Telefónica Updates 2026 Outlook After Strong Third-Quarter Performance

Telefónica, S.A. released its financial results for the third quarter and nine months ended September 30, 2026. Following a strong quarterly performance, the company updated its full-year 2026 outlook. Management decided to raise the company's earnings guidance for the year, though it simultaneously reduced its revenue target. The announcement reflects the company's current assessment of its operational trajectory and financial performance for the remainder of the fiscal year.