Quarterly ResultJul 24, 2026, 07:06 AM
Verizon Q2 Adj. EBITDA $13.7B, Adj. EPS $1.30; Raises Guidance, Expands Buyback
AI Summary
Verizon Communications Inc. announced strong second-quarter 2026 financial and operational results, leading to a second consecutive quarter of raised full-year guidance. The company reported record adjusted EBITDA of $13.7 billion, a 7.2% year-over-year increase, and adjusted EPS of $1.30, up 6.6%. Mobility and broadband service revenue grew 2.8%, driven by 184,000 postpaid phone net additions. Despite a 22.9% decrease in consolidated net income to $3.9 billion due to $1.8 billion in pre-tax special items, Verizon expanded its full-year share buyback target to up to $4.5 billion.
Key Highlights
- Expanded full-year share buyback target to up to $4.5 billion.
- Q2 adjusted EBITDA grew 7.2% to $13.7 billion, the highest ever reported.
- Q2 adjusted EPS increased 6.6% to $1.30.
- Raised full-year adjusted EPS guidance to $4.99-$5.04.
- Mobility and broadband service revenue grew 2.8% to $23.4 billion.
- Generated 184,000 postpaid phone net additions in Q2 2026.
- Q2 free cash flow surged 24.4% to $6.4 billion.
- Consumer mobility and broadband service revenue rose 3.3% to $19.6 billion.
Price Impact
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