Verizon Communications (VZ)
NYSE:VZ
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Earnings Data
Report Date
Jul 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.28Last Year’s EPS
1.22Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational momentum and tangible financial improvement (revenue growth, positive postpaid phone net adds for the first time in 13 years, EBITDA and EPS expansion, churn improvement, lower acquisition/retention costs, raised EPS guidance and reaffirmed free cash flow guidance). These positives were balanced against identifiable near-term headwinds including the January network outage (≈80 bps hit to wireless service revenue), promotional amortization and pricing lapping (~180 bps), acquisition-related higher depreciation/interest, severance/integration costs (~$1.1B) and a temporary dip in wireless service revenue (down ~1%). Overall, management framed these as transitional and addressable through their transformation agenda, and the quantity and magnitude of the favorable operating and financial results materially outweigh the lowlights.Company Guidance
Revenue Growth
Total revenues grew 2.9% to $34.4 billion in Q1 2026; mobility and broadband service revenue grew 1.6% year-over-year to $22.9 billion, and management reaffirmed full-year mobility & broadband service revenue guidance of 2%–3% with Q1 as the low point.
Postpaid Phone Net Adds Momentum
Recorded 55,000 postpaid phone net adds in Q1 (positive Q1 postpaid phone net adds for the first time in 13 years), a year-over-year improvement of ~340,000; management expects full-year postpaid phone net adds in the upper half of the $750,000–$1,000,000 range.
Broadband Subscriber Gains and Fiber Build
Delivered 341,000 broadband net adds (214,000 fixed wireless access, 127,000 fiber); broadband subscribers reached ~16.8 million and Verizon remains on track to exceed 32 million fiber passings by year-end.
Improved Churn and Customer Experience
Consumer postpaid phone churn improved to 0.90% for the quarter (down 5 bps sequentially) and improved further in March to below 85 bps; company reported record customer satisfaction for consumer customer service.
Lower Acquisition and Retention Costs
Cost of acquisition and retention in March declined by approximately 35% versus the end of Q4, reflecting more efficient, micro-segmented go-to-market execution and reduced reliance on expensive promotions.
Profitability and Margin Expansion
Consolidated adjusted EBITDA rose 6.7% year-over-year to $13.4 billion, with adjusted EBITDA margin expanding 140 basis points to 38.9% (management called this its highest-ever reported adjusted EBITDA).
Adjusted EPS and Free Cash Flow Strength
Adjusted EPS was $1.28, up 7.6% year-over-year (best adjusted EPS growth in over four years); free cash flow was approximately $3.8 billion, up 4% year-over-year, and full-year free cash flow guidance reaffirmed at ~$21.5 billion or more (guidance of ~7%+ growth).
Transformation & AI Investment Progress
Launched a company-wide transformation with 10 major workstreams (AI-first, customer friction reduction, product simplification); management expects the AI tech stack to be substantially built by July and believes AI is already driving measurable improvements (e.g., customer SAT improvements).
Frontier Integration & Cost Synergies
Frontier acquisition closed Jan 20; integration is on track with a target of more than $1 billion of run-rate operating cost synergies by 2028 and management pursuing an OpEx savings target of $5 billion for 2026.
Capital Return & Balance Sheet Actions
Returned significant capital to shareholders: Q1 dividend increased by $0.07 (2.5%), $2.5 billion of share repurchases completed in Q1, and $5.4 billion of capital returned in the quarter; management is paying down Frontier debt and targets net unsecured leverage of 2.0–2.25x by 2027.
VZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | $46.38 | $47.10 | +1.55% |
Jan 30, 2026 | $39.22 | $43.86 | +11.83% |
Oct 29, 2025 | $38.08 | $38.94 | +2.26% |
Jul 21, 2025 | $38.88 | $40.45 | +4.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Verizon Communications (VZ) report earnings?
Verizon Communications (VZ) is schdueled to report earning on Jul 27, 2026, Before Open (Confirmed).
What is Verizon Communications (VZ) earnings time?
Verizon Communications (VZ) earnings time is at Jul 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VZ EPS forecast?
VZ EPS forecast for the fiscal quarter 2026 (Q2) is 1.28.
