Verizon Communications Inc. (VZ) Earnings Call Transcripts
Verizon Communications Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, Verizon Communications Inc. reported a total revenue of $34.3 billion, down 0.7% year-over-year, but saw significant improvements in operational metrics, including a 2.8% increase in mobility and broadband service revenue. Adjusted EPS grew by 6.6% to $1.30, prompting management to raise guidance for both adjusted EPS and free cash flow growth to 6%-7% and 9%-10%, respectively. The company also announced a joint venture with BT Group and highlighted a strong focus on customer-centric initiatives, which management believes will drive long-term growth and shareholder value.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $34.3B (miss) |
| Mobility and Broadband Service Revenue | $23.4B (beat) |
| Adjusted EPS | $1.30 (beat) |
| Free Cash Flow | $6.4B (beat) |
| Postpaid Phone Net Adds | 184,000 (positive) |
| Consumer Postpaid Churn | 84 basis points (positive) |
Guidance from management
Verizon raised its full-year guidance for mobility and broadband service revenue growth to 2.5%-3% and adjusted EPS growth to 6%-7%. Free cash flow growth guidance was also increased to 9%-10%.
What analysts pressed on
Analysts expressed concerns about the sustainability of revenue growth, particularly in light of the declining equipment revenue, which was down nearly 20% year-over-year. There were also questions regarding the competitive landscape and how new pricing strategies might impact long-term profitability.
Main topics on the call
- Revenue Growth Acceleration — Mobility and broadband service revenue grew by 2.8% year-over-year, up from 1.6% in Q1. Management stated, "We see this trend continuing to accelerate in the second half of the year," with Q4 expected to grow approximate...
- Improved Customer Metrics — Verizon reported 184,000 postpaid phone net adds, the best performance in 5 years, and a reduction in consumer postpaid churn to 84 basis points, down from 90 basis points in Q1. "This is a step change for Verizon," note...
- Guidance Adjustments — Management raised full-year guidance for mobility and broadband service revenue growth to 2.5%-3%, up from the previous range of 2%-3%. They also increased adjusted EPS guidance to 6%-7% growth for the year.
- Strong Free Cash Flow — Free cash flow reached $6.4 billion, a 24% increase year-over-year, leading to an increase in the full-year guidance for free cash flow growth from approximately 7% to 9%-10%.
Read the full Verizon Communications Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Verizon Communications Inc.
Verizon Communications Inc. (VZ) is a publicly listed company in the Diversified Telecommunication Services industry, within the Communication Services sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 113 calls on record spanning January 7, 2020 to July 24, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 113 Verizon Communications Inc. earnings call transcripts on record, spanning January 7, 2020 to July 24, 2026. Based on this history, Verizon Communications Inc. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- VZ
- Exchange
- NYSE
- Country
- US
- Sector
- Communication Services
- Calls on record
- 113
- First call
- January 7, 2020
- Most recent
- July 24, 2026
- Reporting cadence
- quarterly