secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2026-07-24T11:00:31+00:00
Accession:  0000732712-26-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verizon Q2 2026: record adjusted EBITDA $13.7B, raises FY guidance, adjusted EPS +6.6%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000073271226000040/0000732712-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000073271226000040/vz-20260724.htm
  HTML page:      https://secwatch.observer/filing/0000732712-26-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer