Verizon Wins Asus Patent Case, Raises 2026 EPS Guidance
VZ sits 30% above its 52-week low of $38.39.
Summary
A jury cleared Verizon of Asus's 4G/5G patent claims, rejecting $436M in damages and finding no infringement. This removes a legal overhang and validates Verizon's position. Separately, Verizon raised its 2026 adjusted EPS guidance to $4.99–$5.04, reflecting confidence in its cost-cutting and subscriber momentum. The Q2 results themselves were already reported in late July, but the patent verdict and guidance raise are new developments. The stock trades near its 52-week high, and these positives could support further gains.
At the time of this announcement, VZ was trading at $49.97 on NYSE in the Technology sector, with a market capitalization of approximately $208.2B. 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 7 out of 10. Source: Wiseek News.