Verizon Raises 2026 Forecast After 184,000 Phone Adds and Q2 Earnings Beat
Updated
Updated · Bloomberg · Jul 24
Verizon Raises 2026 Forecast After 184,000 Phone Adds and Q2 Earnings Beat
3 articles · Updated · Bloomberg · Jul 24
Summary
184,000 postpaid phone net additions helped Verizon top second-quarter estimates and lift its full-year outlook, signaling early traction in CEO Dan Schulman’s turnaround.
Mobility and broadband service revenue rose 2.8% from a year earlier to about $23.4 billion, beating analyst expectations and showing strength in wireless, Fios and 5G home internet.
Adjusted earnings came in at $1.30 a share, while adjusted EBITDA reached a record, adding to evidence that the operating reset is improving core performance.
Verizon also tied the stronger outlook to a strategy aimed at the AI infrastructure boom, broadening the turnaround story beyond its traditional wireless business.