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Verizon Communications (VZ)
NYSE:VZ
Earnings Data
Report Date
Apr 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.21Last Year’s EPS
1.19Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational momentum (best quarterly net adds in years), robust free cash flow, improved adjusted EBITDA, a clear cost-transformation plan with $5 billion OpEx savings targeted for 2026, an accelerated fiber strategy bolstered by the Frontier acquisition, and shareholder-friendly actions (dividend raise and $25B buyback authorization). Offsetting risks include a recent customer-impacting network outage, elevated churn from prior pricing actions, transitional revenue headwinds (lapping price increases and promo amortization), and a temporary increase in leverage due to Frontier. Management presented a confident turnaround plan with measurable near-term targets and significant emphasis on improving customer experience and operational efficiency.Company Guidance
Strong Quarterly and Annual Net Adds
Over 1 million mobility and broadband net adds in Q4, the highest reported quarterly net adds since 2019; Q4 postpaid phone net adds of 616,000 (consumer 551,000). 2025 combined FWA, Frontier and fiber net adds ~1.9 million, resulting in >16.3 million broadband connections for the year.
Record Fixed Wireless and Fios Performance
Fixed wireless access (FWA) Q4 net adds of 319,000 and Fios Internet Q4 net adds of 67,000 (highest Q4 additions since 2020).
Frontier Acquisition and Fiber Expansion
Frontier contributed 125,000 fiber net adds in Q4 (up 29% YoY) and deployed ~1.3 million new fiber passings in 2025 to bring Frontier to >9 million passings. Verizon now has over 30 million fiber passings and plans at least +2 million passings in 2026, with a medium-term goal of 40–50 million.
Financial Results: EBITDA, EPS and Cash Flow
Full-year adjusted EBITDA of $50.0 billion, up $1.2 billion (+2.5% YoY). Q4 adjusted EBITDA $11.9 billion. Adjusted EPS of $4.71 for 2025, up 2.6% YoY; Q4 adjusted EPS $1.09. Operating cash flow $37.1 billion and free cash flow $20.1 billion for 2025.
Ambitious 2026 Guidance and Step-Change Targets
Guidance for 2026: consolidated postpaid phone net adds of 750,000–1,000,000 (≈2–3x 2025), mobility & broadband service revenue growth 2–3% (~$93 billion), adjusted EPS $4.90–$4.95 (up 4–5% YoY), CapEx $16.0–$16.5 billion, and free cash flow ≥ $21.5 billion (~+7% YoY).
Cost Transformation and OpEx Savings Target
Announced plan to realize $5 billion of OpEx savings in 2026 through headcount reductions, marketing efficiencies, real estate rationalization, contract renegotiations and automation; also expect >$1 billion run-rate Frontier synergies by 2028 (double prior estimate).
Capital Allocation and Shareholder Returns
Board authorized up to $25 billion of share repurchases (to be completed over 3 years) with at least $3 billion planned in 2026; pulled forward a dividend increase of $0.07 (annualized) representing a 2.5% raise — the 20th consecutive year of dividend increases.
Balance Sheet Improvements
Net unsecured debt of $110.1 billion at year-end (improved $3.6 billion YoY); net unsecured debt / consolidated adjusted EBITDA ended at 2.2x (inside leverage target prior to Frontier close). Favorable financing for Frontier and early paydown of ~ $5.7 billion of Frontier debt since closing.
Operational Progress on Network Builds
C-Band build ~90% complete covering ~300 million POPs; exceeded Fios build targets for 2025; continued focus on network excellence while rationalizing non-core initiatives.
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 |
|---|---|---|---|
Jan 30, 2026 | $39.81 | $44.52 | +11.83% |
Oct 29, 2025 | $38.65 | $39.52 | +2.26% |
Jul 21, 2025 | $39.47 | $41.06 | +4.04% |
Apr 22, 2025 | $40.83 | $41.07 | +0.61% |
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 Apr 21, 2026, Before Open (Confirmed).
What is Verizon Communications (VZ) earnings time?
Verizon Communications (VZ) earnings time is at Apr 21, 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 (Q1) is 1.21.
