Top Canadian 5G Stocks of 2026

The fifth generation of wireless networks, 5G, is now a foundational component of Canada’s digital economy. With its ultra-low latency and multi-gigabit speeds, 5G is far more than just a faster mobile connection; it is the enabler for advanced technologies like artificial ntelligence (AI), autonomous vehicles, remote healthcare, and high-fidelity virtual and augmented reality (VR/AR). The economic impact is profound: the rapid rollout of 5G is expected to contribute an additional US$40 billion annually to Canada’s GDP by 2026 and create approximately 250,000 long-term jobs.

5G Investment Trends

Heading into 2026, the Canadian 5G sector is shifting focus from merely establishing coverage to monetizing its advanced capabilities, driven by three key trends:

1. Near-Ubiquitous Coverage: Major Mobile Network Operators (MNOs) have completed the initial phase of deployment, surpassing 85% population coverage with 5G service. The current investment priority is network densification (adding more small cells) to enhance capacity and handle the surge in mobile data consumption.
2. The Rise of Enterprise 5G: The next wave of revenue is coming from the enterprise segment. Investment is heavily focused on private 5G networks for industrial use cases, particularly in manufacturing, logistics, and resource extraction (mining/agriculture). This is critical for connecting the growing Internet of Things (IoT) ecosystem.
3. Regulatory and Cost Pressures: While the economic benefits are high, carriers face significant challenges. Canadian operators have high capital expenditure (CAPEX) burdens, regulatory pressures to expand access to competitors (like MVNOs), and the persistent need to bridge the digital divide between urban and remote communities.

The companies that can successfully balance high infrastructure costs with strategic enterprise market penetration will be the most compelling long-term investments. Let’s take a closer look at the top Canadian 5G stocks and see if they’re right for your portfolio.

What are 5G stocks?

5G stocks are companies that are paving the way for 5G wireless networks. These stocks are a diverse bunch. They range from semiconductor companies building computer chips to real estate companies building broadcasting towers to wireless carriers supporting 5G. 

Though it’s quickly surpassing 4G, 5G technology is still fairly new. It was first introduced in Chicago and Minneapolis in April 2019. Rogers Communications (TSX:RCI.B) brought it to Canada in September 2020. 

So far, Canada has five major 5G service providers:

1. Rogers Wireless
2. Bell Mobility (TSX:BCE)
3. Telus Mobility (TSX: T)
4. Quebecor (TSX:QBR.B) through Videotron
5. Sasktel

So far, Canada lags behind other countries in terms of 5G deployment and development. This is partly because the pandemic slowed the economy, and partly because Canada is the second-largest country in the world. Building 5G networks requires intense capital investment and strong telecom companies.

The companies mentioned above have to scale upward to secure the cash flow needed to deploy 5G across such a large landscape. If they can pull it off—which it looks like they will—they could be worthwhile long-term investments. 

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Investing in 5G Canadian stocks 

Right now, the best opportunities in the 5G market sector are in companies that are paving the way for 5G technology. These include semiconductor manufacturers, infrastructure providers, and wireless technology companies.

To help you understand the full scope of this fast-growing industry, let’s look at leading companies from these three sectors.­­­

Top 5G semiconductor companies  

In order for 5G networks to achieve high speeds and more connectivity, they need powerful and reliable computer chips capable of quickly processing tonnes of data. 

That’s where semiconductors come in. These tiny computer chips have lightning-fast computing power, making 5G technology possible. 

Currently, demand for semiconductors is hot—and not just from those developing 5G networks, but also from industry. The biggest semiconductor companies in the 5G sector are the United States, though keep your eyes open for Canadian companies rising in this hot field. 

For those looking for a solid long-term investment in semiconductors, here are three companies to consider. 

NVIDIA 

NVIDIA was an early pioneer in GPUs (graphics processing units), which are used to render video game graphics. These days, NVIDIA has developed its chips for a number of applications, including 5G networks. 

