GlobeNewswire·Jul 24, 2026, 7:00 AM ET

Verizon Delivers Record 2Q26 Results as Strategic Transformation Ignites Accelerated Growth

Mobility & broadband service revenue grew 2.8% in Q2 2026, with forecasts projecting ~4.0% growth in Q4 2026.
Reported 184,000 postpaid phone net additions in Q2 2026, marking the best five-year result for consumer postpaid additions.
Generated over 550,000 total mobility & broadband net additions in Q2 2026, an increase of >230,000 versus Q2 2025.
Delivered >1 million mobility & broadband net additions in the first half of 2026, more than doubling the H1 2025 figure.
Achieved new postpaid account growth momentum over the past 60 days.
H1 2026 cash flow from operations grew 9.9% year-over-year, driving a 16.0% surge in free cash flow.
Q2 2026 cash flow from operations grew 16.3% year-over-year, while free cash flow grew 24.4%.
Reported highest-ever adjusted EBITDA of $13.7 billion (up 7.2%) and adjusted EBITDA margin of 40.1%.
Raised full-year guidance for mobility & broadband service revenue, cash flow from operations, free cash flow, and adjusted EPS.
Returned $9.4 billion to shareholders in H1 2026, expanding the full-year share buyback target to up to $4.5 billion.
Total operating revenue was $34.3 billion (down 0.7%), offset by a nearly 20% decline in equipment revenue due to lower upgrade volumes.
Consolidated net income was $3.9 billion (down 22.9%), impacted by $1.8 billion in pre-tax special items including a $746 million loss on business disposition.
Adjusted EPS was $1.30 in Q2 2026, up 6.6% year-over-year.
Total unsecured debt decreased to $136.5 billion at end of Q2 2026 from $142.5 billion in Q1 2026.
Raised full-year mobility & broadband service revenue growth guidance to 2.5-3.0% for 2026.
Revised full-year adjusted EPS guidance to $4.99-$5.04, reflecting 6.0-7.0% year-over-year growth.
Projected free cash flow growth of 9.0-10.0% for the full year 2026.
Capital expenditures for H1 2026 were $8.2 billion, with a full-year capex guidance of $16.0-$16.5 billion.