Chunghwa Telecom (2412) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue, operating income, net income, and EPS exceeded the high end of guidance; revenue reached its highest second-quarter level since 2010.

• AI and ICT expansion included the Lunping AI data center launch, IOWN ecosystem development, and new AI semiconductor testing and supply-chain initiatives.

• ESG achievements included top supplier-engagement rankings, sustainable-finance awards, and significant emissions reductions.

Financial highlights

• Q2 revenue rose 8.2% year-over-year to NT$61.36bn; operating income increased 5.7% and EPS reached NT$1.38.

• Q2 net income rose 4.7% year-over-year to NT$10.64bn; net income and EPS exceeded forecasts by over 15%.

• Q2 EBITDA increased 4.1% to NT$23.52bn, with a 38.32% margin.

• H1 revenue increased 7.8% to NT$121.35bn; EPS was NT$2.68 basic and NT$2.67 diluted.

• H1 free cash flow was NT$21.89bn, up 23.1%; CapEx totaled NT$9.85bn, down 14.3%.

Outlook and guidance

• Management expressed confidence in achieving full-year targets, supported by H1 outperformance and robust ICT order intake.

• Growth expected in AI infrastructure, international connectivity, and data center services, particularly in the U.S. and Southeast Asia; H2 CapEx expected to increase.