BCE

BCE looks cheap at 6.0X EV/EBITDA, but leverage, a 2026 EPS reset and heavy AI and fiber spending keep execution risk in focus.

BCE's 10.2% monthly rally gets support from Q2 revenue and EPS growth, but heavy spending, leverage and falling estimates keep the outlook cautious.

BCE enters its heaviest AI spending phase with 335 MW contracted, as surging capex pressures 2026 cash flow ahead of expected 2027 revenue.

BCE's Q2 earnings and revenue rose as Ziply Fiber, Bell Media and AI services offset weaker product sales and higher investment spending.

BCE Inc. (BCE:CA) Q2 2026 Earnings Call Transcript

While the top- and bottom-line numbers for BCE (BCE) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

BCE (BCE) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.46 per share a year ago.

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this news release.

Evaluate the expected performance of BCE (BCE) for the quarter ended June 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

MONTRÉAL, July 31, 2026 /PRNewswire/ -- BCE (TSX: BCE) (NYSE: BCE) today announced the appointment of Rebecca McKillican as a director of BCE Inc. and Bell Canada. Ms. McKillican served as Chief Executive Officer of McKesson Canada from 2020 to 2023, after joining McKesson in 2017 through its acquisition of Well.ca, one of Canada's largest health and wellness e-commerce companies, where she was Chief Executive Officer.