Earnings ·
TELUS Corporation reported a net loss of $1.8 billion for the second quarter ended June 30, 2026, driven by a $2.1…
TUTelus Corp
TELUS Corporation reported a net loss of $1.8 billion for the second quarter ended June 30, 2026, driven by a $2.1 billion non-cash impairment of TELUS Digital goodwill and intangible assets. The company reset its quarterly dividend to $0.1875 per share (annualized $0.75), a 55% reduction from the prior $1.6736 annual rate, aiming to generate $2.7 billion in cumulative cash savings through 2028 for deleveraging. Net debt to Adjusted EBITDA stood at 3.5-times, with a target of 3.0-times or lower by year-end 2028. Full-year guidance was revised downward: consolidated service revenue is now expected flat to negative 2%, adjusted EBITDA negative 2% to negative 4%, and free cash flow approximately $1.8 billion. Capital expenditures for the full year were raised to approximately $2.6 billion. TELUS operates in the telecommunications, health technology, and digital services industries.