Executive Overview

Chunghwa Telecom Co., Ltd. (CHT) reported on February 5 2026 that its fourth‑quarter 2025 earnings call produced a headline‑making result: the company logged the highest earnings‑per‑share (EPS) in a decade. The announcement came amid a backdrop of modest revenue contraction in both the information‑and‑communication‑technology (ICT) segment and international subsidiaries, yet the company’s market position has been reinforced by a combination of robust domestic operations and strategic investments in high‑growth infrastructure.

Earnings Highlights

  • Record EPS – CHT’s EPS surged to a new decade‑high, surpassing the 2024 level by a substantial margin. The figure reflects the firm’s disciplined cost management and the continued success of its domestic fixed and mobile communications businesses.
  • Revenue Trends – While overall revenue experienced a slight decline in ICT and international services, the core domestic Fixed Communications and Mobile Communications divisions maintained steady growth, offsetting the downturn.
  • Valuation – At a price‑to‑earnings ratio of 26.67, the company trades within a premium range that reflects investor confidence in its long‑term profitability. The 52‑week trading range (122–138 TWD) shows a tightening band, suggesting a consolidating valuation as the market digests the new earnings narrative.

Market Position and Strategic Direction

Chunghwa Telecom continues to be the leading telecommunication service provider in Taiwan, with a diversified portfolio that includes:

  • Domestic Fixed Communications – A stable revenue engine with a large installed base.
  • Mobile Communications – Rapid adoption of 5G services and an expanding subscriber base.
  • Internet Business – Growth driven by high‑speed broadband and data‑center services.
  • International Fixed Communications – Though facing revenue pressure, the segment benefits from cross‑border connectivity solutions.
  • Other Business – Ancillary services that enhance the company’s revenue diversification.

The company’s presence on the New York Stock Exchange and a market capitalization of 1.03 trillion TWD underscore its global credibility and financial resilience.

Forward‑Looking Perspective

Given the record EPS and the firm’s continued investment in high‑bandwidth infrastructure, CHT is well positioned to capture emerging opportunities in digital services and the Internet‑of‑Things (IoT) ecosystem. The company’s strategic focus on cost optimization, coupled with an aggressive rollout of next‑generation network services, should offset the current revenue softness in ICT and international subsidiaries.

Investors should monitor CHT’s quarterly guidance for indications of how the firm plans to translate its earnings momentum into sustainable growth, particularly in the context of regional competitive dynamics and regulatory developments. The company’s disciplined approach to capital allocation and its solid balance sheet provide a buffer that can support strategic acquisitions or infrastructure upgrades as the market evolves.

In summary, Chunghwa Telecom’s Q4 2025 results confirm its status as a dominant player in Taiwan’s telecommunications landscape while signalling a robust trajectory for future earnings and shareholder value creation.