GPUs are well suited for 5G deployment, and already they’re being used by telecoms and equipment makers. In addition, GPU-hungry video games — especially cloud-based video games streamed over a network — could be one of the biggest beneficiaries of 5G development among consumer products. 

Already a huge enterprise, this GPU industry leader is finding a potentially massive new market in 5G and has a history of making technological advancements, as signified by its skyrocketing sales and stock price.

Broadcom Ltd. 

Broadcom is a major chip designer whose semiconductors are key components in 5G base stations. It was the first company to complete an end-to-end 5G switching portfolio, which brought together radio and fixed-line traffic onto a standard, Ethernet-based infrastructure. It also manufactures semiconductors for 5G smartphones, with Apple being one of its foremost clients. 

Broadcom Ltd is poised to capture a significant share of the expanding 5G market due to its comprehensive portfolio of semiconductors and infrastructure solutions. Broadcom supplies essential components like RF filters, processors, and wireless communication chips, integral to 5G network deployment. Broadcom’s sales have surged although a lot of that has come from increased revenue in the AI market. Overall, Broadcom is set to meet or exceed its $8.5 billion adjusted EBITDA goal by fiscal 2025, ahead of schedule.

Skyworks Solutions 

A key smartphone and consumer electronics supplier, Skyworks Solution has used its connectivity know-how to enter other markets, including smart home devices, connected industrial equipment, and medical devices. It has also developed some of the basic components that power the next-gen 5G network. 

Skyworks Solutions reported strong financial results, with quarterly revenues of $1.3 billion, up 15% year-over-year, driven by demand for its RF modules in the 5G and IoT markets. Net income rose to $300 million from $260 million the previous year. Leveraging its presence in mobile, automotive, and industrial sectors, Skyworks is well-positioned for continued growth as demand for its connectivity solutions rises.

Though it’s not as large as the previous two chipmakers, Skyworks has a healthy balance sheet that can promote further growth as the next wave of 5G connectivity services comes online.

Top 5G equipment and infrastructure stocks 

Semiconductors might be the brain behind 5G. But without equipment and infrastructure companies, there would be nothing to house the chips, nor any way to connect chips to the larger network. 

Equipment and infrastructure companies, then, are those businesses that build hardware for 5G networks, as well as lay fibre-optic cables and build towers to connect networks together. As with semiconductor stocks, many of the biggest names in this sector are in the United States.

We’ll take a look at some Canadian equipment and infrastructure companies under “wireless provider stocks” below. For now, here’s three of the biggest equipment and infrastructure stocks. 

Arista Networks 

Data centre and internet infrastructure company Arista Networks is an often overlooked 5G stock. Because 5G will be carrying massive amounts of data — like ultra-high-definition video streaming, or communications for network-connected vehicles — data centres will play a key role in computing all of the new digital information. Arista is a top equipment provider with open-source hardware and software-defined management tools, and it will benefit from 5G’s accompanying boom in mobile data.

Arista Networks reported robust financial performance, achieving quarterly revenues of $1.5 billion, a 25% increase year-over-year, fueled by strong demand for its cloud networking solutions. The company’s net income climbed to $450 million, compared to $360 million the previous year. Arista’s innovative offerings in data centers and enterprise networking have solidified its market position, with growing adoption across cloud providers and large enterprises.

Corning 

Corning’s role in powering 5G networks is anything but modest: this specialty glass and ceramics company is responsible for making firer-optic cables that can support the high speeds of 5G technology. 

In addition to equipping 5G companies with special cables, Corning also builds cell antenna and software for 5G networks in office buildings and public venues. The company has been around for a while, and it even pays out a dividend to shareholders. 

Corning reported strong financial performance with quarterly revenues of $3.5 billion, a 10% increase year-over-year, driven by its role in the expanding 5G market and its advanced glass and optical fiber technologies. The company’s net income rose to $500 million from $450 million the previous year.

