Verizon's second quarter 2026 results show strong postpaid phone growth of 184,000, leading to a raised full-year outlook.

Verizon reported second quarter 2026 revenue of $34.3 billion, a 0.7% decrease year-over-year, while adjusted EPS grew 6.6% to $1.30. The company beat EPS estimates but missed on revenue, driven by a nearly 20% decline in equipment revenue as it reduced device subsidies.

Key Highlights

• The company delivered a significant beat on subscriber growth, reporting 184,000 postpaid phone net additions, well ahead of the 55,000 estimate and marking the best consumer result for a second quarter in five years.
• Verizon raised its full-year 2026 guidance for the second consecutive quarter, with the adjusted EPS forecast now standing at $4.99 to $5.04, representing 6.0% to 7.0% year-over-year growth.
• Despite a slight revenue decline, the company achieved record profitability, with consolidated adjusted EBITDA growing 7.2% to $13.7 billion and adjusted EBITDA margin expanding 300 basis points to 40.1%.