Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the First Quarter of 2026
Rhea-AI Summary
Chunghwa Telecom (NYSE: CHT) reported unaudited consolidated results for Q1 2026: total revenue NT$59.99 billion (+7.5% YoY), operating income NT$13.10 billion, EBITDA NT$23.30 billion, and net income attributable to shareholders NT$10.11 billion. Basic EPS was NT$1.30. Revenue reached a first-quarter record, highest since 2012.
Growth was driven by ICT, mobile and broadband; international revenue rose and cash balances increased. Cash flow from operations declined year over year. Management highlighted ICT order intake records and investments in submarine capacity and AI initiatives.
AI-generated analysis. Not financial advice.
Positive
- Total revenue reached a first-quarter record of NT$59.99 billion (+7.5% YoY)
- International Business revenue increased by 10.7% to NT$2.70 billion
- Cash and cash equivalents rose by 20.8% to NT$35.10 billion
- ICT order intake hit a quarterly record, supporting future revenue pipeline
Negative
- Cash flow from operating activities fell 13.6% YoY to NT$11.19 billion
- Operating margin narrowed to 21.75% from 22.44% in Q1 2025
News Market Reaction – CHT
On the day this news was published, CHT gained 0.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CHT is modestly positive (+0.53%) while peers are mixed: CHTR -1.2%, AMX -1.02%, VIV -0.81%, versus BCE +0.46% and TU +1.18%, suggesting a stock-specific reaction to earnings rather than a broad telecom move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Q4 2025 earnings | Positive | +0.1% | Q4 and full-year 2025 revenue and EPS growth with 2026 guidance. |
| Nov 06 | Q3 2025 earnings | Positive | -0.8% | Q3 2025 revenue, EBITDA and net income growth across core segments. |
| Aug 05 | Q2 2025 earnings | Positive | +3.1% | Q2 2025 ten-year high revenue and solid ICT-driven growth. |
| May 08 | Q1 2025 earnings | Positive | -2.3% | Q1 2025 revenue, EBITDA and mobile ICT growth with strong market share. |
| Jan 23 | Q4 2024 earnings | Positive | +2.6% | Q4 2024 revenue growth and strong ICT, 5G, and broadband metrics. |
Earnings releases are generally positive and have produced a mix of small positive and occasional negative price reactions, with slightly more aligned than divergent moves.
Over the past five earnings releases, Chunghwa Telecom has consistently reported revenue and EPS growth, often setting multi-year highs. Quarterly revenues rose to NT$65.35B in Q4 2024 and NT$65.65B in Q4 2025, with EPS around NT$4.99 for 2025. ICT and 5G-driven services have been recurring growth drivers. Today’s Q1 2026 update continues this pattern, with first-quarter revenue of NT$59.99B and EPS of NT$1.30, again highlighting ICT strength and stable telecom fundamentals.
Historical Comparison
In the past five earnings releases, CHT’s average next-day move was about 0.54%, with mostly modest reactions to generally positive results.
Earnings updates show steady growth from 2024 through 2026, with recurring gains in revenue and EPS and increasing contributions from ICT, 5G, and broadband services across successive quarters.
Market Pulse Summary
This announcement highlights a strong start to 2026, with Q1 revenue reaching a record NT$59.99B and EPS of NT$1.30, both above the high end of guidance. Growth is concentrated in ICT, cloud, and AI-related services, while mobile and broadband ARPU also improved. However, operating costs rose to NT$46.89B and operating cash flow declined to NT$11.19B. Investors may watch future margins, ICT order conversion, and 5G/6G investment levels in upcoming quarters.
Key Terms
t-ifrss regulatory
ebitda financial
arpu financial
ict technical
aiot technical
5g technical
6g technical
AI-generated analysis. Not financial advice.
