Telefonica Q2 2026 Revenue Rises to €16.4 bn as Spain ARPU Hits €91.1, Fiber Accesses Reach 14.2 mn, and Capex Stays on Track

Telefonica delivered stronger financial and operational performance in the first half of 2026, reporting revenue of €16.392 billion, up 1.7 percent, while adjusted EBITDA increased 3.8 percent to €5.768 billion. Telefonica Tech Adjusted net income of Telefonica from operations reached €954 million, and free cash flow from continuing operations totaled €944 million. Telefonica upgraded its 2026 adjusted operating cash flow after leases (OpCFaL) growth guidance to more than 3 percent, compared wit