Verizon Reports Earnings Beat and Raised Guidance Despite Revenue Miss
Verizon Communications Inc (NYSE:VZ) reported second-quarter results that exceeded Wall Street's adjusted earnings expectations, leading to a rise in its stock price. Although revenue fell short of forecasts at $34.25 billion versus expected $35.28 billion, the company raised its full-year outlook for both mobility and broadband service revenue growth as well as adjusted EPS. The firm added 184,000 postpaid phone customers in Q2—surpassing expectations—and reported strong subscriber trends across mobility and broadband services. Revenue from these segments grew by 2.8% year-over-year to $23.4 billion, with the company forecasting a growth acceleration to around 4% in Q4 of 2026. Verizon also increased its full-year share buyback target to up to $4.5 billion and raised adjusted EPS guidance for 2026 to between $4.99 and $5.04, reflecting a projected year-over-year growth rate of 6% to 7%. CEO Dan Schulman highlighted customer-centric initiatives as key drivers behind the company's subscriber gains.
Tickers: $VZ
Topics: guidance_update revenue_miss subscriber_growth telecom