Chunghwa Telecom (2412) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached NT$59.99 billion, the highest for any Q1 since 2012, driven by strong ICT, mobile, and broadband growth.

• Net income rose to NT$10.61 billion, with EPS at NT$1.30, the highest Q1 EPS in a decade.

• The Board approved a NT$5.2 dividend for 2025, with a payout ratio of 104.2%.

• Maintained market leadership in Taiwan's mobile market, with mobile revenue market share at 41.1% and 5G subscriber share at 39.4%.

• Achieved top ESG ratings, including MSCI ESG AAA, S&P Global Top 5%, and CDP climate leadership "A" ranking.

Financial highlights

• Consolidated revenue for Q1 2026 was NT$59.99 billion, up 7.5% year-over-year.

• Net income was NT$10.61 billion, up 4% year-over-year.

• EBITDA was NT$23.3 billion, with an EBITDA margin of 38.85%.

• Free cash flow reached NT$6.65 billion.

• All key profitability metrics exceeded quarterly guidance.

Outlook and guidance

• Confident in continued ICT and AI-driven business growth, with ongoing investments in digital transformation, AI, and 6G.

• Non-mobile CapEx for 2026 raised to support IDC construction and undersea cable expansion.

• Focus on network resilience, infrastructure defense, and capacity expansion for AIoT and 5G traffic.