Verizon letos vzrostl o 29,5 % a je blízko 52týdenního maxima. Společnost zároveň zvýšila výhled upraveného EPS na FY26 a vykázala šesté po sobě jdoucí překonání odhadů.
Verizon has quietly staged one of the year's most surprising large-cap comebacks, but the real question is whether the stock's best days are still ahead or already priced in.
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Shares of Verizon (NYSE:VZ | VZ Price Prediction) have quietly become one of the year’s most interesting large-cap turnaround stories. The stock has climbed 29.5% year to date and sits within striking distance of its 52-week high.
Even so, our proprietary model still sees room to run. Our 24/7 Wall St. price target for Verizon is $56.60, implying 11.6% additional upside from the current $50.78 quote. The model rates this a buy with high confidence.
Metric Value Current Price $50.78 24/7 Wall St. Price Target $56.60 Upside 11.6% Recommendation BUY Confidence Level 90% A Turnaround That Is Actually Working Verizon’s Q2 2026 report, delivered on July 24, 2026, marked its sixth consecutive earnings beat. Adjusted EPS came in at $1.30 versus a $1.27 consensus, on revenue of $34.25 billion.
Adjusted EBITDA margin expanded to 40.1% from 37.1%, postpaid phone net adds swung to 184,000 from a loss of 9,000 a year earlier, and free cash flow jumped 27.12% to $6.426 billion.
Management raised FY26 adjusted EPS guidance to $4.99 to $5.04 and lifted the buyback target to $4.5 billion. CEO Dan Schulman called it “a structural inflection point across our entire business.”
Why Bulls See a Breakout Above $60 The bull case is grounded in three levers. First, fiber. Verizon expects to exceed 32 million fiber passings by year-end, with a medium-term goal of 40 to 50 million. Fiber-broadband connections already grew 43.3% YoY to 10.9 million.
Second, AI infrastructure. Schulman flagged discussions with hyperscalers around dark fiber, lit fiber, and 5G assets that could unlock “multi billions in revenues.” Carriers are only one slice of that buildout, and we profiled seven other companies powering, cooling, and connecting AI data centers in a free report here.
Third, churn. Postpaid phone churn improved to 0.92%, and every basis point compounds. If the AI-revenue narrative materializes, our bull-case path lands at $63.82.
What Could Go Wrong Verizon carries $136.5 billion in unsecured debt and net leverage rose to 2.5x from 2.2x post-Frontier. GAAP net income fell 21.07% on $1.8 billion in special items, wireless retail postpaid ARPA slipped 1.4% to $168.35, and FWA net adds dropped 30.6%.
Bulls would counter that the special items are non-recurring and adjusted EBITDA still grew 7.2%. In a bear scenario, our model floor is $49.49.
How Verizon Stacks Up Against AT&T and T-Mobile AT&T (NYSE:T) is the closest strategic analog. Its Q2 2026 adjusted EPS of $0.65 beat by 10.71%, with fiber reaching 38.6 million locations and postpaid phone net adds of 432,000.
AT&T’s $179 billion market cap trades at a modest discount to Verizon’s $210.98 billion, but AT&T is guiding to $45 billion+ in shareholder returns through 2028, roughly matching Verizon’s return profile on a smaller base.
T-Mobile US (NASDAQ:TMUS) is the growth benchmark. Q2 revenue rose 7.85% to $22.79 billion, with Core Adjusted EBITDA margin at 50.2%. Postpaid ARPA of $152.91 and a market cap of $202.7 billion imply investors pay a premium for growth.
That premium is exactly why Verizon’s yield-and-turnaround setup at a lower implied multiple makes the 24/7 Wall St. price target look reasonable rather than aggressive.
Verizon Price Prediction 2026-2030 The model’s verdict: Buy, with a 24/7 Wall St. price target of $56.60 and 90% confidence. Margin expansion, six straight beats, and a $2.83 forward dividend that funds patience.
The bull thesis strengthens if Verizon delivers Q3 service revenue growth near the guided 3% and continues repaying Frontier debt. The thesis weakens if leverage climbs above 2.7x or postpaid churn ticks back above 1%.
Year 24/7 Wall St. Price Target 2026 $52.17 2027 $56.35 2028 $61.67 2029 $66.40 2030 $70.53 These projections assume Verizon executes on its fiber build-out, extracts Frontier synergies, and captures early AI-infrastructure revenue. Meaningful upside or downside would come from either a hyperscaler-scale AI network deal or a resurgence in promotional wireless competition.
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Verizon uzavřel s Corningem smlouvu na dodávky optických vláken do roku 2032 v objemu 80 milionů mil. Pokrývá rozšiřování domácího širokopásmového připojení i infrastrukturu pro datová centra s AI.
Verizon just signed a supply agreement with Corning that runs through 2032, and the scale of the commitment reveals exactly how aggressively the carrier plans to rewire its growth around fiber and AI infrastructure.
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80 Million Miles of Glass 80 million miles. That is the volume of high-density optical fiber and connectivity solutions Verizon (NYSE:VZ | VZ Price Prediction) has committed to buy from Corning (NYSE:GLW) under a multi-billion dollar agreement running 2027 to 2032, according to terms revealed alongside a Tuesday announcement covered by Barron’s. The deal names Corning Contour Flow Cable as a supplied product and deepens an existing 30-year Verizon-Corning relationship. The agreement spans both use cases: Verizon has locked in supply for consumer broadband and fiber-to-the-home buildout as well as the long-haul backbone for AI data centers.
What It Means Operationally Verizon is buying certainty. On its most recent call, CEO Hans Vestberg said the carrier is “solidly on track to have more than 32 million fiber passings by the end of this year” and is still “very focused on driving our fiber footprint 40 to 50 million over the medium term.” Reaching that medium-term footprint requires glass, and lots of it. An 80 million mile commitment covers both the fiber-to-the-home push and the dark and lit fiber Verizon plans to sell into AI infrastructure, where management has flagged “potentially multi billions in revenues” from hyperscalers and enterprises.
Verizon closed Q2 FY2026 with 10.9 million fiber broadband connections, up 43.3% year over year, and 348,000 broadband net adds, up 12.3% year over year. The Frontier Communications acquisition closed Jan 20, 2026, pushing the fiber footprint to 30 million-plus homes and businesses. Locking in supply through 2032 removes a bottleneck at exactly the moment Corning is telling investors “if we could make more, we could sell more.” Corning is one of the quieter names powering the AI data-center buildout, and we profiled seven suppliers like it, from power to cooling to fiber, in a free report you can grab here.
Market Reaction Verizon shares traded at $50.37 on Tuesday morning, up 0.46% on the session. The stock is up 8.39% over the past month and 29.89% year to date. Corning, the supplier side of the trade, traded at $161.46, up 8.58% over the past week and 85.38% year to date.
Bull Case For long-term Verizon holders, this contract does three things at once. It underwrites the network Verizon needs to hit its 40 to 50 million fiber-passings goal, it hard-wires the physical layer for the AI infrastructure revenue Dan Schulman flagged when he said “with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon’s growth trajectory”, and it does so alongside a balance sheet already funding the raised FY2026 buyback target of up to $4.5B and a $0.7075 quarterly dividend.
The operating results back the strategy. Q2 FY2026 delivered adjusted EPS of $1.30 versus a $1.27 consensus, the sixth straight EPS beat. Adjusted EBITDA margin expanded to 40.1% from 37.1%. Free cash flow reached $6.426 billion, up 27.12% year over year. Postpaid phone churn improved to 0.92% from 0.97%, and postpaid phone net adds swung to 184,000 from a loss of 9,000 a year earlier. Management has told investors converged customers show “almost 30% less” churn. More fiber, sold into more homes, alongside wireless, is the bull thesis, and Verizon just secured six years of the raw material to execute it.
Bottom Line An 80 million mile supply commitment through 2032 is the kind of number long-term holders should weigh heavier than any single quarter. It aligns Verizon’s capex plan, its $16.0 to $16.5 billion FY2026 capex range, its Frontier integration, and its AI infrastructure ambitions behind one physical asset base. Management has told investors more specifics on AI infrastructure revenue are due “in the next three to six months.” That is the next catalyst. The glass is already ordered.
Contact [email protected] for any questions or corrections.
Key Takeaways Verizon's consumer strategy is driving user growth while reducing acquisition and retention costs.Verizon targets $9 billion in savings as adjusted EBITDA rose 7.2% to $13.7 billion in Q2.Verizon sees AI infrastructure potential, while high capex, debt and competition remain concerns. Verizon Communications Inc. (VZ - Free Report) has gained 23.3% year to date compared with the Wireless National industry’s growth of 118.2%. The stock has outperformed the Zacks Computer & Technology sector during this period.
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The company has outperformed its peers like AT&T Inc. (T - Free Report) and T-Mobile US, Inc. (TMUS - Free Report) . Shares of AT&T have gained 4.4%, while T-Mobile has declined 7.8% during this period.
