Swisscom stock trades at CHF 656.50 after SMI removal

Published on 09/25/2026 at 14:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swisscom stock left the SMI on September 21, 2026, after free float held back its index ranking. Q2 revenue fell 1.95 percent to CHF 3.62 billion.

Photorealistic mobile phone tower standing on an alpine meadow with snow-capped Swiss mountain peaks in the background under a dramatic orange and pink sunset sky — Swisscom AG (CH0008742519) – Mobilfunkmast in Schweizer Alpenlandschaft bei goldenem Sonnenuntergang über schroffen Bergspitzen, Illustration mit AI erstellt.

Swisscom stock was trading at CHF 656.50 on SIX on September 25, 2026, giving the company a market capitalization of CHF 34,007,975,580. The share was unchanged against its prior close, while its 52-week range stood at CHF 545 to CHF 727.

SMI exit changes the index profile

Swisscom left the Swiss Market Index on September 21, 2026, as Sandoz and Galderma entered the blue-chip benchmark. SRF reported that Swisscom's relatively low trading activity and its free float affected the ranking.

The Swiss Confederation holds 51 percent of Swisscom, leaving 49 percent freely tradable for the index assessment, according to SRF. Swisscom was added to the SMIM, the mid-cap index for large and liquid Swiss companies outside the SMI, as reported by Investing.com.

Q2 revenue falls as EPS rises

Swisscom presented its latest quarterly figures on August 6, 2026. Revenue for the quarter ended June 30, 2026, fell 1.95 percent year over year to CHF 3.62 billion from CHF 3.69 billion, while EPS increased to CHF 6.51 from CHF 5.00, according to finanzen.ch.

The contrast matters for the stock: top-line contraction and higher earnings per share point to stronger earnings conversion in the quarter. Swisscom's Q2 2026 investor figures were valid as of June 30, 2026, according to Swisscom.

Stock remains below yearly high

At CHF 656.50, Swisscom stock stood CHF 70.50 below its 52-week high of CHF 727 and CHF 111.50 above its 52-week low of CHF 545 on September 25, 2026. The unchanged daily move leaves the index reclassification and the Q2 earnings mix as the clearest company-specific reference points.