Verizon raised its full-year 2026 guidance following its July 24 second-quarter earnings report. Analysis on July 25 highlighted boosted outlooks for adjusted EPS, mobility and broadband revenue, and free cash flow. Management cited strong subscriber momentum and record EBITDA margins as primary drivers for the revision.
Free cash flow increased 24% despite a slight miss on quarterly revenue estimates. Verizon secured a dark fiber agreement with Google valued at over $1 billion to support AI data centers. This partnership positions the company to capitalize on rising AI infrastructure demand. Verizon also increased its share repurchase target to $4.5 billion.