 2026
- Stable EBITDA/EBITDAAL and strong free cash flow, with guidance and dividend increase confirmed.SCMNQ1 2026
- AGM approved record dividend, strategic AI and network investments, and all board proposals.SCMNAGM 2026
- Annual profit fell to CHF 180 million, with a CHF 26 per share dividend proposed.SCMNQ4 2025 (Media)
- Stable free cash flow, strong synergies, and a CHF 26 dividend proposed despite profit drop.SCMNQ4 2025
- Stable Q3 results, Fastweb growth, and Vodafone Italia acquisition on track for Q1 2025.SCMNQ3 2024
- Q2 revenue up 1.8% YOY, guidance confirmed, Vodafone Italia deal and FiberCop sale support growth.SCMNQ2 2024
- Stable 2024 results, Vodafone Italia integration, and higher 2026 dividend guided.SCMNQ4 2024
Next Swisscom earnings date
Q4 202611 Feb, 2027
Swisscom
Next Swisscom earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Swisscom AG is a telecommunications provider offering mobile, fixed-line, internet, and digital television services. The company serves residential, business, and wholesale customers with communication and IT solutions. It also operates data centers and cloud infrastructure within Switzerland. The company is headquartered in Worblaufen, Switzerland, and its shares are listed on the SIX.