Verizon Communications Inc reported results for the quarter ended 2026 with revenue of $34.25B and diluted EPS of $0.92, as net income fell to $3.84B versus $5B a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$34.25B$34.5B(0.7%) | Net income²$3.84B$5B(23.3%) | Diluted EPS³$0.92$1.18(22%) |
¹ Reported as “Total Operating Revenues”. ² Reported as “Net income attributable to Verizon”. ³ Reported as “Diluted Earnings Per Common Share”.
Business Highlights
- Revenue mix shifted: consumer service revenue rose modestly while wireless equipment sales declined significantly due to fewer device upgrades.
- Fiber and fixed wireless access (FWA) broadband showed strong growth, driven materially by the integration of Frontier and an increase in total broadband connections.
- Operational costs increased, reflecting higher personnel, facility and digital content expenses tied to the Frontier acquisition and ongoing transformation initiatives.
- Strategic moves included a joint-venture agreement with BT and the completed acquisitions of Frontier and Starry to expand fiber and fixed wireless reach.
- Network investments continued in 5G, fiber densification and spectrum, alongside a satellite direct-to-device joint venture to address coverage gaps.
Original SEC Filing:
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