Verizon Delivers Record Q2 Results, Raises Full-Year Guidance on Strong Subscriber Growth
VZ is trading near its 52-week low of $38.39 (15% above the low).
Summary
Verizon announced strong Q2 2026 results, including a significant beat on postpaid phone net additions and record adjusted EBITDA, leading to a raised full-year guidance for revenue, EPS, and cash flow, alongside an expanded share buyback program.
Key Events · Earnings and Guidance · VZ
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Strong Q2 Operational Performance
Verizon reported 184,000 postpaid phone net additions in Q2 2026, significantly exceeding the 103,900 consensus. Mobility and broadband service revenue grew by 2.8%, contributing to over 550,000 total mobility and broadband net additions.
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Record Profitability & Cash Flow
The company achieved its highest ever consolidated adjusted EBITDA of $13.7 billion (up 7.2% YoY) and adjusted EBITDA margin. Free cash flow surged by 24.4% year-over-year to $6.4 billion in Q2 2026, marking one of its strongest quarters.
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Raised Full-Year Guidance
Verizon raised its full-year 2026 guidance for mobility and broadband service revenue growth (2.5-3.0%), adjusted EPS ($4.99-$5.04, representing 6.0-7.0% YoY growth), cash flow from operations growth (2.0-4.0%), and free cash flow growth (9.0-10.0%).
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Expanded Share Repurchase Program
The full-year share repurchase target has been expanded to up to $4.5 billion, with $1.0 billion executed in Q2 and $3.5 billion year-to-date.
Analysis · VZ · Technology
Verizon reported exceptional second-quarter 2026 financial and operational results, significantly beating subscriber expectations and raising its full-year guidance for key metrics. This strong performance, including record adjusted EBITDA and robust free cash flow, indicates successful execution of the company's strategic transformation, which has been ongoing amidst recent challenges like its removal from the Dow Jones Industrial Average and announced layoffs. While consolidated net income decreased due to pre-tax special items related to this transformation (such as the disposition of its international wireline business and severance charges), these are non-recurring and do not detract from the underlying operational strength and improved outlook. The increased share repurchase target further signals management confidence.
At the time of this filing, VZ was trading at $44.11 on NYSE in the Technology sector, with a market capitalization of approximately $183B. The 52-week trading range was $38.39 to $51.68. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.