Quarterly ResultMay 7, 2026, 07:42 AM
BCE Q1 Revenue $6.17B (+4.0%); Net Earnings $667M (-2.3%); Divests Business
AI Summary
BCE Inc. reported Q1 2026 operating revenues of $6,168 million, a 4.0% increase year-over-year, driven by growth in both service and product revenues. Net earnings decreased 2.3% to $667 million, and EPS declined to $0.66. The company announced a partnership to develop a new 300 MW AI data center in Saskatchewan, expected to require $1.7 billion in capital expenditures, and agreed to sell its land mobile radio networks services business for $675 million. BCE also completed public debt offerings totaling $2.25 billion.
Key Highlights
- Bell Mobility to sell land mobile radio networks services business for $675 million.
- New 300 MW AI data center in Saskatchewan expected to cost $1.7 billion.
- Q1 2026 operating revenues grew 4.0% to $6,168 million.
- Q1 2026 net earnings decreased 2.3% to $667 million.
- Q1 2026 adjusted EBITDA increased 2.9% to $2,631 million.
- Q1 2026 EPS was $0.66, down 2.9% from Q1 2025.
- Issued $750 million in MTN debentures and $1.5 billion in junior subordinated notes.
- Free cash flow increased 0.8% to $804 million in Q1 2026.