VZ Gains on Customer-Oriented Strategy, Cost Efficiency and AI FocusVerizon's new consumer strategy is driving user growth. The company introduced a broad loyalty program alongside its simplified Simplicity wireless plan. The strategy is designed to reduce customer friction, improve retention and attract new customer segments. The company has reported a 15% year-over-year decline in consumer promotional acquisition costs and a 17% reduction in promotional retention costs in the second quarter. Such an approach is expected to boost operating margin over time.
Verizon's transformation program is also improving profit. The company is targeting at least $9 billion in combined operating and capital expense savings. For that, VZ has taken several initiatives focused on lowering the cost to serve customers, improving productivity and streamlining customer interactions. The overall cost structure is already improving, backed by these initiatives. Second-quarter adjusted EBITDA increased 7.2% year over year to $13.7 billion, while the adjusted EBITDA margin reached 40.1%.
The company is increasing investment in improving its network to deliver reliable services. VZ is integrating AI to identify and resolve network issues. It recently acquired AWS-3 spectrum to enhance network capacity and customer experience.
Verizon's entry into the rapidly expanding AI infrastructure market will likely bring long-term benefits. The company is leveraging its extensive long-haul and metro fiber networks to serve hyperscalers, cloud providers and enterprises. VZ has already signed a dark-fiber agreement with Google worth more than $1 billion. The company expects to sign additional agreements in upcoming quarters.
Stiff Competition, Elevated Debt Burden are ConcernsVerizon operates in highly competitive wireless and broadband markets. Here, pricing, promotions, network quality and customer experience can significantly influence subscriber trends. The company faces competition from other major players, such as AT&T and T-Mobile.
Verizon's new Simplicity plans, Verizon One offering and expanded loyalty program are intended to improve customer retention without materially increasing promotional spending. However, aggressive responses from competitors could slow subscriber growth, pressure margins and reduce the benefits of Verizon's improving customer economics.
Verizon remains a capital-intensive business. The company expects 2026 capital expenditures of approximately $16-$16.5 billion, while continuing to invest in fiber, wireless infrastructure and spectrum. It also spent about $3.2 billion to acquire 82 AWS-3 spectrum licenses. High capex can impact free cash flow in the near term.
Its net unsecured debt-to-adjusted EBITDA ratio stood at 2.5 times at the end of the second quarter. At the end of second-quarter 2026, total unsecured debt stood at $136.5 billion, while net unsecured debt totaled $128.7 billion. Verizon is working to reduce leverage, but a substantial debt burden can limit financial flexibility.
Estimate Revision Trend of VZVZ’s earnings estimates for 2026 and 2027 have increased over the past 60 days.
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Key Valuation Metric of VZFrom a valuation standpoint, VZ appears to be trading relatively cheaper compared to the industry but trading above its mean. Going by the price/earnings ratio, the company’s shares currently trade at 9.65, lower than 37.6 for the industry.
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End NoteVerizon's growth outlook is increasingly supported by a combination of improving wireless and broadband subscriber trends. Beyond its traditional telecom operations, the company's extensive fiber assets provide an opportunity to capitalize on the rapid buildout of AI infrastructure. Focus on cost optimization is a positive. However, despite an improving outlook, intense competition continues to impact margins. High debt burden remains a concern. With a Zacks Rank #3 (Hold), VZ appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
XLC carries the word "communication" in its name, but the fund's actual portfolio has almost nothing to do with phone bills, fiber lines, or fat dividend checks. Before you assume you own telecom income, check what you actually hold.
Investors reaching for telecom-style income through the Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) often discover a mismatch between the name and the portfolio. XLC sits inside the S&P 500’s communication services sector, and the label suggests dividend-paying phone companies. The portfolio tells a different story. XLC is dominated by mega-cap tech and media, with Meta at 19.9% and two Alphabet share classes together accounting for another roughly 23% of net assets. If you bought XLC for reliable telecom yield, you own something closer to a growth-and-advertising fund. There is a cleaner way to get the exposure you actually wanted.
Why XLC Disappoints Income Seekers XLC holds legacy telecom names in modest sleeves: AT&T at 4.09%, Verizon at 4.14%, Comcast at 4.70%, and T-Mobile at 4.15%. The rest is Meta, Alphabet, Netflix, Electronic Arts, Take-Two, Disney, Warner Bros. Discovery, and media names. Those companies pay little or no dividend, which is why the fund’s distributable income is thin. It also explains XLC’s price action: shares are down 3.46% year to date as the ad-driven mega-caps have wobbled, while the telecom sleeve inside the fund has quietly done the heavy lifting.
For an investor who wants current yield, direct exposure to fiber and wireless convergence, and specific capital returns, the swap is straightforward: holding the three telecom-adjacent components directly isolates the yield without the tech ballast.
AT&T: Cash Flow Now Funding a Buyback Surge AT&T (NYSE:T | T Price Prediction) trades at $26.01 with a 4.36% dividend yield, roughly five times what XLC’s underlying portfolio kicks off. The payout looks well covered. Q2 2026 free cash flow reached $4.7 billion, and management reiterated $18 billion-plus in full-year free cash flow.
The capital return pace stands out. CFO Pascal Desroches said “Together, our planned share repurchases and expected dividend payments will total approximately $18 billion this year, which is essentially 100% of our outlook for free cash flow.” The buyback was pulled forward to approximately $10 billion in 2026, up from a prior $8 billion target. At a trailing P/E of 8, every dollar of repurchase removes shares cheaply. That is the mechanism XLC cannot deliver: AT&T shareholders capture 100% of the buyback impact, while XLC holders see it diluted by a 4% weight.
Verizon: The Yield Anchor With Fiber Growth Attached Verizon Communications (NYSE:VZ) offers the highest headline yield of the three at 5.65%, backed by 20 consecutive years of dividend increases. Shares are up 29.19% year to date, and the story behind that move matters. The Frontier deal closed January 20, 2026, and Verizon expects more than 32 million fiber passings by year-end. Management raised full-year adjusted EPS growth guidance to 5% to 6% and lifted the buyback authorization.
CFO Tony Skiadas said plainly, “The dividend is still ironclad for us, and we raised the dividend.” With $21.5 billion or more in full-year free cash flow guidance and a forward P/E of 10, Verizon skews toward yield first and modest growth second.
Comcast: A Cheaper Setup With an Optionality Kicker Comcast (NASDAQ:CMCSA) trades at $26.67 and a forward P/E of 8, with a 5% dividend yield. Wireless net additions of 448,000 were the best quarter on record, and Peacock reached profitability with $189 million of EBITDA. Q2 free cash flow was $4.6 billion.
Comcast paused its buyback as of July 1 pending the NBCUniversal and Sky spin-off, and adjusted EBITDA fell 13.4% year over year. The dividend continues, and holders receive shares of the standalone media company when the separation closes in roughly a year. That is optionality XLC cannot replicate.
How to Think About the Swap The three stocks together deliver a blended yield in the mid-5% range, versus the sub-1% distribution profile of XLC’s underlying holdings. You give up direct exposure to Meta, Alphabet, and Netflix, and you accept single-name risk on three balance sheets carrying meaningful debt: AT&T’s net leverage of 2.68 times is above its 2.5 times target, and Verizon sits at roughly 2.6 times. That blended yield is also close to what a mid six-figure balance needs to throw off a real monthly check (we sketched the full math for turning $250K into $1,500 a month in a free report: here). If you hold XLC in a taxable account, selling triggers capital gains. Redirecting new contributions into the three telecom names, rather than selling existing XLC shares, avoids triggering those gains.
Reading the Fit Before You Act Investors who own XLC for mega-cap tech and media exposure with a modest income tilt are getting what the fund is built to deliver. If you bought it thinking it was a telecom income vehicle, this direct trio delivers materially more yield, cleaner exposure to fiber and wireless convergence, and specific capital-return programs you can track quarter by quarter. That is a different job, and it deserves a different tool.
Contact [email protected] for any questions or corrections.
Bank of Nova Scotia ve 2. čtvrtletí snížila podíl ve společnosti Verizon o 14,9 % na 2 229 826 akcií. Verizon zároveň oznámil EPS 1,30 USD, nad odhadem 1,27 USD.
Bank of Nova Scotia cut its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,229,826 shares of the cell phone carrier’s stock after selling 391,941 shares during the quarter. Bank of Nova Scotia owned approximately 0.05% of Verizon Communications worth $94,410,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Strengthening Families & Communities LLC raised its stake in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the last quarter. Robinswood Financial LLC bought a new position in Verizon Communications in the 1st quarter worth about $27,000. Lam Group Inc. purchased a new stake in Verizon Communications during the 1st quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new stake in Verizon Communications during the 4th quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its holdings in Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.
Verizon Communications Stock Performance NYSE VZ opened at $50.11 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The business has a 50 day simple moving average of $45.91 and a two-hundred day simple moving average of $47.42. The stock has a market capitalization of $208.20 billion, a PE ratio of 13.05, a P/E/G ratio of 1.38 and a beta of 0.25.
Verizon Communications (NYSE:VZ – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The business had revenue of $34.25 billion for the quarter, compared to analysts’ expectations of $35.16 billion. During the same period in the prior year, the firm earned $1.22 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, research analysts predict that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year. Verizon Communications Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications’s dividend payout ratio is 73.70%.
Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on VZ. TD Cowen upped their target price on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Morgan Stanley raised their price target on shares of Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a report on Wednesday. Finally, Scotiabank boosted their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a research report on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Verizon Communications currently has a consensus rating of “Hold” and a consensus price target of $50.84.
Check Out Our Latest Stock Report on Verizon Communications
Insider Buying and Selling at Verizon Communications In related news, CEO Kyle Malady sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total transaction of $55,066.00. Following the completion of the sale, the chief executive officer directly owned 108,766 shares of the company’s stock, valued at approximately $5,444,825.96. This trade represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.03% of the company’s stock.
Verizon Communications Company Profile (Free Report)
Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.
The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.
Further Reading Five stocks we like better than Verizon Communications 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop? Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ – Free Report).
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Affinity Investment Advisors zvýšila ve 2. čtvrtletí podíl ve společnosti Verizon Communications o 24,8 % na 69 115 akcií. Verizon zároveň oznámil zisk na akcii 1,30 USD, nad odhadem 1,27 USD.
Affinity Investment Advisors LLC lifted its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 24.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,115 shares of the cell phone carrier’s stock after buying an additional 13,749 shares during the quarter. Verizon Communications makes up about 1.5% of Affinity Investment Advisors LLC’s portfolio, making the stock its 17th biggest position. Affinity Investment Advisors LLC’s holdings in Verizon Communications were worth $2,926,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. KBC Group NV increased its stake in Verizon Communications by 7.8% in the 2nd quarter. KBC Group NV now owns 1,657,363 shares of the cell phone carrier’s stock worth $70,173,000 after buying an additional 119,808 shares during the period. Bayforest Capital Ltd purchased a new position in Verizon Communications in the second quarter valued at about $149,000. Janney Montgomery Scott LLC grew its stake in Verizon Communications by 5.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,036,896 shares of the cell phone carrier’s stock valued at $86,242,000 after purchasing an additional 103,199 shares during the last quarter. North Dakota State Investment Board raised its holdings in Verizon Communications by 1.6% in the second quarter. North Dakota State Investment Board now owns 125,587 shares of the cell phone carrier’s stock worth $5,317,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Aviso Wealth Management raised its holdings in Verizon Communications by 2.6% in the second quarter. Aviso Wealth Management now owns 17,209 shares of the cell phone carrier’s stock worth $729,000 after purchasing an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.
Verizon Communications Stock Up 0.3% Verizon Communications stock opened at $49.34 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a market capitalization of $205.00 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.25. The business has a 50 day simple moving average of $45.52 and a 200-day simple moving average of $47.29. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.
Verizon Communications (NYSE:VZ – Get Free Report) last released its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. The business had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, analysts anticipate that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year. Verizon Communications Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, July 10th. Verizon Communications’s payout ratio is 73.70%.
Insider Transactions at Verizon Communications In other news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $48.68, for a total value of $53,548.00. Following the sale, the chief executive officer directly owned 109,866 shares of the company’s stock, valued at approximately $5,348,276.88. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.03% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have recently commented on VZ. Barclays increased their price objective on Verizon Communications from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Scotiabank upped their target price on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a research report on Monday, July 27th. Freedom Capital upgraded Verizon Communications to a “hold” rating in a research note on Friday, June 12th. Finally, Royal Bank Of Canada boosted their price target on Verizon Communications from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.84.
Read Our Latest Report on VZ
Verizon Communications Company Profile (Free Report)
Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.
The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.
Featured Stories Five stocks we like better than Verizon Communications 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ – Free Report).
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Odhad zisku na akcii (EPS) společnosti Verizon pro fiskální roky 2026 a 2027 za posledních 60 dní vzrostl na 5,03 USD a 5,29 USD. Firma zároveň těží z nižšího churnu a dohody s Googlem za více než 1 miliardu USD.
Key Takeaways VZ's postpaid gains, lower churn and new offerings are improving customer economics and retention.VZ's $1 billion-plus Google deal and edge data centers could fuel AI infrastructure growth.VZ faces slower FWA growth, heavy debt and intense competition despite improving earnings estimates. Earnings estimates for Verizon Communications Inc. (VZ - Free Report) for fiscal 2026 and fiscal 2027 have moved up 1.21% to $5.03 and 0.38% to $5.29, respectively, over the past 60 days. The positive estimate revision depicts bullish sentiments about the stock’s growth potential.
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Verizon’s Wireless and Broadband Growth Gains MomentumVerizon’s wireless business is showing solid subscriber momentum. During the second quarter, the company posted 184,000 postpaid phone net additions during the quarter, marking its strongest consumer second-quarter performance in five years. Core prepaid net additions totaled 73,000, extending the company's streak of positive prepaid subscriber growth to eight consecutive quarters.
Consumer postpaid phone churn declined to 84 basis points from 95 basis points in the fourth quarter of 2025. Verizon disclosed that promotional customer acquisition costs declined about 15% year over year and retention costs fell about 17%. Hence, the important driver is not only higher gross adds but also lower churn. This shows improving customer economics and greater operating leverage for Verizon.
Verizon has taken several approaches to further boost customer economics. In the second quarter, the company launched its Simplicity wireless plan, Verizon One and a companywide loyalty program. These offerings are designed to reduce churn and increase customer lifetime value. Verizon is increasingly using its wireless and broadband assets together. The Verizon One offering combines mobility and broadband into a single offering. The bundled offering also simplifies the customer experience. By opting for a single service provider for all internet requirements, users can bypass the billing, service and customer support-related complexities from several vendors. For Verizon, it increases customer stickiness, bringing significant cross-selling opportunities.
AI Infrastructure Investment is Becoming a New Growth VectorGoogle has signed an agreement worth more than $1 billion to use Verizon’s dark-fiber routes to connect its data centers. Verizon boasts an extensive metro fiber network that can offer low-latency and resilient connectivity needed to link data centers. Verizon is also converting some of its existing central offices into edge data centers to support AI inference closer to end users. The company is reportedly exploring deals with other hyperscalers as well. These AI infrastructure-related initiatives can become a major revenue-generating source for the next several years.
Major Challenges for VerizonFixed wireless access (FWA) remains an important growth engine for the company. However, FWA net additions fell 30.6% year over year to 193,000 in the second quarter. Clearly, growth momentum has weakened to some extent.
At the end of the second quarter of 2026, total unsecured debt stood at $136.5 billion, while net unsecured debt totaled $128.7 billion. Although both balances improved from the first quarter through stronger cash generation and debt reduction, net unsecured debt to adjusted EBITDA remained 2.5x. As of 2026, Verizon’s current ratio stood at 0.60, while its quick ratio was 0.57. A current ratio of lower than 1 suggests that the company might face difficulties in paying off short-term obligations.
Verizon continues to operate in a mature U.S. wireless market where national carriers and cable competitors compete aggressively on pricing, promotions and bundled offerings. The company faces competition from other major players, such as AT&T, Inc. (T - Free Report) and T-Mobile, US, Inc. (TMUS - Free Report) . AT&T is rapidly expanding its fiber infrastructure and has also undertaken a convergence strategy to drive user growth.
Price PerformanceVerizon has gained 8.2% in the past year compared with the Wireless National industry’s growth of 79%. The stock has underperformed the Zacks Computer & Technology sector during this time period.
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The company has outperformed its peers like AT&T and T-Mobile. Shares of AT&T have declined 13.7%, while T-Mobile has declined 28.8% during this period.
Key Valuation Metric of VZFrom a valuation standpoint, VZ appears to be trading relatively cheaper compared to the industry but trading above its mean. Going by the price/earnings ratio, the company’s shares currently trade at 9.11, lower than 38.13 for the industry.
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End NoteVerizon continues to strengthen its long-term investment case through improving customer acquisition, lower churn, broadband expansion and disciplined execution. Upward estimate revision underscores growing investor confidence. Verizon's new Simplicity plans, Verizon One offering and loyalty program are designed to improve customer retention without materially increasing promotional spending, but sustained competitive responses from rivals could slow margin expansion and reduce the benefits of improving customer economics over time. High debt burden remains a major concern. With a Zacks Rank #3 (Hold), VZ appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Verizon podle článku zrychluje růst díky novému vedení a AI infrastrukturním projektům, včetně dohody s Google za více než 1 mld. USD. Očekává se vyšší růst marží a tržeb od druhé poloviny roku 2026.
SummaryVerizon Communications Inc. remains a Buy, with a resilient core business, robust cash flows, and a well-covered 6%+ dividend yield.VZ’s new CEO has accelerated growth, improved churn, and launched AI-driven infrastructure initiatives, including a $1B+ Google dark fiber deal.AI infrastructure and data center retrofits are expected to drive higher-margin, multi-year revenue growth starting in H2 2026.Despite Starlink’s perceived threat, Verizon's spectrum advantage and new AI-driven growth opportunities support a VZ valuation re-rating to 9–10x EV/EBITDA. AoZaaStudio/iStock via Getty Images
Intro Back in January, when I made my first call on Verizon Communications Inc. (VZ), the stock was yielding just over 7%, and my Buy rating rested on the view that the dividend was
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Verizon rozšiřuje AI infrastrukturu prostřednictvím partnerství v oblasti optické sítě s Google a Project Glasswing od Anthropic; nové dohody by mohly začít přispívat k růstu tržeb v roce 2027.