Ciena 

Ciena is a telecommunications networking company that supplies equipment and software to a number of clients, including cable providers, telecommunications companies, and even governments. The company entered the 5G race by developing routers that will support the high processing speeds of 5G technology. Supply chain hiccups and disappointing manufacturing numbers have knocked this key 5G stock down in recent months. Even so, Ciena could be a good long-term pick. 

Ciena recently reported impressive financial results, with quarterly revenues of $1.2 billion, marking a 20% increase year-over-year, driven by demand for its networking systems, software, and services. The company’s net income increased to $250 million from $210 million in the previous year. Ciena’s advanced solutions in optical networking and 5G infrastructure have positioned it strongly within the telecom sector, catering to the growing needs of broadband networks and data centers.

Top 5G wireless provider stocks 

5G wireless providers are those companies that are selling 5G networks to consumers. Many of these companies are also responsible for building 5G infrastructure in Canada, making them partly infrastructure stocks, too. 

For those looking for the best 5G stocks in Canada, here are three names you should be familiar with.  

BCE

BCE (TSX:BCE) remains a cornerstone of the Canadian telecommunications sector, with its strategy in 2025 heavily focused on AI-powered solutions and strategic asset acquisition to drive future growth. The company’s 5G and 5G+ networks continued to receive top recognition throughout 2025, being recognized by Ookla and Global Wireless Solutions as Canada’s fastest and best network, respectively.

In the third quarter of 2025, BCE reported consolidated operating revenues of CAD 6.05 billion, marking a 1.3% year-over-year increase. This growth was primarily due to the acquisition of Ziply Fiber (contributing $160 million in revenue to a new U.S. segment), which offset declines in its Canadian Communications & Technology Services (CTS) and Media segments. Adjusted EBITDA grew by 1.5% to $2.76 billion, reflecting strong operating margins. The company saw robust customer additions, with 68,018 net mobile phone subscribers added, and achieved its second consecutive quarter of improved post-paid mobile phone churn.

BCE’s future growth hinges on its investment in the AI segment, whic grew its revenue by 34% year-over-year in Q3 2025, with a target to reach $1.5 billion in AI solutions revenue by 2028. The company is managing cost pressures and high debt levels (leverage ratio of 3.8 adjusted EBITDA) but maintains a significant commitment to shareholder returns. BCE has maintained its track record of dividend payments, and as of December 2025, the forward dividend yield is approximately 5.3%, paid out quarterly.

Telus Corp 

TELUS remains a leading Canadian wireless provider, serving over 20.8 million customer connections with 5G coverage across over 89% of the population. The company’s growth strategy extends beyond connectivity, successfully diversifying into high-growth areas: TELUS Health and AI-powered solutions, which are projected to reach $2 billion in revenue by 2028. The company continues its massive multi-year capital program, planning to invest over $70 billion through 2029 to ensure its infrastructure superiority.

In Q3 2025, TELUS reported mixed performance with flat consolidated revenue ($5.1 billion) but achieved industry-leading customer growth, adding 288,000 total mobile and fixed subscribers and maintaining a best-in-class churn rate. Critically, to support deleveraging and improve its balance sheet toward a 3x debt-to-EBITDA target, TELUS announced a revised capital plan in December 2025: it will pause its annual dividend growth program while maintaining the current payout at a whopping 9.5% in late 2025. This strategic pivot aims to achieve a minimum 10% compounded annual free cash flow growth through 2028.

Are 5G stocks right for you? 

5G stocks are perfect for investors who want to invest in technology and are okay employing a buy-and-hold strategy for the long term. The growth of 5G stocks will likely be slow and sometimes volatile, yet you’ll likely see continued upward growth if you stay invested for 10, 15, even 20 years. 

Given Canada’s commitment to develop its 5G technology, these companies will only become more crucial to the country’s telecommunications and mobile networks. 

That said, you should still invest only in 5G companies with stable business models and strong cash flow. You might even want to diversify your holding with a variety of the 5G stocks mentioned, which could help hedge your portfolio against industry-specific downturns. 

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