TELUS Corp

T: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Telus Earnings: Nontelecom Businesses Drive Horrid Results and Outlook; Valuation Lowered

Matthew Dolgin

Jul 31, 2026

Telus' telecom business had a decent second quarter. However, Telus Health growth slowed dramatically, and Telus Digital's performance was even worse. The firm took an impairment, cut its dividend by 55%, and materially lowered its 2026 financial outlook.

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TELUS Corp

Telus Earnings: Nontelecom Businesses Drive Horrid Results and Outlook; Valuation Lowered

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