Key Takeaways Verizon is expanding AI infrastructure through fiber partnerships and enterprise connectivity initiatives.VZ expects AI infrastructure agreements to begin contributing to revenue growth starting in 2027.Verizon is investing in 5G, broadband, automation and Frontier integration to support long-term growth. Communications providers are expanding beyond traditional wireless services into artificial intelligence infrastructure, fiber networks and converged connectivity. Verizon Communications (VZ - Free Report) is investing across these areas to diversify future growth opportunities.
While these initiatives could strengthen long-term earnings potential, investors should also consider the execution, competitive and capital investment risks that accompany a multi-year transformation.
How Verizon is Building AI InfrastructureVerizon is expanding its AI infrastructure strategy through a dark fiber agreement with Google and participation in Anthropic's Project Glasswing. Management also expects additional AI infrastructure agreements that could begin contributing to revenue growth in 2027.
These initiatives leverage Verizon's extensive fiber assets to connect AI data centers and enterprise workloads. The company views AI connectivity as an incremental growth opportunity alongside its core mobility and broadband businesses.
Why VZ is Expanding Enterprise ServicesVerizon's planned joint venture with BT Group is intended to strengthen international enterprise connectivity by combining complementary wireline assets. The strategy is designed to improve global networking capabilities for multinational customers.
Cloud-focused networking services and Verizon's broad fiber footprint create additional opportunities to diversify revenue beyond consumer wireless. Lumen Technologies, Inc. (LUMN - Free Report) also targets enterprise networking and fiber connectivity, highlighting the growing strategic importance of fiber infrastructure.
How Verizon is Driving ConvergenceVerizon continues combining wireless, fiber broadband and fixed wireless access into integrated offerings such as Verizon One. Management believes converged customers exhibit lower churn and stronger lifetime value than single-product subscribers.
Cross-selling mobility and broadband services also improves customer economics while increasing the value of Verizon's expanding fiber network. AT&T Inc. (T - Free Report) is pursuing a similar convergence strategy, reinforcing the importance of bundled connectivity across the industry.
How Verizon is Investing for Long-Term GrowthVerizon continues investing in network modernization, automation, 5G leadership and broadband expansion while integrating Frontier's assets. These investments are expected to support capacity, service quality and long-term competitiveness.
Management acknowledges that returns from AI infrastructure and network investments are likely to develop over several years, making disciplined capital allocation and operational execution critical to achieving targeted financial benefits.
How VZ Ratings Reflect These Industry TrendsThe bottom line is that Verizon is aligning its strategy with long-term industry trends through AI connectivity, enterprise networking and converged broadband services. Even so, competition, leverage and continued investment needs remain important factors for investors.
Verizon carries a Neutral long-term recommendation and a Zacks Rank #3 (Hold). Its Value Score of A, Momentum Score of A and VGM Score of A reflect attractive valuation and improving execution, while the Growth Score of C suggests a measured growth profile as these longer-term initiatives mature. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Verizon snížil churn u spotřebitelských telefonů na 0,84 % a zvýšil výhled růstu tržeb ze služeb na 2,5–3 %. Zároveň zvedl odhad upraveného EPS na 4,99–5,04 USD.
Key Takeaways Verizon cut consumer phone churn to 0.84% while adding 184,000 postpaid phone customers.VZ raised service revenue growth guidance to 2.5-3% and adjusted EPS to $4.99-$5.04.Verizon added 348,000 broadband customers and signed a $1 billion-plus dark fiber deal with Google. Verizon Communications Inc. (VZ - Free Report) used its second-quarter 2026 earnings call to argue that lower churn, disciplined customer acquisition and broadband expansion are creating a more durable growth model.
Management raised several full-year targets while detailing a sharper shift away from handset subsidies. Adjusted earnings of $1.30 topped the Zacks Consensus Estimate of $1.27, while revenues of $34.25 billion missed the $35.31 billion consensus.
VZ Sees a Structural Shift in Customer EconomicsCEO Daniel Schulman said Verizon’s transformation is producing a meaningful change in operating performance. He emphasized that subscriber gains are coming alongside lower churn and reduced acquisition and retention spending.
Consumer postpaid phone churn was 0.84%, down 6 basis points year over year. Verizon added 184,000 postpaid phone customers, while total mobility and broadband net additions exceeded 550,000.
Schulman said promotional acquisition costs fell about 15% and retention costs declined roughly 17%. Management views this combination of stronger volumes, improved retention and lower unit costs as a central driver of earnings and cash flow growth.
Verizon Raises Its Growth OutlookCFO Anthony Skiadas said mobility and broadband service revenues grew 2.8% to $23.4 billion, accelerating by 120 basis points from the first quarter.
Verizon raised its 2026 mobility and broadband service revenue growth outlook to 2.5-3%. Management expects growth to approach 3% in the third quarter and reach approximately 4% in the fourth quarter.
The company also raised adjusted earnings guidance to $4.99-$5.04 per share, representing 6-7% growth. Free cash flow is now expected to increase 9-10%, supported by EBITDA growth and lower equipment-related working-capital requirements.
VZ Reduces Its Reliance on Device SubsidiesManagement repeatedly highlighted a strategic move away from subsidy-heavy customer acquisition. Equipment revenues declined nearly 20%, or more than $1.2 billion, as upgrade volumes fell nearly 27%.
Schulman said each new account joining the Simplicity offering is effectively subsidy-free. The plan separates device financing from wireless pricing, which management expects to improve transparency and margins.
In the analyst discussion, a Morgan Stanley representative asked how the new value proposition was affecting customer growth. Schulman said gross additions were about 16% above internal forecasts, while new account additions were 31% better than expected.
Verizon Builds on Broadband ConvergenceVerizon added 348,000 broadband customers, including 193,000 fixed wireless and 155,000 fiber additions. Its broadband base reached approximately 17.1 million connections.
Schulman said 58% of broadband customers also use Verizon mobility services. Management sees these converged relationships as valuable because customers taking both products generate higher revenue and lower churn.
A UBS analyst questioned slowing fixed wireless additions and competition from satellite providers. Schulman said Verizon expects its broadband mix to shift toward fiber as coverage expands, while fixed wireless remains important in areas without fiber availability.
VZ Positions Fiber for AI Infrastructure DemandManagement introduced AI Connect as an additional long-term growth opportunity. Verizon signed an agreement valued at more than $1 billion to provide Google with dark fiber connecting data centers.
Schulman said other potential agreements could generate several billion dollars of revenues over the coming years.
Customers may purchase either dark or lit fiber, depending on whether they want Verizon to provide the supporting electronics and services.
Verizon is also converting selected central offices into edge data-center locations. Management expects AI infrastructure revenues to begin contributing in 2027, with margins equal to or above the company’s existing margin profile.
Verizon Expands Shareholder ReturnsSecond-quarter free cash flow increased 24.4% to $6.4 billion. First-half free cash flow rose 16% to $10.2 billion.
Verizon repurchased $1 billion of shares during the quarter, bringing first-half repurchases to $3.5 billion. Management raised its full-year repurchase target to as much as $4.5 billion.
Skiadas said net unsecured leverage improved to 2.5 times adjusted EBITDA. Verizon remains focused on investing in fiber and spectrum while reducing debt and maintaining its dividend.
VZ Management Maintains an Execution FocusManagement’s tone centered on operational discipline rather than promotional spending. Lower churn, convergence and cost reductions remain the immediate priorities.
Schulman said the second half of 2026 should outperform the first half, while 2027 should improve on 2026 as core service revenues accelerate and AI Connect begins contributing.
What Zacks Rank and Style Scores SignalVZ currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings-estimate revision outlook. Value, Momentum and VGM Scores of A point to favorable characteristics in those styles, while the C Growth Score reflects a more balanced growth profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Style Scores are designed to complement the Zacks Rank, with stronger combinations generally associated with Zacks Rank #1 and #2 (Buy) stocks. Verizon’s Rank may change as analysts revise estimates following the reported results and updated guidance.
Verizon uzavřel s Googlem AI infrastrukturu za více než 1 miliardu USD a čeká další podobné dohody do konce roku. Firma z nich očekává v příštích letech „několik miliard dolarů“ výnosů.
Verizon signed an over $1 billion artificial intelligence (AI) infrastructure deal with Google, and the company expects to sign several similar deals by the end of the year, Verizon CEO Dan Schulman said Friday (July 24) during a second quarter earnings call.
In the recently signed agreement, Verizon dark fiber will be used to connect Google’s data centers. In the other deals that the company expects to announce by year’s end, Verizon will earn “multiple billions of dollars in revenue” over the next several years, Schulman said.
“These are long-duration, high-quality contracted revenue streams from some of the most demanding infrastructure customers in the world,” Schulman said.
“We believe that this is just the beginning,” Schulman added. “The build-out of AI infrastructure across the United States is one of the largest capital cycles of our lifetime.”
