BCE's Q2 Earnings Beat Estimates on Ziply Fiber & Media Momentum

BCE Inc. reported second-quarter 2026 adjusted earnings of C$0.65 per share (47 cents), up 3.2% year over year and 2.2% above the Zacks Consensus Estimate. Total operating revenues rose 1.5% to C$6.18 billion (US$4.461 billion), exceeding consensus revenue of $4.401 billion. Growth came mainly from 4.3% service revenue expansion, Ziply Fiber after acquisition, strong Bell Media results, and AI-powered enterprise services. Product revenue fell 16.3%, influenced by last year’s Bell AI Fabric data center completion and lower wireless device sales as customers shifted to BYOD plans. Adjusted EBITDA rose 1% to C$2.70 billion, with margin at 43.8%.