Canada's BCE Q4 revenue down 0.3%, EPS falls 12.7%

BCE

05/02/2026 11:40

Overview

Canada telecom firm's Q4 revenue fell 0.3% yr/yr

Adjusted EPS for Q4 down 12.7%

Company's AI-powered solutions revenue up 31% in Q4

Outlook

BCE expects 2026 revenue growth between 1% and 5%

Company anticipates 2026 adjusted EBITDA growth of 0% to 4%

BCE forecasts 2026 free cash flow growth between 4% and 10%

Result Drivers

WIRELESS MOMENTUM - BCE continued to see strong wireless performance with improved postpaid churn and increased fibre Internet subscribers, supported by Ziply Fiber acquisition

AI SOLUTIONS GROWTH - AI-powered solutions revenue increased 31% in Q4, driven by growth at Bell Cyber and Ateko

COST REDUCTIONS - Adjusted EBITDA margin improved due to reduced operating costs from decreased sales of low-margin products and labor cost reductions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$6.40 bln
Q4 Adjusted EPS
$0.69
Q4 EPS
$0.64
Q4 Adjusted Net Income
$643 mln
Q4 Net Income
$632 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for BCE Inc is C$37.00, about 2.9% above its February 4 closing price of C$35.95

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nCNWy1FBha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)