TELUS swings to Q3 2026 net loss of C$660 million
TU•TELUS reported a third-quarter 2026 net loss of C$660 million, driven by a C$800 million non-cash goodwill impairment. Revenue fell to C$5.02 billion, expenses rose 21% to C$5.27 billion, and the company targets about C$900 million in annualized cash savings by the end of 2028.
1. Quarterly results
TELUS swung to a third-quarter 2026 net loss of C$660 million, driven by a C$800 million non-cash goodwill impairment. Operating revenues fell to C$5.02 billion, while total operating expenses climbed 21% year over year to C$5.27 billion.
2. Savings and asset sales
A new efficiency program targets approximately C$900 million in annualized cash savings exiting 2028 through operational improvements and capital efficiencies. TELUS said it is prioritizing monetization of non-core assets, including TELUS Health and TELUS Agriculture & Consumer Goods, with proceeds earmarked for debt reduction.
