earnings
confidence high
sentiment positive
materiality 0.75
Verizon Q2 2026: record adjusted EBITDA $13.7B, raises FY guidance, adjusted EPS +6.6%
VERIZON COMMUNICATIONS INC
- Mobility and broadband service revenue $23.4B, +2.8% YoY; 184K postpaid phone net adds, best Consumer Q2 in 5 years.
- Consolidated adjusted EBITDA $13.7B (+7.2% YoY) and margin 40.1% – both all-time highs.
- Adjusted EPS $1.30 (+6.6% YoY) vs $0.92 GAAP EPS; free cash flow $6.4B in Q2, +24.4% YoY.
- Full-year guidance raised: adj. EPS $4.99-$5.04 (+6-7% YoY), free cash flow growth 9-10%, share buyback target up to $4.5B.
- Net unsecured debt $136.5B; net debt to adjusted EBITDA ratio 2.5x; total debt down $6B from Q1.