Verizon’s Transformation Actions Deliver Growth & Profitability in 1Q26; Company Raises Adjusted EPS Guidance

Key Points:

• Verizon Communications reported strong first-quarter 2026 results, including its first positive first-quarter postpaid phone net additions since 2013, driven by improved customer acquisition, lower churn, and operational efficiency.
• Total operating revenue rose 2.9% year-over-year to $34.4 billion, with consolidated net income increasing 3.3% to $5.1 billion and adjusted EBITDA growing 6.7% to $13.4 billion.
• The company raised its 2026 adjusted EPS guidance to $4.95-$4.99, expecting 5.0% to 6.0% year-over-year growth, and anticipates retail postpaid phone net additions in the upper half of 750,000 to 1 million.
• Verizon's mobility and broadband service revenue grew 1.6% to approximately $22.9 billion despite a network outage impact, with notable broadband net additions of 341,000 and a total of 16.8 million fixed wireless access and fiber broadband connections.
• The company completed $2.5 billion in share repurchases in Q1, plans at least $3 billion for the full year, and expects to repay most of Frontier's debt acquired in January by year-end, while maintaining capital expenditures of $16.0 to $16.5 billion for network expansion.