Far EasTone Telecommunications (4904) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached NT$29.761bn and EBITDA NT$10.09bn; operating income rose 18.3% YoY, while net income attributable to owners was NT$3.67bn and EPS NT$1.02.

• Q3 total net income in the interim statements was NT$3.781bn; 9M total net income was NT$11.681bn and net income attributable to owners NT$11.392bn.

• Growth was supported by 5G upgrades, consumer essential services, merchandise demand and ICT project deliveries; management remained confident in meeting FY guidance.

Financial highlights

• Q3 revenue rose 12.8% YoY and EBITDA 7.4% on the 2025 comparison excluding FETC; on restated 2025 figures, revenue grew 8.8% and EBITDA 2.6%.

• Q3 operating income was NT$4.95bn, up 18.3% YoY on the 2025 basis excluding FETC; EPS was NT$1.02, up 6.6% and above NT$0.97 guidance.

• Q3 restated revenue was NT$29.761bn versus NT$27.356bn; gross profit was NT$9.048bn versus NT$8.571bn.

• 9M revenue was NT$86.230bn, EBITDA NT$30.32bn and EPS NT$3.16; revenue and EBITDA each achieved 103% of FY guidance.

• 9M operating income was NT$14.874bn and net income attributable to owners NT$11.392bn; basic and diluted EPS were NT$3.16, versus NT$2.79 in restated 2025.

Outlook and guidance

• FY2026 guidance: revenue NT$117.48bn, EBITDA NT$39.83bn, operating income NT$19.00bn, net income NT$14.17bn and EPS NT$3.93; 9M results achieved 103% of revenue and EBITDA, 108% of operating income, and 110% of net income and EPS guidance.

• Management expected substantial ICT project deliveries before year-end and prioritized timely, quality Smart ICT delivery while aiming to finish 2026 strongly.

• AI service delivery had a long pipeline; plans included expanding capacity to accelerate monetization and conversion.

• A new AIDC investment remained under evaluation, with no formal project started; the Banqiao IDC was expanding by two floors, including one planned for high-performance computing.