Verizon is uniquely positioned to participate in this build-out because it owns an extensive long-haul and metro fiber footprint and it has built the carrier-grade, low-latency, highly resilient transport network that hyperscalers need to connect compute, models and regions, Schulman said.
The company has also begun retrofitting many of its central offices into data centers for inference edgecomputing, and it is already talking with multiple partners who are eager to use these power-ready and permitted locations, he said.
“We are moving quickly to expand our TAM [total addressable market] in the rapidly growing AI infrastructure market,” Schulman said. “The agreements we have signed are the leading edge of a strategy that will become a meaningful, incremental leg of growth for Verizon.”
Verizon announced in a January 2025 press release that it launched a strategy and suite of products and solutions called Verizon AI Connect that is designed to serve hyperscalers, cloud providers and global enterprises by managing AI resource-intensive workloads.
The company said at the time that Google Cloud and Meta were among the early adopters of these solutions.
In a Friday earnings release, Schulman said: “Our core connectivity business is gaining momentum, and with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon’s growth trajectory.”
PYMNTS reported Wednesday that during Google parent company Alphabet’s second-quarter earnings call, the company announced that it had raised its 2026 capital spending forecast from the previous $180 billion to $190 billion to the new forecast of $195 billion to $205 billion.
Verizon Communications vykázala za čtvrtletí EPS ve výši 1,3 USD, což překonalo odhad 1,27 USD. Tržby 34,25 miliardy USD ale za odhadem zaostaly o 3 %.
Verizon Communications (VZ - Free Report) came out with quarterly earnings of $1.3 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.36%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.22 per share when it actually produced earnings of $1.28, delivering a surprise of +4.92%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Verizon, which belongs to the Zacks Wireless National industry, posted revenues of $34.25 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3%. This compares to year-ago revenues of $34.5 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Verizon shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 8.2%.
What's Next for Verizon?While Verizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Verizon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.30 on $34.98 billion in revenues for the coming quarter and $4.98 on $142.32 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless National is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Uniti Group (UNIT - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This real estate investment trust is expected to post quarterly loss of $0.43 per share in its upcoming report, which represents a year-over-year change of -975%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Uniti Group's revenues are expected to be $883.47 million, up 193.8% from the year-ago quarter.
Verizon ve 2. čtvrtletí 2026 zvýšil upravený zisk na akcii na 1,30 USD a tržby z mobility a širokopásmového připojení vzrostly o 2,8 % na zhruba 23,4 mld. USD. Firma zároveň zvýšila celoroční výhled.
Mobility and broadband service revenue grew by 2.8 percent in second-quarter 2026, and forecasted to rise to approximately 4.0 percent growth in fourth-quarter 2026Delivered 184,000 postpaid phone net additions, with the best Consumer second-quarter postpaid phone net additions in the past five yearsGenerated more than 550,000 total mobility and broadband net additions in second-quarter 2026, an increase of more than 230,000 compared to second-quarter 2025Delivered more than 1 million mobility and broadband net additions in first-half of 2026, more than doubling the mobility and broadband net additions in first-half of 2025Built account momentum, achieving new postpaid account growth over the past 60 daysGrew cash flow from operations in first-half of 2026 by 9.9 percent compared to first-half of 2025 to fuel a 16.0 percent surge in free cash flow1. Second-quarter 2026 cash flow from operations grew by 16.3 percent and free cash flow1 grew by 24.4 percentExecuted with strict operational discipline and delivered solid consolidated net income performance to drive the highest adjusted EBITDA1 and adjusted EBITDA margin1 ever reportedRaised full year guidance for mobility and broadband service revenue, cash flow from operations, free cash flow1 and adjusted earnings per share (EPS)1Returned $9.4 billion in total capital to shareholders in first-half of 2026 while expanding the full-year share buyback target to up to $4.5 billion NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced exceptional second-quarter 2026 financial and operational results, showcasing how its customer-first strategic transformation is driving sustainable growth and momentum. Intense operational discipline and improved unit economics translated directly into subscriber growth, lower churn, strong operating cash flow and industry-leading free cash flow¹ generation. With these results, Verizon raised its full-year guidance for the second consecutive quarter. Verizon also expanded its full-year share buyback target to up to $4.5 billion.
“We’re putting customers at the center of every decision we make,” said Dan Schulman, Verizon CEO. “With recent updates including our new Simplicity plans, Verizon One converged offerings, and an industry-leading loyalty program, we are gaining subscribers and earning long-term retention based on real value rather than subsidized promotions. Our second-quarter results provide clear, compelling evidence that this transformation is driving a structural inflection point across our entire business. We are accelerating across our key metrics, achieving a step-change in churn reduction while lowering our customer acquisition and retention costs. By compounding lower churn with healthier unit economics, we have generated the strongest operating position we have seen in years. Our core connectivity business is gaining momentum, and with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon’s growth trajectory.”
2Q 2026 Highlights
Mobility and Broadband
Mobility and broadband service revenue reached approximately $23.4 billion, representing a 2.8 percent increase year-over-year.In second-quarter 2026, Verizon reported total postpaid phone net additions of 184,000, with the best Consumer second-quarter postpaid phone net additions in five years.Total core prepaid2 net additions were 73,000, representing eight consecutive quarters of positive net additions.Verizon delivered 348,000 broadband net additions in second-quarter 2026, a year-over-year increase of 12.3 percent. This includes total fixed wireless access net additions of 193,000 and 155,000 fiber broadband net additions.Verizon now has approximately 17.1 million fixed wireless access and fiber broadband connections. Consolidated Financial Results
Total operating revenue was $34.3 billion, down 0.7 percent year-over-year, as sequential improvement in mobility and broadband service revenue was offset by a nearly 20 percent, or over $1.2 billion, decline in equipment revenue. This decline resulted primarily from significantly lower upgrade volumes, as the average time customers keep their mobile devices continues to increase, and the company's strategic decision to reduce spending on device subsidies. It is another demonstration of Verizon’s more disciplined approach as the company structurally evolves its business model.Consolidated net income was $3.9 billion, a 22.9 percent decrease year-over-year. This decrease was primarily driven by $1.8 billion in pre-tax special items, including, among others, a $746 million loss on disposition of business in connection with the classification of the net assets representing Verizon's international wireline connectivity and managed network services business as assets and liabilities held for sale; asset rationalization charges of $258 million; and severance charges of $397 million.Consolidated adjusted EBITDA1 grew 7.2 percent year-over-year to $13.7 billion, the highest the company ever reported.Consolidated net income margin was 11.5 percent compared to 14.8 percent in second-quarter 2025.Consolidated adjusted EBITDA1 margin grew from 37.1 to 40.1 percent, the highest the company ever reported.EPS was $0.92 in second-quarter 2026, a 22.0 percent decrease compared to $1.18 in second-quarter 2025; adjusted EPS1, excluding special items, was $1.30 in second-quarter 2026, a 6.6 percent increase compared to $1.22 in second-quarter 2025.Cash flow from operations was $18.4 billion for the first-half of the year compared to $16.8 billion for the first-half of 2025, representing a growth rate of 9.9 percent.Capital expenditures were $8.2 billion through the end of the second quarter, as the company continues to invest strategically for network excellence and future growth opportunities within mobility and broadband.Free cash flow1 was $10.2 billion for the first-half of 2026 compared to $8.8 billion for the first-half of 2025, representing a growth rate of 16.0 percent.In second quarter 2026, strong cash from operations was $10.4 billion, up 16.3 percent year-over-year. Free cash flow1 was $6.4 billion, up 24.4 percent year-over-year, marking one of the strongest free cash flow¹ quarters ever reported.Verizon's total unsecured debt as of the end of second-quarter 2026 was $136.5 billion, compared to $142.5 billion at the end of first-quarter 2026. The company's net unsecured debt1 at the end of second-quarter 2026 was $128.7 billion compared to $130.1 billion at the end of first-quarter 2026. At the end of second-quarter 2026, Verizon's ratio of unsecured debt to consolidated net income (LTM) was 8.2 times and its net unsecured debt to consolidated adjusted EBITDA ratio1 was 2.5 times.Verizon successfully completed $1.0 billion of share repurchases in second-quarter 2026, bringing year-to-date repurchases to $3.5 billion. The full-year share repurchase target has been raised to up to $4.5 billion. Outlook and Guidance
Verizon does not provide a reconciliation for certain of the following adjusted (non-GAAP) forecasts because it cannot, without unreasonable effort, predict the special items that could arise, and the company is unable to address the probable significance of the unavailable information.
