Indosat Ooredoo Hutchison stock tracks Q2 profit growth

Published on 10/07/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indosat Ooredoo Hutchison stock trades at IDR 2,230 on October 7, 2026, after Q2 net income reached IDR 2.818 trillion. Twenty analysts set a target of IDR 2,821.

Indosat Ooredoo Hutchison, ID1000097405, Illustration mit AI erstellt.

Indosat Ooredoo Hutchison stock was last at IDR 2,230 on the IDX on October 7, 2026 at 3:05 p.m. WIB, up 0.45 percent from the prior close. The latest reported quarter gives the market a stronger earnings base as the Indonesian telecom group expands its AI strategy.

Q2 profit nearly doubles sequentially

According to Investing.com, Indosat generated IDR 15.432 trillion of revenue in Q2 2026, compared with IDR 15.221 trillion in Q1. That represents 1.4 percent sequential growth.

Q2 net income reached IDR 2.818 trillion, versus IDR 1.491 trillion in Q1, an 88.9 percent increase. The result matters because the company is funding a wider push into connectivity, cloud services and artificial intelligence while keeping its core mobile business at the center.

AI strategy adds execution pressure

Indosat's investor-relations page says its September 29, 2026 extraordinary shareholders meeting extended CEO Vikram Sinha's tenure and backed the next phase of its AI North Star strategy. The company also stated that Zankore has secured 200 MW of AI capacity through multi-year contracts, while RAIA Grid is supported by 86,000 kilometers of fiber, according to Indosat.

The investment case therefore depends on conversion rather than capacity alone. A September 21 analysis by Kontan cited a 2026 capex plan of IDR 23 trillion excluding GPUs and IDR 628 million in GPU investment costs stated in U.S. dollars, highlighting pressure on free cash flow during the buildout.

Consensus target stays above market price

The analyst picture is broad rather than uniform. Investing.com lists 20 analysts, including 16 Buy ratings, 3 Hold ratings and 1 Sell rating, with an average target of IDR 2,821. That target lies 26.5 percent above the IDR 2,230 price on October 7, 2026.

Recent individual views show the range of assumptions. Kontan reported that Samuel Sekuritas assigned a Buy rating with an IDR 3,000 target, while Bahana Sekuritas raised its target from IDR 2,250 to IDR 2,530 and kept a Hold rating. UBS Global Research maintained Sell with an IDR 2,470 target.

Stock remains below yearly high

Indosat's IDR 2,230 price on October 7, 2026 stood 21.8 percent below the 52-week high of IDR 2,850 and 34.3 percent above the 52-week low of IDR 1,660. Market capitalization was IDR 71.9 trillion, with 19,307,100 shares traded during the session.