Verizon lifts FY 2026 adjusted EPS outlook to $4.99–$5.04; shares jump 5.8%
AI Market Summary
Verizon's raised FY2026 adjusted EPS guidance (to $4.99–$5.04) and higher free cash flow growth outlook (9%–10%) signal improved profitability and capital generation, offsetting a Q2 revenue miss. Better-than-expected postpaid phone net adds and an announced $1B+ dark-fiber deal with Google reinforce demand and enterprise momentum. The 5.8% jump supports a constructive tone for U.S. telecom and broader equity sentiment.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
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Verizon Communications raised its FY 2026 full-year adjusted EPS guidance to $4.99–$5.04 after the market close on July 24, and lifted its free cash flow growth forecast to 9%–10%. The company posted Q2 2026 revenue of $34.3 billion, below consensus, but reported 184,000 net additions in postpaid phones and adjusted EPS of $1.30, both ahead of expectations. The stock rose 5.8% on the day and is up 18.4% year to date, outperforming the S&P 500 Index.
