Verizon Beats Q2 Estimates as Turnaround Gains Momentum

Verizon Communications Inc. reported second-quarter results that exceeded analysts’ expectations. The company posted adjusted earnings of $1.30 per share and mobility-plus-broadband revenue of about $23.4 billion, up 2.8% year-over-year and well above the average analyst estimate of $19.5 billion. Net additions of 184,000 postpaid phones were recorded, and the shares rose roughly 2.9% in New York trading, taking the year-to-date gain to 11% despite a 0.7% decline in total operating revenue to $34.3 billion.

Bloomberg

Chief Executive Officer Dan Schulman, who assumed the role in late 2025, has been executing an aggressive turnaround that emphasizes simplified plans, a new loyalty rewards program, and a strategic push into artificial-intelligence (AI) infrastructure. In June, Verizon launched a streamlined wireless plan and announced a $1 billion dark-fiber agreement with Alphabet’s Google to link data centers.

Bloomberg

• Mobility-plus-broadband revenue: $23.4 billion (-2.8% YoY increase).

Bloomberg

• Total operating revenue: $34.3 billion (-0.7% YoY).

Bloomberg

• Net postpaid phone additions: 184,000.

Bloomberg

• Adjusted earnings guidance for 2026: $4.99-$5.04 per share.

Bloomberg

• Net income: $3.9 billion, down 23% YoY, affected by $1.8 billion pretax charges, including a $746 million loss tied to a UK BT Group partnership.

Bloomberg

Schulman said the company is “seeing tremendous growth” in new accounts and expects positive new-account growth in the upcoming quarter. He highlighted long-duration, high-quality contracts with demanding infrastructure customers as a cornerstone of future revenue. Regarding satellite competition, Schulman asserted that satellite providers “have no impact” on Verizon’s broadband penetration or capabilities. The board responded by extending Schulman’s contract through the end of 2028, signaling confidence in the turnaround trajectory.

Bloomberg

• “We expect for Q3 we will see positive new account growth as well. The quarter is off to a strong start.” — Officer Dan Schulman, chief executive

Bloomberg

• “These are long duration, high quality, contracted revenue streams from some of the most demanding infrastructure customers in the world,” — Officer Dan Schulman, chief executive

Bloomberg

• “We see no impact from satellite providers on our broadband penetration or capabilities,” — Officer Dan Schulman, chief executive

Bloomberg

• “The back half of 2026 will be stronger than the first half, and 2027 should be stronger than 2026,” — Officer Dan Schulman, chief executive

Bloomberg