---
schema_version: "secwatch.filing_event.v1"
accession: "0000732712-23-000026"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:31:41.283976+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Verizon Q1 EPS $1.20 adj, revenue $32.9B; broadband adds record 437K; guidance reaffirmed

## Summary
- GAAP EPS $1.17 vs $1.09 YoY; adjusted EPS $1.20 vs $1.35 YoY.
- Total revenue $32.9B, down 1.9%; wireless service revenue up 3.0% to $18.9B.
- Postpaid phone net losses of 127K; gross additions up 5.3% YoY.
- Broadband net adds 437K (largest in a decade), with 393K fixed wireless, 67K Fios.
- Free cash flow $2.3B, up from $1.0B YoY; full-year guidance reaffirmed.

## SEC filing metadata
- accession: 0000732712-23-000026
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000073271223000026/0000732712-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000073271223000026/vz-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000732712-23-000026
- JSON: https://secwatch.observer/filing/0000732712-23-000026.json
- Plain text: https://secwatch.observer/filing/0000732712-23-000026.txt

## Key facts
- Earnings Releases
  VERIZON COMMUNICATIONS INC reported first quarter of 2023 results: revenue $32.9 billion, net income $5.0 billion, EPS $1.17.
  - Period: first quarter of 2023
  - Revenue: $32.9 billion
  - Net income: $5.0 billion
  - EPS: $1.17
  - Result: reported results
  source text: 1Q 2023 highlights C onsolidated: • $1.17 in EPS, compared with $1.09 in first-quarter 2022; adjusted EPS 1 , excluding a special item, of $1.20, compared with $1.35 in first-quarter 2022. • Total operating revenue of $32.9 billion, a decrease of 1.9 percent from first-quarter 2022. • Net income of $5.0 billion, an increase of 6.5 percent from first-quarter 2022, and adjusted EBITDA 1 of $11.9 billion, down 1.1 percent year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/732712/000073271223000026/0000732712-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.