Given the strong second-quarter performance and visibility into the second half of the year, Verizon is raising guidance as follows:
Mobility and broadband service revenue growth for 2026 to be 2.5 to 3.0 percent, with wireless service revenue growth approximately flat in 2026 as the company transitions to sustainable volume-based growth. Total mobility and broadband service revenue growth is expected to approach 3.0 percent in third-quarter 2026 and approximately 4.0 percent in fourth-quarter 2026, accelerating from the 2.8 percent increase reported in the second-quarter 2026.Adjusted EPS1 of $4.99 to $5.04, or year-over-year growth of 6.0 to 7.0 percent, representing a significant acceleration compared to recent historical performance.Cash flow from operations growth of approximately 2.0 to 4.0 percent year-over-year.Free cash flow1 growth of 9.0 to 10.0 percent year-over-year. In addition, for 2026, Verizon continues to expect the following:
Total retail postpaid phone net additions are expected to be in the upper half of the 750,000 to 1.0 million range, which is approximately 2 to 3 times the 2025 reported result.Capital expenditures of $16.0 billion to $16.5 billion. 1 Non-GAAP financial measure. See the accompanying schedules and www.verizon.com/about/investors for reconciliations of non-GAAP financial measures cited in this document to most directly comparable financial measures under generally accepted accounting principles (GAAP).
2 Represents total prepaid results excluding our SafeLink brand.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/about/news. For images and logos, visit verizon.com/about/news/media-resources. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Forward-looking statements
In this communication we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets,” "will" or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: the effects of competition in the markets in which we operate, including the inability to successfully respond to competitive factors such as prices, promotional incentives, network performance and quality, and evolving consumer preferences; failure to take advantage of, or respond to competitors' use of, developments in technology, including artificial intelligence, and address changes in consumer demand; the inability to implement our business strategy; adverse conditions in the U.S. and international economies, including inflation and changing interest rates in the markets in which we operate; changes to international trade and tariff policies and related economic and other impacts; cyberattacks impacting our networks or systems and any resulting financial or reputational impact; our ability to implement business transformation initiatives and achieve their anticipated benefits; system failures and disruptions to our networks and operations and any resulting financial, reputational or business impact; disruption of our key suppliers’ or vendors' provisioning of products or services, including as a result of geopolitical factors, public health crises, natural disasters or extreme weather conditions; material adverse changes in labor matters and any resulting financial or operational impact; damage to our reputation or brands; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks or businesses; allegations regarding the release of hazardous materials or pollutants into the environment from our, or our predecessors’, network assets and any related government investigations, regulatory developments, litigation, penalties and other liability, remediation and compliance costs, operational impacts or reputational damage; significant amount of outstanding debt; significant litigation and any resulting material expenses incurred in defending against lawsuits or paying awards or settlements; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or regulations, or in their interpretation, or challenges to our tax positions, resulting in additional tax expense or liabilities; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; our ability to return capital to shareholders, including the amount, timing, and effect of share repurchases and dividends; and risks associated with mergers, acquisitions, divestitures and other strategic transactions, including our ability to obtain cost savings and other synergies and anticipated benefits of completed transactions within the expected time period or at all.
Verizon Communications Inc. (NYSE:VZ) will release its second quarter earnings report before the opening bell on Friday, July 24.
Analysts expect the New York-based company to report quarterly earnings of $1.27 per share, up from $1.22 per share in the year-ago period. The consensus estimate for Verizon’s quarterly revenue is $35.11 billion. It reported $34.5 billion last year, according to Benzinga Pro.
On June 29, Verizon disclosed that it expects a second-quarter loss of $700 million to $800 million due to the classification of assets from its Contributed Business as assets and liabilities held for sale.
Shares of Verizon fell 1% to close at $43.82 on Thursday.
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Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying VZ stock? Here’s what analysts think:
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Verizon prodá 274 vlastních prodejen franšízám a zruší asi 500 korporátních pozic, přičemž změny se dotknou zhruba 3 000 zaměstnanců. Firma zároveň uvedla, že její dividendový výnos činí přibližně 6,5 %.
Verizon (VZ +0.59%) spent last week doing what it has done all year under CEO Dan Schulman: getting smaller. The telecom giant said it will sell 274 company-owned retail stores to franchise operators and cut about 500 corporate positions, moves that affect roughly 3,000 employees in total. The changes take effect in mid-August and come on top of the more than 13,000 job cuts Verizon announced in November.
Headlines like these can spook income investors. But does it make sense to be fearful? At the stock's current price near $44, shares yield about 6.5% -- one of the largest payouts among major U.S. companies.
So, with second-quarter earnings due Friday morning, July 24, is a dividend this big still safe at a company this focused on cutting?
I believe it is. If anything, the restructuring is part of why.
Image source: Getty Images.
Shrinking by design Schulman took over in October and has moved quickly to build a leaner company. The November restructuring was Verizon's largest-ever round of layoffs, and it included handing 179 stores to franchisees.
Last week's move extends the same strategy, leaving Verizon with about 1,000 corporate-owned stores. Most of the affected retail employees' jobs shift to the franchise operators taking over their locations rather than disappearing outright.
So far, the approach has coincided with better results, not worse. First-quarter revenue rose 2.9% year over year to $34.4 billion, and cash flow from operations came in at $8 billion. And adjusted earnings per share climbed 7.6% to $1.28 -- an acceleration the company said was its best quarterly growth on that measure since 2021.
The subscriber trends have turned as well. Verizon added 55,000 postpaid phone customers in the first quarter, its first positive result on that metric in a first quarter since 2013. Broadband remained a growth engine, adding 341,000 net customers, including 214,000 fixed wireless access connections.
Additionally, management raised its full-year guidance, now calling for adjusted earnings-per-share growth of 5% to 6%.
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A dividend is only as safe as the cash flow behind it. And Verizon's cash flow is heading in the right direction.
Verizon generated $3.8 billion of free cash flow during the period, up 4% year over year. For the full year, management guided for free cash flow of at least $21.5 billion, or growth of about 7%, even while spending $16 billion to $16.5 billion on capital expenditures.
The dividend costs Verizon a little over $11 billion a year. The company paid $11.2 billion in cash dividends in 2024, for instance. In other words, guided free cash flow covers the payout nearly twice over.
That's a comfortable cushion. It's also what lets a company keep raising its dividend straight through a restructuring -- Verizon has increased its payout for 20 consecutive years, a streak management extended in January.
And the valuation adds another layer of support. Shares trade at about 10 times earnings and about 9 times consensus earnings-per-share estimates for the next 12 months. Even measured against earnings rather than cash flow, the payout ratio sits near two-thirds -- elevated for most companies, but ordinary for a telecom. Nobody is paying a premium here for growth that doesn't exist.
There is an important caveat, though: growth is thin. Mobility and broadband service revenue rose just 1.6% year over year in the first quarter, growth management said was dented by a January network outage.
Of course, cost cuts can fund a dividend for a long time. But they can't grow one forever. Eventually, the leaner Verizon has to deliver sustained subscriber and revenue gains, not just a smaller expense base.
That's what makes Friday's report worth watching. The items I'd check first are free cash flow, postpaid phone additions against the company's full-year target of 750,000 to 1 million (management expects the upper half of that range), and service revenue growth with the outage noise gone.
Unless those numbers crack, the dividend looks well protected. A payout covered nearly twice over by free cash flow, backed by improving subscriber trends and a management team attacking the cost base, is not a payout in danger.
For income investors, I think the dividend stock remains a solid option at today's price. Collect the 6.5% yield, and let Schulman keep shrinking the company into better shape.
The latest implementation of a shifting retail strategy was the spark that lit the fuse under Verizon Communications (VZ +2.37%) stock on Thursday. Cheered by the move, investors pushed the big telecom's stock up by more than 2%, on a day when the S&P 500 index only ticked up by 0.4%.
Franchises on the rise Verizon announced that it aims to sell 274 of its stores around the U.S., and cut roughly 500 corporate jobs as part of a broader restructuring program.
Image source: Verizon Communications.
All told, this round of store transitions will affect around 3,000 of the company's retail and corporate employees. The stores are to be sold to third parties that will operate them under franchise agreements; many of the affected workers would likely be retained by those entities.
Increasingly, Verizon's retail outlets are being managed under the franchise model. Currently, around 5,000 company stores are run in this manner. Following the sale announced on Thursday, Verizon will directly operate only about 1,000 of its outlets.
Just after current CEO Dan Schulman took the reins last October, the company announced plans to cut roughly 15% of its workforce, or around 13,000 people. This is partly in anticipation of artificial intelligence (AI) taking over certain functions, such as aspects of customer service.
Other components of this corporate makeover include a recently introduced, simplified service plan for clients and a refreshed loyalty program.
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The dividend difference While it's never heartening to learn of potential job cuts, the silver lining is that the current program could result in a genuinely leaner, more efficient Verizon if done well. Shareholders would currently welcome the return of solid growth for the company, but as it stands, it's a reliable (if unspectacular) performer that pays a handsome, high-yield dividend (over 6%).
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.
Verizon bude pro nově vyráběné vozy BMW Group v USA dodávat 5G Standalone a LTE konektivitu. Podpoří tím ConnectedDrive, telematiku, infotainment i bezpečný přenos dat.
Key Takeaways Verizon will provide 5G Standalone and LTE connectivity for newly built BMW Group vehicles in the U.S.VZ's network will support ConnectedDrive with telematics, infotainment and secure data transmission.Verizon expands its automotive portfolio through a stronger KDDI partnership and 5G Standalone rollout. Verizon Communications (VZ - Free Report) has partnered with KDDI Corporation (KDDIY - Free Report) to provide connectivity for newly manufactured BMW Group vehicles in the United States. The agreement strengthens the company’s position in enterprise wireless services while expanding its presence in the connected vehicle market.
