Verizon Stock Earnings Reports

Verizon reported a strong start to 2026 driven by a company-wide transformation focused on customer experience, AI, cost discipline, and converged mobility + broadband offerings. Q1 highlights: total revenue $34.4B (+2.9%); mobility & broadband service revenue up modestly but Q1 was a one-time low point due to credits from a January network outage; 55,000 postpaid phone net adds (first positive Q1 postpaid phone adds in 13 years); ~0.5M total mobility and broadband net adds; consumer postpaid phone churn improved to below 85 bps in March; adjusted EPS $1.28 (+7.6% YoY); free cash flow ~$3.8B (+4% YoY); adjusted EBITDA $13.4B (+6.7%) with margin expansion to 38.9%. Management raised full-year adjusted EPS growth guidance to 5–6% and expects postpaid phone net adds in the upper half of the prior $750K–$1M range while reaffirming mobility & broadband service revenue growth of 2–3% and free cash flow growth of ~7%+. Key drivers: micro-segmentation and targeted retention (lower COA/COR, ~35% reduction from Q4), aggressive fiber build (target >32M passings by year-end), Frontier integration on track with >$1B run-rate synergies by 2028, $5B OpEx savings target for 2026, active buybacks ($2.5B repurchased in Q1) and a 2.5% dividend increase. Balance sheet: net unsecured leverage ~2.6x post-Frontier with plan to reach 2.0–2.25x in 2027; plan to repay substantially all Frontier debt by year-end. Management emphasizes sustainable, higher-quality growth (focus on LTV over promotions), material benefits from AI across operations and customer service, and continued capital allocation priorities (network, dividend, debt reduction, buybacks).