Chunghwa Telecom Co Ltd (NYSE:CHT)

Q2 2026 Chunghwa Telecom Co Ltd Earnings Call Transcript

Aug 5, 2026 / 08:00 AM GMT

Release Date Price: $42.02 (+0.31%)

Transcript

Key Points

Positve

Chunghwa Telecom Co Ltd (CHT) delivered robust Q2 2026 results with revenue, operating income, net income, and EPS all exceeding the high end of guidance, with total revenue reaching its highest Q2 level since 2010.
The company's ICT business showed strong momentum, with revenue increasing 32% year-over-year and order intake growing 30%, with H1 contract value already matching the full-year 2025 total.
International business group performed exceptionally well, with revenue up 9% and income before tax up 31% year-over-year, driven by large-scale AI supply chain projects in the US and Southeast Asia.
Mobile service revenue grew 3.2% year-over-year, with post-paid ARPU increasing 2.4% and 5G market share maintaining the number one position at 39.4%, reflecting strong customer loyalty and premium revenue base.
The company is strategically positioned for AI growth with the launch of a new AI data center in Taoyuan (up to 36MW capacity) and a leading IDC market share of 78% in Taiwan, alongside the establishment of the ION AI Fund to build the optical ecosystem.

Negative

The company does not disclose the total capital investment required for its AIDC build-out or projected IRRs, leaving investors without clear visibility on the return profile of these significant projects.
The ION network and AI Fund are still in early stages, with management acknowledging that it will take time to generate real revenue from these initiatives, creating uncertainty about near-term financial impact.
ICT revenue shows volatility from quarter to quarter due to the project-based nature of the business, which could lead to unpredictable earnings fluctuations.
Total liabilities rose 27.1% compared to year-end 2025, driven by seasonal dividend payable recognition, although the adjusted debt ratio improved when excluding this factor.
Working capital was negatively impacted by higher inventory spending for ongoing ICT projects, which could pressure cash flow if project timelines are delayed or costs overrun.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

2412.TW - Chunghwa Telecom Co Ltd
Q2 2026 Chunghwa Telecom Co Ltd Earnings Call
Aug 05, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen. Welcome to Chonghua Telecom Conference Call for the company's second quarter 2026 operating results. During the presentation, all lines will be on listen-only mode. And when the briefing is finished, directions for submitting your questions will be given in the question-and-answer session. For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within an hour after the conference is finished. Please visit CHT IR website, www.cht.com.tw/ir under the IR calendar section. And now I would like to turn it over to Ms. Angela Tai, the Vice President of Finance. Thank you. Ms. Tai, please go ahead.

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