Quarterly ResultJul 31, 2026, 10:34 AM
Verizon Q2 Diluted EPS $0.92, Net Income $3.84B; Forms BT Joint Venture
AI Summary
Verizon reported a decline in Q2 2026 financial results, with diluted EPS falling to $0.92 and net income attributable to Verizon decreasing to $3.84 billion. Total operating revenues also saw a slight dip. The company entered into a joint venture with BT Group plc, contributing its international wireline connectivity business and classifying related assets as held for sale, resulting in a $746 million pre-tax loss. Verizon also completed the acquisition of UScellular spectrum licenses for $1.0 billion and the Frontier Communications acquisition in January 2026 for approximately $9.8 billion cash, expanding its fiber broadband footprint.
Key Highlights
- Q2 2026 diluted EPS was $0.92, down from $1.18 in Q2 2025.
- Net income attributable to Verizon for Q2 2026 was $3.84 billion, down from $5.00 billion in Q2 2025.
- Total operating revenues for Q2 2026 were $34.25 billion, a slight decrease from $34.50 billion in Q2 2025.
- Entered joint venture with BT Group plc; classified international wireline business as held for sale.
- Recorded $746 million pre-tax loss on disposition of international wireline business.
- Completed UScellular spectrum licenses acquisition for $1.0 billion in June 2026.
- Net cash provided by operating activities for H1 2026 was $18.42 billion, up from $16.76 billion.
- Net cash used in investing activities for H1 2026 was $18.50 billion, driven by acquisitions.
Price Impact
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