Canada's BCE Q2 revenue rises on increased fibre, AI demand
BCE•Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 2 "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$36.50, about 18.3% above its August 5 closing price of C$30.86.
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago.
Revenue drivers and key details
- Service revenue growth - Higher service revenue from Bell CTS U.S. and Bell Media offset declines in Bell CTS Canada.
- Fibre and AI demand - Strong demand for fibre-to-the-home internet and AI-powered enterprise solutions contributed to revenue growth.
- Media revenue - Bell Media revenue rose on strong Crave performance and FIFA World Cup coverage.
| Metric | Actual |
|---|---|
| Q2 Revenue | $6.18 billion |
| Q2 Adjusted EPS | $0.65 |
| Q2 EPS | $0.60 |
| Q2 Adjusted Net Income | $604 million |
| Q2 Net Income | $629 million |
Q2 revenue rises on fibre and AI demand
Canada telecom provider's Q2 revenue grew 1.5% year over year, driven by higher service revenue.
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