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BCE Q2 Adjusted Earnings Top Estimates, Maintains Higher 2026 Capex Plan

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BCE (BCE.TO, BCE), the parent company of Bell Canada, edged higher in US premarket trading on Thursday after reporting a 3.2% year-over-year increase in adjusted Q2 earnings to C$0.65 per share from C$0.63 a year earlier.

The results topped the FactSet consensus estimate of C$0.64 per share.

Operating revenue rose 1.5% to C$6.18 billion, in line with the FactSet consensus estimate.

BCE also declared a quarterly dividend of C$0.4375 per common share, payable on Oct. 15 to shareholders of record at the close on Sept. 15.

In 2026, the company said it expects capital expenditures to increase by C$1.3 billion over 2025 due to the construction of the Saskatchewan AI data center, resulting in a higher capital intensity ratio.

The company's shares were last up almost 1% in US premarket trading on Thursday after closing down 0.3% on the Toronto Stock Exchange on Wednesday.

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