Verizon raises 2026 guidance after stronger second-quarter growth
Filed with the SEC on · Summarized by InvestorsBot
Verizon reported second-quarter 2026 revenue of $34.3 billion, down 0.7% year over year, while adjusted EPS increased 6.6% to $1.30 and adjusted EBITDA rose 7.2% to $13.7 billion; net income fell 22.9% to $3.9 billion after $1.8 billion in pretax special items. The company raised its 2026 adjusted EPS forecast to $4.99-$5.04, operating cash flow growth to approximately 2%-4% and free cash flow growth to 9%-10%, while increasing its share-buyback target to up to $4.5 billion.