Swisscom stock exits the SMI as Q2 profit rises

Published on 10/05/2026 at 21:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swisscom stock carries a CHF 33.2 billion market value on October 5, 2026. Q2 EPS reached CHF 6.51, while a 17-analyst consensus targets CHF 573.70.

Editorial close-up of a trading terminal monitor displaying fictional telecom ticker data labeled TELECOM, 5G, FIBER, SIX, and SWISS alongside a rising candlestick chart and market depth panel, in a dark blue-lit office environment — Swisscom AG (CH0008742519) – Börsen-Bildschirm mit fiktiven TELECOM 5G FIBER SIX SWISS Charts und Handelsdaten, Illustration mit AI erstellt.

Swisscom (ISIN CH0008742519) was last at CHF 641 on SIX on October 5, 2026 at 5:30 p.m. CEST, while its market capitalization stood at CHF 33.2 billion. The telecom group has left the SMI and moved into the SMIM after the latest Swiss index reshuffle, according to Simply Wall St on October 4, 2026.

Profit grew despite lower revenue

Swisscom's second-quarter 2026 EPS reached CHF 6.51, up from CHF 4.99 in the second quarter of 2025. The comparison comes from Simply Wall St, which reported the results on October 5, 2026.

Net income increased 30 percent to CHF 337.0 million in Q2 2026, but revenue declined 2 percent to CHF 3.62 billion. That combination puts cost control and the integration of the Italian business ahead of top-line growth in the current earnings discussion.

SMI exit changes the benchmark

The index change places Swisscom in the SMIM, the mid-cap index for 30 liquid Swiss companies outside the SMI. Finanznachrichten reported on September 21, 2026 that Swisscom would leave the SMI and enter the SMIM as part of the rotation. The change can alter the flows of funds that track the benchmark, even though it does not change Swisscom's operating results.

Consensus stays below the share price

MarketScreener lists an Underperform consensus from 17 analysts, with an average target of CHF 573.70 and a last close of CHF 657.00 in its September 2026 overview. The average target is CHF 67.30 below the October 5 price of CHF 641, a 10.5 percent gap, according to MarketScreener. The valuation debate therefore centers on whether stronger earnings can offset revenue pressure and the lower index status.

Swisscom stock heads toward Q3 results

Swisscom stock was last at CHF 641 on SIX on October 5, 2026, up CHF 2 or 0.31 percent from the prior close. The session range was CHF 639 to CHF 645.50, while the 52-week range was CHF 545 to CHF 727, leaving the share CHF 86 below its yearly high.