Quarterly ResultApr 27, 2026, 07:02 AM
VZ Q1 Adj. EBITDA +6.7%, Adj. EPS +7.6%; Raises 2026 EPS Guidance
AI Summary
Verizon Communications Inc. reported strong first-quarter 2026 results, demonstrating accelerating strategic transformation momentum. The company achieved its highest quarterly Adjusted EBITDA and best Adjusted EPS growth since 2021, alongside its first positive first-quarter postpaid phone net adds since 2013. Driven by healthier customer economics and operational efficiency, Verizon raised its 2026 Adjusted EPS guidance to 5.0-6.0% year-over-year growth and expects total retail postpaid phone net additions in the upper half of its 750,000 to 1.0 million range.
Key Highlights
- Consolidated Adjusted EBITDA grew 6.7% YoY to $13.4 billion, a company record.
- Adjusted EPS increased 7.6% YoY to $1.28, the best quarterly growth since 2021.
- Total operating revenue rose 2.9% YoY to $34.4 billion.
- Reported 55,000 total postpaid phone net additions, first positive Q1 since 2013.
- Delivered 341,000 broadband net additions, including 214,000 fixed wireless.
- Raised 2026 Adjusted EPS guidance to $4.95-$4.99, representing 5.0-6.0% YoY growth.
- Achieved $3.8 billion in free cash flow, up 4.0% YoY.
- Completed $2.5 billion in share repurchases in Q1 2026.