NYSE$RCI
Rogers Communications Inc · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Rogers Q1 2026: $4.9B service revenue (+10%), adjusted EBITDA $2.4B (+5%)
Rogers Communications reported first quarter 2026 results with total service revenue up 10% to $4.9 billion and adjusted EBITDA up 5% to $2.4 billion. Net income attributable to RCI shareholders rose 56% to $438 million ($0.80 diluted EPS) while adjusted net income was $550 million ($1.01 adjusted diluted EPS). Free cash flow grew 32% to $776 million and capital intensity improved 500 basis points to 15%. Wireless added 33,000 mobile net additions with EBITDA margin of 65%; Cable EBITDA margin reached 58%; Media revenue surged 82% to $988 million with EBITDA near breakeven. Rogers upgraded 2026 free cash flow guidance to $4.1–$4.3 billion and cut capex outlook to $2.5–$2.7 billion.
- Total service revenue $4.9B (+10% YoY); total revenue $5.5B; adjusted EBITDA $2.4B (+5%)
- Net income attributable to RCI shareholders $438M (+56%); diluted EPS $0.80; adjusted EPS $1.01
- Free cash flow $776M (+32%); debt leverage ratio improved to 3.8x from 3.9x at Dec 31, 2025
- Wireless EBITDA $1.3B (+1%, 65% margin); Cable EBITDA $1.1B (+1%, 58% margin); Media revenue $988M (+82%)
- 2026 FCF guidance raised to $4.1–$4.3B; capex reduced to $2.5–$2.7B (~30% below 2025)
Headline financials
Revenue & EPS history
Rogers · Revenue · Quarterly
C$5.48B
Revenue by segment
Rogers · C$5.53B total across 3 segments · Q1 2026
- WirelessC$2.59B+2.0%46.9%
- CableC$1.95B-1.0%35.2%
- MediaC$988M+22.3%17.9%
Forward guidance
Rogers reaffirmed 2026 total service revenue growth of 3–5% and adjusted EBITDA growth of 1–3%, while significantly upgrading free cash flow guidance to $4.1–$4.3 billion and reducing capital expenditures to $2.5–$2.7 billion.
Tailwinds
- 2026 free cash flow target raised to $4.1–$4.3B, ~$0.8B above 2025
- Capital expenditures cut to $2.5–$2.7B (~30% reduction vs 2025)
- Targeting 2026 capital intensity of ~12%
Headwinds
- Consolidated adjusted EBITDA margin declined 220 basis points to 43.1%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+0.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.6%
Avg return
30 days after
52%
33 / 63 earnings
Positive
+10.7%
Q3 2020
Best reaction
-9.0%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.1% | +10.7% | +10.9% | |
| Q3 2025 | +3.3% | +7.1% | +2.7% | |
| Q1 2025 | -1.3% | -0.6% | +4.4% | |
| Q4 2024 | -0.5% | -3.6% | -3.4% | |
| Q3 2024 | -5.3% | -7.5% | -9.8% | |
| Q2 2024 | -1.8% | +1.5% | +8.6% | |
| Q1 2024 | -3.9% | -3.6% | -0.8% | |
| Q4 2023 | +1.3% | -0.2% | -4.7% | |
| Q3 2023 | +2.8% | +5.3% | +13.4% | |
| Q2 2023 | -3.2% | -2.4% | -12.4% | |
| Q1 2023 | +3.7% | +4.8% | -4.6% | |
| Q4 2022 | +0.2% | +0.1% | -2.6% | |
| Q3 2022 | +1.9% | +3.5% | +5.3% | |
| Q2 2022 | -0.6% | -1.9% | -5.1% | |
| Q4 2021 | +4.8% | -1.5% | -13.6% | |
| Q1 2022 | +1.6% | -1.5% | -13.6% | |
| Q3 2021 | -2.3% | -8.4% | -6.3% | |
| Q2 2021 | -2.6% | -2.7% | -5.9% | |
| Q1 2021 | +1.3% | +1.1% | +4.6% | |
| Q4 2020 | -7.1% | -4.7% | -10.8% | |
| Q3 2020 | +10.7% | +7.3% | +14.8% | |
| Q2 2020 | -0.7% | -1.3% | +2.5% | |
| Q1 2020 | -0.3% | +1.6% | -3.8% | |
| Q4 2019 | +2.9% | +2.3% | +3.7% | |
| Q3 2019 | -9.0% | -6.5% | -6.3% | |
| Q2 2019 | +0.5% | -0.8% | -6.0% | |
| Q1 2019 | -6.5% | -8.0% | -3.9% | |
| Q4 2018 | -3.4% | -2.2% | +2.1% | |
| Q3 2018 | +0.1% | +0.6% | +4.2% | |
| Q2 2018 | -1.3% | -2.2% | +4.5% | |
| Q1 2018 | +6.1% | +4.8% | +7.0% | |
| Q4 2017 | -0.1% | -1.9% | -6.3% | |
| Q3 2017 | -1.4% | -1.1% | -0.2% | |
| Q2 2017 | +3.4% | +2.3% | +0.5% | |
| Q1 2017 | +1.0% | +0.4% | -0.4% | |
| Q4 2016 | +7.2% | +7.6% | +6.7% | |
| Q3 2016 | +0.5% | -1.8% | -6.9% | |
| Q2 2016 | +5.5% | +6.4% | +8.3% | |
| Q1 2016 | -0.6% | — | — | |
| Q4 2015 | -6.8% | — | — | |
| Q3 2015 | +6.5% | — | — | |
| Q2 2015 | +4.6% | — | — | |
| Q1 2015 | +0.8% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | +0.2% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2012 | +1.8% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | +2.7% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q3 2010 | -0.7% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q1 2010 | -0.4% | — | — |
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