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FinanceVerizon Q2 adj EPS beats, raises FY guidance; shares up ~3%
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Verizon Communications reported second-quarter 2026 results that exceeded Wall Street expectations for adjusted earnings, despite a slight revenue miss. Adjusted earnings per share came in at $1.30, above analyst estimates of $1.27-$1.28, while total revenue of $34.25 billion fell short of the $35.28 billion forecast. The company added 184,000 postpaid phone customers, more than double analyst expectations, marking its strongest consumer Q2 postpaid phone net additions in five years. Mobility and broadband service revenue grew 2.8% year-over-year to approximately $23.4 billion, with Verizon forecasting acceleration to around 4% in Q4 2026. Broadband net additions totaled 348,000, including 193,000 fixed wireless access and 155,000 fiber broadband additions. Following the results, Verizon raised its full-year guidance, now expecting mobility and broadband service revenue growth of 2.5% to 3.0% and adjusted EPS of $4.99 to $5.04, representing 6% to 7% year-over-year growth. The company also increased its share buyback target to up to $4.5 billion. CEO Dan Schulman attributed the gains to new plans and loyalty programs. Shares rose about 3% on the news.
Source report
Proactive | Fri, July 24, 2026 at 7:27 AM PDT | 2 min read
VZ +3.01%
Verizon Communications Inc (NYSE:VZ, XETRA:BAC) shares rose approximately 3% on Friday morning after the company reported second-quarter results that exceeded Wall Street expectations for adjusted earnings and raised its full-year outlook, despite revenue falling short of forecasts.
Key Financial Results
- Adjusted earnings per share: $1.30 for the quarter ended June 30, above analyst estimates of $1.27 to $1.28.
- Total revenue: $34.25 billion, slightly below expectations of approximately $35.28 billion.
Subscriber and Service Highlights
Verizon reported strong subscriber trends during the quarter:
- Added 184,000 postpaid phone customers, exceeding analyst expectations of 106,000.
- The company noted this was its strongest consumer Q2 postpaid phone net additions in five years.
- Mobility and broadband service revenue increased 2.8% year over year to approximately $23.4 billion.
- Verizon forecasts growth to accelerate to around 4% in the fourth quarter of 2026.
- Added more than 550,000 total mobility and broadband connections during the quarter, more than double the level from the first half of 2025.
Broadband Net Additions (Q2)
- Total: 348,000
- Fixed wireless access additions: 193,000
- Fiber broadband additions: 155,000
Verizon now has approximately 17.1 million fixed wireless access and fiber broadband connections.
Full-Year Guidance
Following the results, Verizon raised its full-year guidance:
- Mobility and broadband service revenue growth: 2.5% to 3.0% in 2026.
- Adjusted EPS outlook: $4.99 to $5.04, representing year-over-year growth of 6% to 7%.
- Share buyback target: Increased to up to $4.5 billion.
CEO Statement
"We're putting customers at the center of every decision we make. With recent updates including our new Simplicity plans, Verizon One converged offerings, and an industry-leading loyalty program, we are gaining subscribers and earning long-term retention based on real value rather than subsidized promotions."
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— Dan Schulman, Verizon CEO
Source
Yahoo FinanceWestern
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Verizon shares rise as earnings beat and guidance boost offset revenue miss