Swisscom stock gains as SMI strength supports it

Swisscom stock moves on the SIX with a 2026 market value above CHF 33 billion and a recent price around CHF 639.50. The latest half-year figures remain the key operating backdrop.

Swisscom stock (ISIN CH0008742519) traded around CHF 639.50 on the SIX Swiss Exchange on September 3, 2026, with market capitalization listed at CHF 33.0 billion and the share still inside its 52-week range of CHF 545.00 to CHF 727.00.

Half-year figures still set the tone

According to the recent market note on Swisscom, the stock was up about 0.8 percent from the opening level on September 3, 2026, while the wider SMI added 0.22 percent to 14,394.77 points the same day. That keeps the focus on valuation, not only on the daily move.

For the operating picture, Swisscom reported first-half 2026 revenue of CHF 5.45 billion, EBITDA of CHF 1.86 billion and net income of CHF 675 million. Revenue was down 0.2 percent year on year, while EBITDA rose 1.4 percent and net income increased 5.0 percent.

Profit still matters most

The comparison is straightforward: a slightly weaker revenue base came with better profitability in H1 2026. For investors, the 1.4 percent EBITDA gain matters more than the 0.2 percent revenue dip because it shows the margin story is still intact.

At the same time, the stock's 52-week band of CHF 545.00 to CHF 727.00 leaves room for the market to keep pricing in the current earnings mix rather than a fresh turnaround story.

Fiber and mobile remain central

Swisscom's core product mix still rests on fixed-line, mobile and broadband services, with fiber rollout and network quality shaping the revenue base. The half-year numbers show why that matters: CHF 5.45 billion in revenue and CHF 1.86 billion in EBITDA still leave the group tied to stable recurring cash generation rather than one-off boosts.

Stock level and setup

Swisscom stock was quoted at CHF 639.50 as of September 3, 2026, after a move of about 0.8 percent from the opening level. The combination of a CHF 33.0 billion market value and a 52-week range from CHF 545.00 to CHF 727.00 keeps the share in a comparatively tight defensive setup.

Swisscom at a glance

• Company: Swisscom Ltd.
• ISIN: CH0008742519
• Ticker: SCMN
• Trading venue: SIX Swiss Exchange
• Price (as of September 3, 2026, 12:28): CHF 639.50
• Market capitalization: CHF 33.0 billion (as of September 3, 2026)
• Sector / Industry: Telecommunication Services / Integrated Telecommunication Services
• Index membership: Swiss Market Index (SMI)