VZ

Beat

Earnings Call

Jul 24, 2026

Q2 FY2026

EPS Estimate

1.27

EPS Actual

1.30

Post-Earnings Close

$46.38

Earnings Reaction

+5.8%

Overview

Verizon's Q2 2026 results mark a genuine inflection point rather than incremental progress, the company beat EPS estimates by $0.03, delivered its best consumer postpaid phone net adds in five years, reported record adjusted EBITDA margin of 40.1%, and generated $6.4 billion in free cash flow, up 24% year-over-year. Management responded by raising guidance across every major financial metric for the second consecutive quarter, lifting full-year adjusted EPS growth to 6%, 7% (from 5%, 6%), mobility and broadband service revenue growth to 2.5%, 3% (upper half of prior range), free cash flow growth to 9%, 10%, and share repurchase targets to up to $4.5 billion. The breadth and magnitude of the raises, combined with the structural drivers cited, suggest this is more than a one-quarter beat.

Key Themes

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Notable Quotes

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Chief Executive Officer

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Report generated on Jul 25, 2026

AI-generated earnings analysis. Not investment advice.

Q&A Summary

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.

VZ

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Overview

Q&A Summary