Verizon reported first-quarter 2026 revenue of $34.4 billion and adjusted EPS of $1.28. While revenue came in just below consensus, adjusted EPS beat analyst estimates of $1.22, driven by improving customer metrics and operational efficiency as part of its ongoing strategic transformation.
Key Highlights
- The company announced its first positive first-quarter postpaid phone net additions since 2013, adding 55,000 subscribers, a year-over-year improvement of over 340,000.
- Reflecting this momentum, Verizon raised its full-year 2026 adjusted EPS growth guidance to a range of 5.0% to 6.0% and now expects postpaid phone net additions to be in the upper half of its 750,000 to 1 million target range.
- Broadband growth continued with 341,000 total net additions, consisting of 214,000 from fixed wireless and 127,000 from fiber.
- Consolidated adjusted EBITDA grew 6.7% year-over-year to $13.4 billion, reaching the highest quarterly level in company history.