Q2 2026 Verizon Communications Inc Earnings Call Transcript
Key Points
- Verizon Communications Inc (VZ) reported a significant increase in postpaid phone net additions, with 184,000 in Q2, marking the best performance in five years.
- The company raised its guidance for Mobility and Broadband service revenue, free cash flow, and adjusted EPS, indicating strong financial performance.
- Verizon's free cash flow for the quarter was $6.4 billion, up 24% year over year, one of the strongest cash flow quarters in its history.
- The company completed $1 billion of share repurchases in the quarter, raising its full-year buyback target to up to $4.5 billion.
- Verizon's new value proposition, including the Loyalty Program and Verizon One, is driving positive customer feedback and financial results, with gross adds 16% better than forecasted.
- Total revenue for the second quarter was down 0.7% year over year, impacted by lower equipment revenue, which declined nearly 20% from the prior year.
- Despite improvements, Verizon's Wireless service revenue declined 0.7% from the prior year.
- The company faces competitive pressures in the Wireless market, with a need to adapt its strategy to maintain growth.
- Fixed Wireless Access (FWA) net additions showed a downward trend, raising concerns about the product's long-term growth potential.
- Verizon's Broadband product faces competition from satellite providers, although the company believes its terrestrial network offers superior service.
Good morning, and welcome to Verizon's second-quarter 2026 earnings conference call. (Operator Instructions) Today's conference is being recorded. If you have any objections, you may disconnect at this time.
I would now like to turn the call over to Colleen Ostrowski, Senior Vice President, Investor Relations.
Thanks, Brad. Good morning, and welcome to our second-quarter 2026 earnings call. I'm Colleen Ostrowski, and on the call with me this morning are our Chief Executive Officer, Dan Schulman; and Tony Skiadas, our CFO.
Before we begin, I'd like to point you to our Safe Harbor statement, which can be found in the earnings presentation and on our Investor Relations website. Our comments this morning may include forward-looking statements, which are subject to risks and uncertainties. Factors that may affect future results are discussed in our SEC filings. This presentation also contains non-GAAP financial measures, and you can find reconciliations of these measures in the
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