Equity Profile

RCI

Rogers Communications Inc.

Communication ServicesWireless Telecommunication Services$19.7B

Jul22Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Rogers Communications Inc. (RCI) is a leading provider of wireless telecommunications services in Canada....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Rogers is attracting and retaining customers, which is vital for revenue growth.

Expected increase of 2% YoY

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Rogers earns from each customer, helping assess profitability.

$60.00

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RCI Q2-2026 Earnings Preview

Context

Company Snapshot

Rogers Communications Inc. (RCI) is a leading provider of wireless telecommunications services in Canada. With a market cap of $20 billion, the company plays a crucial role in connecting consumers and businesses through mobile and internet services, making it a key player in the communication services sector.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+3.38%

Avg Stock Reaction

+1.04%

Last Quarter Recap

In Q1-2026, Rogers Communications reported an earnings per share (EPS) of $0.74, beating expectations slightly. The stock reacted positively, gaining 13.61% the following day.

Management Promises & Guidance

Focus on improving customer experience through network enhancements.
Commitment to expanding 5G coverage across Canada.
Plans to introduce new pricing tiers for mobile services.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Rogers' upcoming earnings report, particularly given the company's recent performance and market conditions.

Bull Case

If Rogers reports strong subscriber growth and ARPU increases, it could signal robust demand for its services and lead to a positive stock reaction.

Bear Case

Conversely, if subscriber growth stagnates or ARPU declines, it may raise concerns about competitive pressures and profitability, leading to a negative market response.

Key Metrics to Watch

Subscriber Growth

Expected increase of 2% YoY

This metric indicates how well Rogers is attracting and retaining customers, which is vital for revenue growth.

Average Revenue Per User (ARPU)

$60.00

ARPU reflects how much revenue Rogers earns from each customer, helping assess profitability.

Capital Expenditures

$1.2 billion

Investments in infrastructure are crucial for maintaining service quality and expanding network capabilities.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected subscriber growth rate for Q2-2026?

Subscriber growth is critical for revenue and indicates market competitiveness; any stagnation could raise red flags.

How has ARPU changed compared to last quarter?

Changes in ARPU directly impact profitability and reflect customer spending behavior, which is essential for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Rogers' recent network investments on subscriber growth, which could lead to stronger-than-expected results.

Supporting Evidence

Rogers has consistently beaten EPS estimates, indicating operational strength.

Recent upgrades to network infrastructure may attract more customers than anticipated.

Options pricing suggests a higher volatility expectation, indicating potential surprises.

Key Risk

If subscriber growth exceeds 2%, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on Rogers' ability to attract new customers while maintaining profitability through ARPU.

Bull Confirmed If

Subscriber growth of 2% or better, with ARPU holding steady at $60.00 or higher.

Bear Confirmed If

Subscriber growth below 1% and ARPU declining from the previous quarter.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±10.1% while RCI has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

41.3%

Calls (168K)P/C Ratio: 0.11Puts (51K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rogers beats expectations, history suggests the stock could rise by around 1.64%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors reassess future growth prospects.

Miss

Should the company miss expectations, history indicates a potential decline of about 3.16%, raising concerns about competitive pressures.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G rollout progress and its impact on subscriber acquisition.
2Details on customer retention strategies and their effectiveness.
3Insights into competitive landscape changes and how Rogers plans to respond.
4Management's outlook on capital expenditures and future investments.
5Any commentary on regulatory changes affecting the telecommunications industry.

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Company Snapshot

Rogers Communications Inc. (RCI) is a leading provider of wireless telecommunications services in Canada....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Rogers is attracting and retaining customers, which is vital for revenue growth.

Expected increase of 2% YoY

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Rogers earns from each customer, helping assess profitability.

$60.00

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RCI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+3.38%

Avg Stock Reaction

+1.04%

Last Quarter Recap

In Q1-2026, Rogers Communications reported an earnings per share (EPS) of $0.74, beating expectations slightly. The stock reacted positively, gaining 13.61% the following day.

Management Promises & Guidance

Focus on improving customer experience through network enhancements.
Commitment to expanding 5G coverage across Canada.
Plans to introduce new pricing tiers for mobile services.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Rogers' upcoming earnings report, particularly given the company's recent performance and market conditions.

Bull Case

If Rogers reports strong subscriber growth and ARPU increases, it could signal robust demand for its services and lead to a positive stock reaction.

Bear Case

Conversely, if subscriber growth stagnates or ARPU declines, it may raise concerns about competitive pressures and profitability, leading to a negative market response.

Key Metrics to Watch

Subscriber Growth

Expected increase of 2% YoY

This metric indicates how well Rogers is attracting and retaining customers, which is vital for revenue growth.

Average Revenue Per User (ARPU)

$60.00

ARPU reflects how much revenue Rogers earns from each customer, helping assess profitability.

Capital Expenditures

$1.2 billion

Investments in infrastructure are crucial for maintaining service quality and expanding network capabilities.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected subscriber growth rate for Q2-2026?

Subscriber growth is critical for revenue and indicates market competitiveness; any stagnation could raise red flags.

How has ARPU changed compared to last quarter?

Changes in ARPU directly impact profitability and reflect customer spending behavior, which is essential for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Rogers' recent network investments on subscriber growth, which could lead to stronger-than-expected results.

Supporting Evidence

Rogers has consistently beaten EPS estimates, indicating operational strength.

Recent upgrades to network infrastructure may attract more customers than anticipated.

Options pricing suggests a higher volatility expectation, indicating potential surprises.

Key Risk

If subscriber growth exceeds 2%, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on Rogers' ability to attract new customers while maintaining profitability through ARPU.

Bull Confirmed If

Subscriber growth of 2% or better, with ARPU holding steady at $60.00 or higher.

Bear Confirmed If

Subscriber growth below 1% and ARPU declining from the previous quarter.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±10.1% while RCI has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

41.3%

Calls (168K)P/C Ratio: 0.11Puts (51K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rogers beats expectations, history suggests the stock could rise by around 1.64%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors reassess future growth prospects.

Miss

Should the company miss expectations, history indicates a potential decline of about 3.16%, raising concerns about competitive pressures.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G rollout progress and its impact on subscriber acquisition.
2Details on customer retention strategies and their effectiveness.
3Insights into competitive landscape changes and how Rogers plans to respond.
4Management's outlook on capital expenditures and future investments.
5Any commentary on regulatory changes affecting the telecommunications industry.