Verizon Raises 2026 Forecast After Adding 184,000 Phone Subscribers in Q2
Updated
Updated · Bloomberg · Jul 24
Verizon Raises 2026 Forecast After Adding 184,000 Phone Subscribers in Q2
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 reached $23.4 billion, up 2.8% from a year earlier and well above analysts’ average estimate of $19.5 billion.
Adjusted earnings came in at $1.30 a share, while the company said record adjusted EBITDA reinforced improving performance in its core wireless and internet businesses.
Verizon also tied the stronger outlook to a strategy aimed at the AI infrastructure buildout, broadening the turnaround story beyond subscriber and service-revenue gains.