Quarterly ResultJul 24, 2026, 07:02 AM
Verizon Q2 Adj. EPS +6.6%, Raises FY Guidance, Expands Buyback to $4.5B
AI Summary
Verizon Communications Inc. announced exceptional second-quarter 2026 financial and operational results, with mobility and broadband service revenue growing 2.8% and adjusted EPS increasing 6.6% year-over-year. The company reported 184,000 postpaid phone net additions and over 550,000 total mobility and broadband net additions. Following these strong results, Verizon raised its full-year guidance for key financial metrics and expanded its share buyback target to up to $4.5 billion.
Key Highlights
- Mobility and broadband service revenue grew 2.8% in Q2 2026.
- Delivered 184,000 postpaid phone net additions in Q2 2026.
- Adjusted EPS was $1.30 in Q2 2026, a 6.6% increase year-over-year.
- Consolidated adjusted EBITDA grew 7.2% to $13.7 billion, a record high.
- Free cash flow grew 24.4% to $6.4 billion in Q2 2026.
- Raised full-year share buyback target to up to $4.5 billion.
- Raised full-year adjusted EPS guidance to $4.99-$5.04 (6.0-7.0% growth).
- Raised full-year mobility and broadband service revenue growth guidance to 2.5-3.0%.
Price Impact
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