Under the agreement, Verizon will provide 5G Standalone and LTE connectivity for new BMW, MINI and other BMW Group vehicles in the United States, supporting the automaker's ConnectedDrive platform. Its nationwide 5G infrastructure will power advanced telematics, remote functions, digital infotainment and app-based services. In collaboration with KDDI's Global Communications Platform, Verizon’s network will ensure secure, reliable data transmission, helping the automaker efficiently manage its vehicle connectivity services.
The collaboration also introduces Verizon's nationwide 5G Standalone offering for connected vehicles. Newly manufactured BMW Group vehicles will be the first to operate on the platform, powered by its 5G core and built-in 3GPP Release 16 industry standards. It further strengthens Verizon’s long-standing relationship with KDDI and expands its automotive portfolio, which includes telematics services for Volkswagen Group brands.
As vehicles become increasingly software-driven, Verizon's advanced wireless network capabilities are expected to enable connected services, real-time communication and next-generation mobility solutions.
How Are Competitors Advancing in the Automotive Industry?Verizon faces stiff competition from AT&T, Inc. (T - Free Report) and T-Mobile, US, Inc. (TMUS - Free Report) . AT&T has expanded its automotive business by bringing 5G connectivity to Rivian's upcoming R2 electric vehicle. The company has partnered with Mitsubishi Motors to bring 5G connectivity to the Outlander. AT&T continues to expand its Connected Car platform, helping automakers deliver seamless in-vehicle connectivity, infotainment and digital services through its 5G network.
T-Mobile is strengthening its presence in the automotive sector with 5G and IoT solutions for connected vehicles. The company works with automakers to support telematics, over-the-air software updates, and in-car infotainment through its nationwide 5G network. T-Mobile is advancing its 5G Standalone technology to enable faster and more reliable connectivity for future vehicles.
VZ’s Price Performance, Valuation & EstimatesVerizon’s shares have gained 1.3% over the past year compared with the industry’s 94.8% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Verizon trades at a forward price-to-earnings ratio of 8.24, below the industry average of 47.66.
Image Source: Zacks Investment Research
Earnings estimates for 2026 and 2027 have remained static at $4.96 and $5.25 per share, respectively, over the past 60 days.
Image Source: Zacks Investment Research
Verizon currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Verizon bude pro nově vyráběná vozidla BMW Group pro USA poskytovat konektivitu 5G Standalone a LTE. Jde o první vozy napojené na jeho celostátní nabídku 5G Standalone pro Connected Vehicles.
July 09, 2026 08:00 ET | Source: Verizon Communications, Inc.
At a glance:
Verizon will provide 5G Standalone and LTE connectivity directly to BMW Group vehicles in the U.S., delivering exclusive telematics support for the BMW Connected Drive system in newly manufactured vehicles The deal stems from Verizon’s long-term partnership with KDDI, which supplies its proprietary Global Communications Platform to BMW Group and global connected services to OEMs in various other industries NEW YORK and DALLAS, July 09, 2026 (GLOBE NEWSWIRE) -- Verizon Business and KDDI today announced a collaboration with BMW Group uniting Verizon’s world-class 5G and LTE networks, KDDI’s expansive Global Communications Platform, and BMW Group’s superior automotive engineering for a second-to-none connected-vehicle experience.
Verizon now provides telematics connectivity for new BMW, MINI, and other BMW Group vehicles manufactured for the U.S. market. This collaboration delivers cellular connectivity directly to BMW Group vehicles, enabling BMW Connected Drive and other digital infotainment, remote, app and telematics services.
“Verizon is committed to delivering seamless connectivity for customers. Our collaboration with BMW Group and KDDI prioritizes innovation and capability to advance the connected experience for drivers across the U.S.,” said Kyle Malady, CEO, Verizon Business.
This major launch stems from Verizon’s long-standing relationship with KDDI, who provides IoT services through its Global Communications Platform to Original Equipment Manufacturers (OEMs) in demanding industries. KDDI’s platform enables a programmable connected experience for BMW Group, giving the automaker complete control of the connectivity and data packets flowing reliably and securely through Verizon’s state-of-the-art 5G network. The service is available for all newly manufactured BMW Group vehicles in the United States.
“At KDDI, we are honored to support BMW Group’s next generation connected vehicle services with our Global Communications Platform,” said Satoshi Oishi, President & CEO, KDDI America Inc. “With over two decades of experience in connected car telecommunications, we understand the critical importance of performance and reliability. Together with BMW Group and Verizon, we are committed to delivering an exceptional connected driving experience to customers across North America.”
These vehicles are the first to be connected to Verizon’s nationwide 5G Standalone for Connected Vehicles offering using its 5G core and 3GPP Release 16 industry standards for 5G standalone.
Visit LinkedIn for more information about KDDI and its connected-vehicle subsidiary KDDI Spherience.
Visit Verizon’s connected-vehicle website to learn more about our services and capabilities or to reach out to a Verizon Business sales representative.
This announcement was originally published by Verizon. Read the original press release.
Verizon Communications uzavřela na 42,07 USD, tedy o 1,15 % níže, a za poslední měsíc klesla o 6,19 %. Trh očekává výsledky 24. července 2026, s odhadovaným EPS 1,27 USD a tržbami 35,41 miliardy USD.
Verizon Communications (VZ - Free Report) closed the most recent trading day at $42.07, moving -1.15% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.72% for the day. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
The stock of largest U.S. cellphone carrier has fallen by 6.19% in the past month, lagging the Computer and Technology sector's loss of 6.12% and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Verizon Communications in its upcoming earnings disclosure. The company's earnings report is set to go public on July 24, 2026. The company's upcoming EPS is projected at $1.27, signifying a 4.10% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $35.41 billion, indicating a 2.62% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.96 per share and a revenue of $142.69 billion, demonstrating changes of +5.31% and +3.25%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Verizon Communications. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.33% increase. As of now, Verizon Communications holds a Zacks Rank of #3 (Hold).
In terms of valuation, Verizon Communications is currently trading at a Forward P/E ratio of 8.57. Its industry sports an average Forward P/E of 10.59, so one might conclude that Verizon Communications is trading at a discount comparatively.
Also, we should mention that VZ has a PEG ratio of 1.04. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Wireless National industry held an average PEG ratio of 1.04.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 175, which puts it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
AT&T vykázala tržby 31,51 miliardy USD a upravený EPS 0,57 USD, přičemž čistých přírůstků internetových zákazníků měla 584 000. Verizon po akvizici Frontier zvýšil počet připojení k optickým sítím o 41,9 % na zhruba 10,8 milionu a upravený EPS dosáhl 1,28 USD.
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AT&T (NYSE:T | T Price Prediction) and Verizon (NYSE:VZ) both closed transformative fiber acquisitions early this year and just delivered Q1 2026 results that show two telecom giants racing toward the same convergence prize from very different starting points.
AT&T is running an established playbook. Verizon is executing a turnaround under a brand new CEO. The quarter makes their choices unusually easy to compare.
Fiber Momentum Carries One. A Turnaround Story Carries the Other. AT&T posted $31.51 billion in revenue and adjusted EPS of $0.57, with consumer wireline broadband revenue jumping 27.3% to $2.80 billion after closing the Lumen Mass Markets fiber deal on February 2, 2026.
John Stankey told investors AT&T saw “our best first quarter ever for Advanced Connectivity internet customer net additions.” The numbers back him up: 584,000 internet net adds and 294,000 postpaid phone adds at a tight 0.89% churn. That is a well-oiled machine.
Verizon looks different. New CEO Dan Schulman inherited a franchise losing share, and Q1 delivered the first positive Q1 postpaid phone net adds since 2013, a swing of over 340,000 year over year. Revenue reached $34.44 billion with adjusted EPS of $1.28.
Fiber broadband connections climbed 41.9% to roughly 10.8 million after the Frontier deal closed January 20, 2026. Schulman called it a “turnaround” that is “gaining momentum.” A January network outage still cost 80 basis points of wireless service revenue growth, so this is momentum with scars.
Convergence Leader vs Turnaround Bet Lens AT&T Verizon Fiber footprint 37M+ locations, targeting 60M by 2030 30M+ homes and businesses post-Frontier Convergence rate Nearly 45% of home internet subs also on wireless Rebuilding under new leadership 2026 guidance Reiterated: EPS $2.25 to $2.35, FCF $18B+ Raised: EPS $4.95 to $4.99, FCF $21.5B+ Total debt $138.4B $172.5B Dividend yield 5.09% 6.27% Stankey is doubling down on bundling fiber and 5G through the AT&T Guarantee. Schulman is stripping friction, cutting SG&A by 3.1%, and pushing business EBITDA margins to 26.5% from 23.1%.
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Verizon still carries higher leverage and softer wireless economics: postpaid phone churn rose to 0.97% and ARPA slipped 1.9%.
The Next Test Is Whether Verizon Can Hold Its Gains I will be watching whether AT&T hits its 40 million fiber locations target by year-end while keeping churn under one point. For Verizon, the question is durability.
