Quarterly ResultMay 1, 2026, 10:11 AM
VZ Q1 Diluted EPS $1.20, Revenue $34.44B; Frontier Acquisition Closed
AI Summary
Verizon reported a 2.85% increase in total operating revenues to $34.44 billion and a 4.35% rise in diluted EPS to $1.20 for Q1 2026. Net income attributable to Verizon grew 3.40% to $5.045 billion. The company completed the acquisition of Frontier Communications Parent, Inc. for approximately $9.8 billion in cash, expanding its fiber broadband footprint, and also acquired Starry Group Holdings, Inc.
Key Highlights
- Acquisition of Frontier Communications Parent, Inc. completed for $9.8B cash.
- Total Operating Revenues increased 2.85% to $34.44 billion.
- Diluted Earnings Per Common Share rose 4.35% to $1.20.
- Net Income attributable to Verizon increased 3.40% to $5.045 billion.
- Service revenues and other grew 2.39% to $28.759 billion.
- Net cash provided by operating activities increased 2.60% to $7.984 billion.
- Assumed $12.9B debt from Frontier, repaid $6.4B; issued $4.38B notes.
- Purchased $2.5B common stock for treasury via ASR.