(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)
First Quarter 2026 Financial Highlights
- Total revenue increased by
7.5% toNT .$ 59.99 billion - Consumer Business Group revenue increased by
6.2% toNT .$ 36.73 billion - Enterprise Business Group revenue increased by
8.5% toNT .$ 18.81 billion - International Business Group revenue increased by
10.7% toNT .$ 2.70 billion - Total operating costs and expenses increased by
8.3% toNT .$ 46.89 billion - Operating income increased by
4.6% toNT .$ 13.10 billion - EBITDA increased by
3.4% toNT .$ 23.30 billion - Net income attributable to stockholders of the parent increased by
3.2% toNT .$ 10.11 billion - Basic earnings per share (EPS) was
NT .$1.30 - Total revenue, operating income, net income attributable to stockholders of the parent, and EPS all exceeded the high-end target of quarterly guidance.
"We began 2026 with a strong start, delivering financial performance across revenue, operating income, net income attributable to stockholders of the parent and EPS all exceeding our quarterly forecasts. Moreover, revenue reached a first-quarter record, the highest since 2012. These results reflect the continued strength of our business momentum," said Mr. Chih‑Cheng Chien, Chairman and CEO of Chunghwa Telecom.
"This performance was primarily driven by robust growth in our ICT business, where both recurring revenue and order intake reached new highs. Our ICT revenue grew significantly year over year, supported by strong demand across key areas such as IDC, cloud, and AIoT services, underscoring our success in capturing emerging digital and AI-driven opportunities," said Mr. Rong-Shy Lin, President of Chunghwa Telecom.
"Our mobile and broadband businesses also continued to deliver stable growth, benefiting from escalating 5G penetration and ongoing improvements in ARPU. Notably, our four value-added services all exceeded their remarkable million-subscriber thresholds, demonstrating our success in delivering value to users. These results reflect not only the resilience of our core operations, but also the effectiveness of our long-term strategy to balance stable cash-generating businesses with high-growth digital initiatives," Mr. Lin continued.
"We are committed to advancing our 6G transition and AI-powered future. Our phased 5G standalone deployment is strengthening networking founding by targeting services in select verticals and high-traffic commercial districts for the 6G era," Mr. Lin added. "Meanwhile, by building 'CHT AI Factory platform' to integrate our DeepFlow solutions, compute power, AI models and agents, we offer AI-enabled applications to customers and accelerate AI-related revenue growth in 2026. Alongside our technology advancements, ESG remains a core pillar of our long‑term strategy. We are confident in our ability to achieve sustainable growth and create long‑term value for our shareholders."
Revenue
Chunghwa Telecom's total revenues for the first quarter of 2026 increased by
Consumer Business Group's revenue for the first quarter of 2026 increased by
Enterprise Business Group's revenue for the first quarter of 2026 increased
International Business Group's revenue for the first quarter of 2026 increased by
Operating Costs and Expenses
Total operating costs and expenses for the first quarter of 2026 increased by
Operating Income and Net Income
Operating income for the first quarter of 2026 increased by
Cash Flow and EBITDA
Cash flow from operating activities, as of March 31st, 2026, decreased by
Cash and cash equivalents, as of March 31st, 2026, increased by
EBITDA for the first quarter of 2026 was
Business Highlights
Mobile
As of March 31st, 2026, Chunghwa Telecom had 13.34 million mobile subscribers, representing a
Fixed Broadband/HiNet
As of March 31st, 2026, the number of broadband subscribers slightly increased by
Fixed line
As of March 31st, 2026, the number of fixed-line subscribers was 8.57 million.
Financial Statements
Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings
NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
This press release is not an offer of securities for sale in
NON-GAAP FINANCIAL MEASURES
To supplement the Company's consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure". EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.
In managing the Company's business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business.
CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES
In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including "EBITDA". The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.
Chunghwa Telecom's management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company's operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:
- these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered to be superior to the Company's T-IFRSs financial measures; and
- these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.
Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company's results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.
About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is
Contact: Angela Tsai
Phone: +886 2 2344 5488
Email: chtir@cht.com.tw
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SOURCE Chunghwa Telecom Co., Ltd.