Verizon Lifts Full-Year Profit Guidance After Strong Q1 Subscriber Gains
Summary
Verizon reported robust first-quarter results, significantly boosting its full-year 2026 adjusted EPS growth guidance to 5-6% from 4-5%. The company achieved 55,000 postpaid phone net additions, defying analyst expectations and marking its first positive Q1 for this metric in over a decade. Adjusted earnings per share rose 7.6% to $1.28, representing its strongest quarterly growth in five years. This strong operational performance and improved outlook signal a positive shift in the company's competitive position and financial trajectory. Traders will be watching for sustained subscriber growth and continued execution on the raised guidance in upcoming quarters.
At the time of this announcement, VZ was trading at $48.00 on NYSE in the Technology sector, with a market capitalization of approximately $195.6B. The 52-week trading range was $38.39 to $51.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ShareCast.