One clean quarter of phone adds is not a trend, and the Starlink mobile narrative already spooked retail traders, dragging Reddit sentiment to a bearish 32 in late June. You should also keep an eye on integration costs from Frontier and whether Verizon repays that debt on schedule.
Why I Lean Toward AT&T Today, With a Caveat Personally, I find AT&T’s story easier to trust right now. The convergence flywheel is already spinning, the fiber lead is real, and shares trade at just 7x trailing earnings after falling 25.99% over the past year.
For yield-focused investors, Verizon’s 6.27% dividend and raised guidance frame it as the turnaround story to watch, especially if Schulman keeps delivering. If input costs, Starlink pressure, or another outage rattle the group, I would rather own the operator already executing than the one still proving it can.
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Verizon oznámil společný podnik s BT Group a ve 2. čtvrtletí zaúčtuje ztrátu 700 až 800 milionů USD. Akcie zároveň tlačilo i vyřazení z indexu Dow Jones Industrial Average.
Shares of Verizon (VZ 5.11%) fell on Monday, down as much as 8.1%, before recovering to a 5.8% decline as of 1:54 p.m. EDT.
There was a spate of news for Verizon today. First, the company announced it would spin off its international enterprise-focused operations into a joint venture with BT Group (OTC: BTGO.F), while also announcing headcount reductions and severance charges as part of its own cost-cutting initiatives.
Additionally, rival and partner Comcast (CMCSA +4.53%) announced its intentions to separate its broadband and mobile services from its NBCUniversal and Sky media properties. There was also a report over the weekend that Space Exploration Technologies (SPCX +7.18%) was in discussions with Charter Communications (CHTR +9.50%) to use its terrestrial network for a mobile phone service.
Finally, today was the first day Verizon began trading outside of the Dow Jones Industrial Index.
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A busy day for Verizon, but not in a good way All of these factors could be playing into Verizon's decline today, though it's not clear exactly which news item contributed, or by how much.
As part of the new joint venture with BT Group, Verizon will contribute $625 million in cash to the new entity and will also record a loss of $700 million to $800 million in the second quarter. These are the negatives of the spin-off-and-sale. However, Verizon also noted the transaction should be accretive to second-quarter adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), likely due to large expense cuts.
Meanwhile, Comcast rose on the news of its separation, and Charter rose on the news of its talks with SpaceX. Professional investors or ETFs that track telecom stocks could be selling other names in the group, such as Verizon, to raise funds to buy Comcast and Charter shares. Comcast's stock is down over 25% over the past year; Charter's stock is down a stunning 63%; and Verizon posted a small gain. Therefore, investors may be selling more fully valued Verizon shares to buy Comcast or Charter.
As for the SpaceX-Charter speculation, investors might see it as a competitive threat to Verizon's traditional mobile offering. However, it should also be noted that Charter actually uses Verizon's network on a wholesale basis to power its mobile offerings. So, the competitive implications of a potential SpaceX service, if it even happens, are more complicated.
Image source: Getty Images.
Finally, Verizon was removed from the Dow Industrial Average, replaced by Alphabet (GOOG +4.94%) (GOOGL +4.79%). The move was announced last week, but today was the first trading day in which Verizon traded outside the Dow. That could have led to selling pressure from index funds that track the index.
Verizon remains a dividend play, but watch out for disruption Despite today's downturn, Verizon's fundamentals haven't changed much. It is still part of a U.S. oligopoly of mobile wireless telecoms that dominate the industry. There isn't much growth there, but Verizon does pay a hefty 6.1% dividend.
However, there's a big trade-off for that nice dividend yield. Verizon doesn't have that much growth ahead of it, and it faces intense competition even with its traditional rivals. Add in the uncertainty over a potential SpaceX entry into the mobile industry, and Verizon's stock price seems capped for the foreseeable future.
BT Group a Verizon vytvoří společný podnik v poměru 50:50 pro mezinárodní konektivitu. Nový podnik má obsluhovat více než 3 000 zákazníků ve více než 180 zemích s kombinovanými ročními tržbami kolem 4 miliard USD.
June 29, 2026 02:00 ET | Source: Verizon Communications, Inc.
BT Group and Verizon agree to combine their respective international operations in a 50:50 joint venture, creating a new company focused on multinational connectivity.The joint venture will serve more than 3,000 customers across more than 180 countries, representing approx. $4 billion in combined annual revenue.The combination of international networking businesses creates a future-ready, scaled organization underpinned by a new platform designed for the age of cloud and AI.Martijn Blanken is appointed Chief Executive Officer-designate of the new joint venture, conditional on completion of the transaction.The transaction is expected to complete in 2027, subject to regulatory clearances and other customary closing conditions. LONDON and NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- BT Group (BT) and Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the signing of an agreement to combine their respective international enterprise operations into a 50:50 joint venture – in a move that is set to transform international connectivity.
The new joint venture will focus on serving multinational organizations. It is expected to serve more than 3,000 customers across more than 180 countries, representing approximately $4 billion in combined annual revenue. This breadth of operations will unlock significant scale efficiencies across the combined global network and service operations following completion.
Designed specifically for a cloud-first world in the age of AI, the joint venture brings together BT International, which serves multinational customers with secure and resilient communication and network services around the world, with Verizon’s international enterprise wireline arm, which provides secure connectivity to enterprises worldwide. Both BT and Verizon will hold equal voting rights and Verizon has agreed to pay BT an equalization payment of $625 million.
By combining global scale with infrastructure designed and built to support local compliance and sovereignty needs, the joint venture will create a stronger platform for growth and accelerate the rollout of next-generation connectivity platforms. Customers will benefit from secure and resilient connectivity designed to meet data, operational and regulatory requirements.
At the same time, the parent companies will be better able to focus on their domestic markets, while providing support to the new joint venture as equal shareholders.
BT and Verizon have also today confirmed that Martijn Blanken has been appointed Chief Executive Officer-designate of the new joint venture, conditional on the completion of the transaction. Martijn has almost three decades in senior leadership positions across telecommunications, technology and digital infrastructure at Telstra, Openwave Systems, EXA Infrastructure and KPN, and a career spanning four continents. From September 1, 2026, he will join BT and will work with both parent companies, while observing relevant regulatory requirements, as they prepare for the launch of the proposed joint venture.
Clive Selley will continue to lead BT International as CEO, ensuring continuity of BT International’s ongoing transformation in readiness for the creation of the joint venture. Verizon’s leadership remains unchanged.
Allison Kirkby, Chief Executive of BT Group, said: “The world’s leading brands and international organizations trust BT International to connect them across the world. Bringing together this expertise and heritage with Verizon’s deep relationships with multinationals will create a stronger, scaled connectivity partner – one that has the reach, innovation and investment to succeed. Customers will benefit from new, secure and resilient connectivity platforms which are designed for the age of AI and sovereign where it matters. It will create new opportunities for our people and long-term value for our owners. Today’s announcement marks a major milestone for BT International, and an important step forward for BT as a whole, as we deliver on our U.K.-focused strategy.”
Dan Schulman, CEO of Verizon, said: "Our international customers require secure, flexible connectivity that works seamlessly across borders and cloud environments. When we thought about how to best support them, this joint venture was the clear answer: a cutting-edge, AI-ready and secure platform run by a single global organization dedicated to their needs. At the same time, our relationship with those customers will stay equally strong as we continue to directly provide them with the connectivity they need in the U.S."
The transaction is subject to regulatory clearances and consultation with employee representations in countries where required. BT and Verizon’s international businesses will continue to operate independently until the transaction officially closes with a full commitment to their respective customers.
Additional information
The new joint venture will be incorporated in the Bailiwick of Jersey and headquartered and tax resident in the United Kingdom.On completion of the transaction, the new joint venture will establish commercial relationships with both BT and Verizon – providing a seamless, end-to-end service across borders including for our customers in the U.K. (BT) and the U.S. (Verizon).Goldman Sachs acted as lead financial advisor to BT, with Deloitte transaction services advisor and Freshfields LLP as legal counsel. Morgan Stanley & Co. LLC acted as financial advisors to Verizon and Kirkland & Ellis LLP acted as legal counsel. Verizon Forward-Looking Statements
This communication contains forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include those regarding our possible or assumed future results of operations and those regarding our ability to consummate the proposed transaction with BT Group plc and obtain cost savings, synergies and other anticipated benefits within the expected time period or at all. Forward-looking statements also include those preceded or followed by the words "anticipates," "assumes," "believes," "estimates," "expects," "forecasts," "hopes," "intends," "plans," "targets," “will” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
This announcement was originally published by Verizon. Read the original press release.
About BT Group
BT Group is the U.K.’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services.
BT Group consists of four customer-facing units: Consumer serves individuals and families in the U.K.; Business covers companies and public services in the U.K.; International serves multinational organisations headquartered outside the U.K. and overseas public sector customers; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 700 communications providers across the U.K.
British Telecommunications Limited is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.
For more information, visit www.bt.com/about
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Media contacts:
Sarah Heinz (Verizon) [email protected]
347-931-6300
