Verizon's Q2 2026 Results: A New Era of Growth and Excellence
Verizon, one of the world's leading wireless communications service providers, has announced its second quarter 2026 earnings results, showcasing a significant transformation in the company's performance. In a conference call held on July 24th, 2026, Verizon's leadership team highlighted the company's achievements and outlined its future guidance.
According to Dan Schulman, Verizon's CEO, the company's Q2 results demonstrate clear and compelling evidence that their transformation is driving a structural and meaningful inflection in their results. Tony Skiadas, CFO, took the audience through the company's financials in detail, presenting a robust set of numbers that reflect the company's operational discipline and accelerating financial performance.
One of the most striking aspects of Verizon's Q2 2026 results is its impressive growth across all key metrics. The company reported 184,000 postpaid phone net adds in the quarter, marking a significant step-up from Q1 and an increase of 193,000 compared to last year. This represents a meaningful improvement in consumer postpaid phone churn, which was down to 84 basis points - a step change for Verizon. The overall postpaid phone gross adds for Q2 were also the best in eight years.
Verizon's broadband business has continued its share-taking momentum, with 348,000 net additions in the quarter. This strong performance translates to over 550,000 mobility and broadband net adds for Q2 - a testament to the company's ability to drive growth across both its wireless and fixed businesses.
The company's operational metrics are also showing significant improvement. Consumer postpaid phone churn has decreased from 90 basis points in Q1 to 84 basis points in Q2, a 6-basis-point improvement compared to last year. This reduction in churn is accompanied by healthier acquisition economics, leading to the kind of operating leverage seen in Verizon's financial results.
Verizon's financials also accelerated in Q2, with mobility and broadband service revenue growing by 2.8%, up from 1.6% in Q1. The company expects this trend to continue, guiding its Q3 mobility and broadband service revenue to approach 3% year-over-year growth. For the full year, Verizon is now guiding revenues to grow at a rate of 2.5-3%, within the upper half of its previous guidance range.
The company's adjusted EPS grew by 6.6% year-over-year to $1, outperforming expectations. As Dan Schulman noted during the conference call, 'When I stepped into this role last October, I said we were going to do three things: put our customers at the front and center of every decision, run the company with operational discipline, and translate that into accelerating financial performance for our shareholders.' The Q2 results demonstrate that Verizon has indeed achieved this transformation.
The announcement of a joint venture with BT Group plc earlier in June 2026 will likely have a significant impact on Verizon's future performance. As Colleen Ostrowski, Senior Vice President, Investor Relations noted during the call, 'We filed an 8-K with the Securities and Exchange Commission, which disclosed our agreement to form a joint venture with BT Group plc to combine our international wireline businesses.'
Overall, Verizon's Q2 2026 results are a testament to the company's ability to drive growth and excellence across its business. With a strong focus on operational discipline and customer satisfaction, Verizon is well-positioned for continued success in the years to come.
