Verizon reported record second-quarter 2026 results, driven by growth in mobility and broadband service revenue and the highest consolidated adjusted EBITDA and adjusted EBITDA margin the company has reported. The company posted consolidated net income of $3.95 billion and raised full-year guidance while expanding its share buyback target. Verizon also generated strong free cash flow of $6.4 billion in Q2 and $10.2 billion for the first half of 2026.

Financial Highlights

  • Total operating revenues: $34.3 billion for Q2 2026 (down 0.7% year‑over‑year).
  • Mobility and broadband service revenue: approximately $23.4 billion in Q2 2026 (up 2.8% year‑over‑year).
  • Consolidated net income: $3.949 billion for Q2 2026 (decline of 22.9% year‑over‑year); basic and diluted EPS of $0.92 for the quarter.
  • Consolidated adjusted EBITDA: $13.7 billion for Q2 2026, a 7.2% year‑over‑year increase; adjusted EBITDA margin of 40.1%, the highest reported.
  • Free cash flow: $6.426 billion in Q2 2026 (up 24.4% year‑over‑year) and $10.209 billion for the six months ended June 30, 2026 (up 16.0% year‑over‑year).

Business Highlights

  • Subscriber momentum: Total mobility and broadband net additions exceeded 550,000 in Q2 2026 (an increase of >230,000 versus Q2 2025) and over 1 million for the first half of 2026, more than doubling year‑earlier additions.
  • Postpaid phone performance: Delivered 184,000 postpaid phone net additions in Q2 2026, the strongest Consumer Q2 postpaid phone result in five years; new postpaid account growth noted over the most recent 60 days.
  • Broadband growth: Added 348,000 broadband connections in Q2 2026 (up 12.3% year‑over‑year), including 193,000 fixed wireless access net additions and 155,000 fiber broadband net additions; approximately 17.1 million fixed wireless and fiber broadband connections in service.
  • Commercial discipline and product strategy: Company reduced device subsidy spending and saw equipment revenue decline ~20% year‑over‑year, reflecting longer device replacement cycles and a shift to disciplined unit economics.
  • Capital allocation and shareholder returns: Returned $9.4 billion of capital to shareholders in first half of 2026 and expanded full‑year share buyback target to up to $4.5 billion.

Original SEC Filing:

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