Telkom Indonesia stock reports 6 percent Q2 revenue growth

Published on 10/07/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telkom Indonesia stock was last at USD 12.86 on October 6, 2026, while one analyst set a USD 17.00 average target. Q2 revenue rose 6 percent year over year.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia (ISIN US7156841063) stock was last at USD 12.86 on the NYSE on October 6, 2026, down 0.23 percent from the prior close. The company reported Q2 2026 revenue of IDR 38.7 trillion, up 6 percent year over year, according to Investor.id on September 14, 2026.

Q2 revenue reaches IDR 38.7 trillion

Telkom's Q2 net income climbed 28 percent year over year to IDR 6.3 trillion, while EBITDA increased 11 percent to IDR 19.5 trillion, the same Investor.id report said. The figures point to stronger profit conversion than revenue growth, although the company remains exposed to changes in customer mix and pricing.

For the first half of 2026, revenue reached IDR 75.9 trillion, up 4 percent year over year. Data, internet and information technology services grew 13 percent during the period, helping offset weaker contributions from several legacy services.

Fiber restructuring changes the story

Telkom shareholders approved a Phase 2 partial spin-off of the wholesale fiber connectivity business at an extraordinary meeting held on September 30, 2026. The transaction transfers the business to PT Telkom Infrastruktur Indonesia, a subsidiary directly owned 99.99 percent by Telkom, according to the company's Form 6-K reported by StockTitan on October 2, 2026.

The resolution received 86,639,970,429 votes in favor, equal to 99.6803783 percent of votes cast. The restructuring keeps the assets inside the group while creating a separate infrastructure vehicle, making execution and future monetization important variables for the valuation.

Consensus target stands at USD 17.00

A consensus published by Bullstory on October 6, 2026, covers one analyst and shows an average, high and low target of USD 17.00. Compared with the USD 12.86 last price, that target lies 32.2 percent above the stock price.

The market is pricing Telkom Indonesia against both improving earnings and the execution demands of the fiber transfer. TLK's market capitalization stood at USD 12.7 billion on October 6, 2026, while the 52-week range was USD 12.38 to USD 23.52.

TLK remains below its yearly high

TLK was last at USD 12.86 on the NYSE on October 6, 2026, with volume of 1,021,937 shares and a session range of USD 12.70 to USD 12.89. The stock remains USD 10.66 below its 52-week high, keeping the restructuring and earnings trajectory central to the investment case.