Verizon Communications ($VZ) Q1 Earnings Report

This is the earnings report for Verizon Communications (NYSE: VZ), released on 04/27/2026.

Verizon Communications Inc. is a holding company engaged in the provision of communications, information, and entertainment products and services.

Earnings and Financial Results Press Release

file:///Users/takayasuando/Downloads/vz_1q26_presentation_042726.pdf

◆ Earnings Summary

EPS: Expected $1.21, Result $1.28 OK
Revenue: Expected $34.89B, Result $34.4B Miss

FY26 Guidance
EPS: Expected $4.91, New Guidance $4.95-$4.99 Provided OK
Upward revision ($4.90-$4.95 → $4.95-$4.99)

◆ Financial Results Analysis and Highlights

■ EPS/Revenue

・EPS: GAAP Not stated / Non-GAAP $1.28 (+7.6%)
・Revenue: Mobility & Broadband service revenue $22.9B (+1.6%)

■ Guidance

・Revenue: Service revenue +2% to +3% (Not stated) / vs. estimate Not stated
・EPS: $4.95-$4.99 (Not stated) / vs. estimate Not stated
・Full Year: EPS guidance upward revision ($4.90-$4.95 → $4.95-$4.99)

■ Growth Drivers

・Postpaid net adds: 55K / +344K Y/Y

・Broadband net adds: 341K

・Postpaid upgrades: 3.8M / +5.9% Y/Y

・Churn rate: 0.90% / -5bps QoQ

・Service revenue growth: +1.6%

・EBITDA: $13.4B / +6.7%

■ Segments

・Mobility and Broadband service revenue: $22.9B / +1.6%

・Adjusted EBITDA: $13.4B / +6.7%

■ Margins and Costs

・Adjusted EBITDA: $13.4B

・Impact of network disruption: -80bps

■ Cash and Finance

・Operating Cash Flow: $8.0B

・Free Cash Flow: $3.8B

・Total Debt: $172.5B

・Net Unsecured Debt: $130.1B

・Leverage: 2.6x

■ Investment and Returns

・Dividends: $2.9B

・Share Repurchases: $2.5B

・Total Returns: $5.4B

・Capital Expenditures: $4.2B

■ Risks

・Impact of network disruption: -80bps

・Competitive environment

・Regulation

・Interest rates / Inflation

■ Summary

・Strength: Strong

・Surprise: Yes

・Rating: Positive

・Rationale: EPS +7.6% / EBITDA +6.7% / FCF $3.8B / Guidance raised / Postpaid net adds +344K Y/Y

That is all.

Please note that generative AI was used for a portion of this earnings and revenue press release summary. Thank you for your understanding.

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