RCI

Rogers Communications reported record free cash flow of over CAD 1.3 billion in Q3 2026, driven by a 46% reduction in capital spending. The company is prioritizing premium wireless services over discounting, maintaining pricing discipline. Rogers also acquired full ownership of Maple Leaf Sports & Entertainment (MLSE) and plans to monetize sports assets by selling a minority stake to institutional investors by mid-2027 to fund debt reduction.

Rogers Communication reported Q3 2026 earnings of $0.92 per share, beating consensus estimates of $0.84 and revenues of $3.89 billion, surpassing expectations by 2.77%. However, the stock has declined 12% year-to-date versus the S&P 500's 12% gain.

The company received a Zacks Rank #3 (Hold) rating with mixed estimate revisions, suggesting near-term performance in line with the market. The Diversified Communication Services industry ranks in the bottom 33% of Zacks industries.

Rogers Communication is expected to report Q3 2026 earnings on October 23 with a year-over-year decline in earnings and lower revenues. However, the company has a positive Earnings ESP of +3.39% combined with a Zacks Rank #3, suggesting it will likely beat consensus EPS estimates. The stock has beaten consensus estimates in all four of the last quarters.

Canada's 5G device market is projected to grow from USD 10.0 billion in 2026 to USD 15.2 billion by 2031 at a CAGR of 8.7%, driven by mid-band spectrum deployment, 5G-Advanced technology, fixed wireless access, and enterprise IoT adoption. Key growth drivers include spectrum rollout, regulatory competition measures, rural connectivity initiatives, and carrier innovation, though supply chain dependencies and delayed spectrum availability in some markets present challenges.

SCTE wrapped up TechExpo26 in Atlanta, attracting over 245 speakers, 300 exhibitors, and thousands of industry leaders from 50+ countries. The event highlighted the shift toward intelligent, converged broadband networks powered by AI and automation.

Key discussions included cybersecurity infrastructure protection with White House National Cyber Director Sean Cairncross, and the STRIKE initiative to combat broadband infrastructure theft and attacks. TechExpo27 is planned for Denver in September 2027.