Swisscom AG

SCMN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	PHx	LOCK\|y#Y	LOCK\|HkYD?&

Swisscom Earnings: Improving Operations, but Valuation Remains Stretched

Javier Correonero , Andrea Burigana

Aug 6, 2026

Cost savings and synergy realizations from Vodafone’s integration supported Swisscom's second-quarter adjusted EBITDAaL of CHF 1.3 billion, up 5.5% year over year and ahead of company-compiled consensus, sending shares up 4%. Though revenue trends improved sequentially, top-line pressure persisted.

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Swisscom AG

Swisscom Earnings: Improving Operations, but Valuation Remains Stretched

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