Verizon Communications Inc
XMUN:BAC
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Verizon Communications Inc
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Earnings Calls
Last Earnings Call
Guidance raised: Verizon raised full-year guidance for mobility and broadband service revenue, adjusted EPS, free cash flow, and share repurchases after a stronger-than-expected second quarter.
Customer momentum: Postpaid phone net adds hit 184,000, consumer postpaid phone churn improved to 84 basis points, and net new accounts were positive for the past 2 months.
Revenue trend: Mobility and broadband service revenue grew 2.8% in Q2, and management expects growth to accelerate to about 3% in Q3 and around 4% in Q4.
New offers: Verizon said its new loyalty program, Simplicity wireless plan, and Verizon One converged offering are resonating well and improving unit economics.
AI opportunity: The company unveiled AI Connect, including a Google dark fiber deal worth over $1 billion and other deals expected to total multiple billions over time.
Capital returns: Free cash flow was $6.4 billion in the quarter, and Verizon lifted its 2026 buyback target to up to $4.5 billion.