The raised guidance and strong cash flow outlook support continued capital returns and deleveraging. Traders should monitor postpaid phone growth sustainability and wireless service revenue trends, which remain under pressure from prior promotional pullback and the January network outage.
Price Chart
Executive Summary
Verizon reported strong Q1 2026 results with diluted EPS of $1.20 (up 4.3% YoY) and Adjusted EPS of $1.28 (up 7.6% YoY), beating consensus expectations. The company raised full-year 2026 Adjusted EPS guidance to 5.0–6.0% growth and increased full-year free cash flow guidance to $21.5B+, driven by improved customer metrics and operational efficiency.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS was $1.20, up 4.3% YoY; Adjusted EPS was $1.28, up 7.6% YoY
- Consensus EPS estimate was $1.21; actual GAAP EPS of $1.20 narrowly missed, but Adjusted EPS beat expectations
- Total operating revenue was $34.4B, up 2.9% YoY
- Company raised 2026 Adjusted EPS guidance to $4.95–$4.99 (5.0–6.0% YoY growth)
- Free cash flow guidance increased to $21.5B+, up ~7% from 2025
- Generated 55,000 postpaid phone net adds — first positive Q1 net adds since 2013
- Completed $2.5B in share repurchases in Q1, on track for $3.0B+ for the year
Financial Impact
Adjusted EPS growth of 5.0–6.0% in 2026 implies $0.24–$0.28 increase over 2025's $4.71, translating to ~$4.7B–$5.5B in incremental annual earnings. Free cash flow to rise to $21.5B+, up from $20.1B in 2025.
Risk Factors
- Wireless service revenue expected to be flat in 2026 despite subscriber gains, indicating pricing or mix challenges
- Net unsecured debt rose to $130.1B, increasing leverage ratios despite strong EBITDA growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3281470 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 5w ago | GOVT-CONTRACT | $50.41 $45.98 | ▼ −8.79% | ▼ −10.50% | $44.79 (−11.15%) |
Jul 24, 2026 12w ago | 8-K | $46.38 $49.45 | ▲ +6.62% | ▲ +2.99% | $44.79 (−3.43%) |
Jul 24, 2026 12w ago | 8-K | $46.38 $49.45 | ▲ +6.62% | ▲ +2.99% | $44.79 (−3.43%) |
Jul 24, 2026 12w ago | Press Release | $46.38 $49.45 | ▲ +6.62% | ▲ +2.99% | $44.79 (−3.43%) |
Jul 9, 2026 14w ago | Press Release | $42.24 $46.98 | ▲ +11.21% | ▲ +8.97% | $44.79 (+6.04%) |
Jun 29, 2026 16w ago | 8-K | $44.10 $46.38 | ▼ −5.17% | ▼ −5.45% | $44.79 (−1.56%) |
Jun 17, 2026 17w ago | 8-K | $45.84 $43.88 | ▼ −4.28% | ▼ −5.59% | $44.79 (−2.29%) |
Jun 4, 2026 19w ago | Press Release | $45.37 $42.07 | ▼ −7.27% | ▼ −9.14% | $44.79 (−1.28%) |
Jun 2, 2026 19w ago | 8-K | $47.88 $41.99 | ▼ −12.30% | ▼ −10.48% | $44.79 (−6.45%) |
Jun 2, 2026 19w ago | Press Release | $47.88 $41.99 | ▼ −12.30% | ▼ −10.48% | $44.79 (−6.45%) |
US Market Status
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