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Benzinga

Charter analysts cut forecasts after 2026 Q2 results

AI Market Summary
Charter's Q2 2026 results beat revenue and adjusted EPS expectations, but net broadband customer losses worsened materially, reinforcing concerns about subscriber-driven growth durability. Management reiterated a roughly $11.4B 2026 capex plan, implying steady network investment despite slowing top-line momentum. Shares rose modestly, yet analyst forecast cuts highlight a mixed setup where earnings quality is offset by deteriorating core demand indicators.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.21%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Charter Communications (NASDAQ: CHTR) reported 2026 second-quarter revenue of $13.53 billion, down 1.7% year over year and slightly above the $13.51 billion consensus estimate. Adjusted earnings were $10.66 per share, topping expectations of $10.14. The company posted a net loss of 172,000 internet customers, while video customer losses narrowed to 21,000. Charter reiterated its 2026 capital expenditure forecast of about $11.4 billion.