Telus Corp. (TSE:T)
TSX:T
Earnings Data
Report Date
May 01, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial achievements — record free cash flow (+11% YoY), industry-leading customer growth and churn metrics, significant AI revenue momentum (Q4 AI revenue +44% YoY), LifeWorks synergies exceeding targets, and clear deleveraging progress — while acknowledging manageable near-term headwinds including ARPU decline (-1.6%), a promotional competitive environment, TELUS Digital EBITDA compression, and business fixed data variability. Management provided constructive 2026 guidance (service revenue and adjusted EBITDA growth of 2–4%, free cash flow ≈ $2.45B) and detailed monetization and cost synergy initiatives to support targets. On balance, highlights substantially outweigh the lowlights.Company Guidance
Strong Customer Net Additions and Record Connected Devices
TELUS reported 1.1 million combined mobile and fixed customer net additions for 2025 (fourth consecutive year >1M). Q4 telecom net additions were 377,000, including Q4 wireless net additions of 337,000 (mobile phone net adds 50,000; record connected device net adds 287,000). Full year connected device net additions were 716,000 and mobile phone net adds were 207,000; fixed net additions for 2025 were 158,000 (16th consecutive year of positive wireline net additions).
Exceptional Churn and Customer Loyalty Metrics
Postpaid mobile phone churn was 0.97% for full-year 2025 (12th consecutive year below 1%), ~25 basis points better than peer group, supporting industry-leading customer lifetime revenue and loyalty.
Record Free Cash Flow and Strong Cash Generation
TELUS delivered record free cash flow of $2.2 billion for 2025, an increase of 11% versus 2024 (and on top of prior years' double-digit growth), exceeding the annual target and forming the basis for a forecasted minimum 10% CAGR in free cash flow through 2028. 2026 free cash flow guidance is approximately $2.45 billion (circa +10%).
AI-Enabled Revenue Momentum
AI-enabling capabilities revenue grew 44% year-over-year in Q4 to $229 million and increased ~35% for the full year, underpinning a target to grow AI-enabling revenue from ~ $800 million in 2025 to ~ $2 billion by 2028.
TELUS Health and LifeWorks Integration Success
TELUS Health delivered double-digit revenue and adjusted EBITDA growth in the quarter; LifeWorks annualized synergies reached $431 million (surpassing the $427M target), comprised of $334M in cost efficiencies and $97M in cross-selling revenue (nearly 3x the original $150M target). Global reach expanded to >161 million lives covered.
Deleveraging Progress and Balance Sheet Actions
Net debt-to-EBITDA leverage declined to 3.4x at year-end 2025 (from 3.9x in 2024). Transactions including the Terrion tower deal reduced net debt by $1.26 billion (≈17 points on the net debt/EBITDA ratio). Debt tenders retired $2.9 billion of securities; hybrid issuance achieved a low-cost precedent. Long-term debt average maturity ~14.7 years and weighted-average cost ~4.75%.
2026 Guidance and Capital Allocation Framework
Guidance for 2026: consolidated service revenue and adjusted EBITDA growth of 2–4% (company also referenced 'up to 4%'), consolidated free cash flow ≈ $2.45B, consolidated CapEx ≈ $2.3B (CapEx intensity ~12% trending to ~10%), continued monetization program targeting $7B of assets under management, DDRIP discount reduced (2%→1.75%) with full removal planned in 2027.
TSE:T Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:T Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | C$18.89 | C$18.53 | -1.92% |
Nov 07, 2025 | C$19.73 | C$19.84 | +0.53% |
Aug 01, 2025 | C$20.93 | C$20.20 | -3.49% |
May 09, 2025 | C$19.14 | C$20.50 | +7.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Telus Corp. (TSE:T) report earnings?
Telus Corp. (TSE:T) is schdueled to report earning on May 01, 2026, TBA (Confirmed).
What is Telus Corp. (TSE:T) earnings time?
Telus Corp. (TSE:T) earnings time is at May 01, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:T EPS forecast?
TSE:T EPS forecast for the fiscal quarter 2026 (Q1) is 0.23.