TELUS Q2 Earnings Call Highlights

Impact · against what's priced in

TELUS faces a significant valuation reset due to a 55% dividend cut and a shift from growth to contraction in its EBITDA outlook. The structural impairment of TELUS Digital by AI automation reveals a deeper vulnerability in its non-core segments than previously anticipated.

TU−0.70

No priced-in read yet

In context

The company is slashing its dividend by 55% and reversing its 2026 EBITDA outlook from 2-4% growth to a 2-4% decline. Additionally, a C$2.1 billion impairment at TELUS Digital confirms that AI is actively cannibalizing legacy revenue streams.

Read from the article alone

• cash flow▲11%
• earnings▲8%
• guidance
• ai
• TU
• asset sales
• canada
• deleveraging