Verizon 2Q FY26 net income drops 22.9% to $3.9 billion; revenue slips 0.7% to $34.3 billion - VZ News | RalliesVerizon 2Q FY26 net income drops 22.9% to $3.9 billion; revenue slips 0.7% to $34.3 billion
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VZ• Guidance
- Guidance raised for 2026 adjusted EPS (non-GAAP) to USD 4.99-5.04; free cash flow (non-GAAP) seen at USD 21.94-22.14 billion.
Quarterly results
- Verizon posted 2Q 2026 net income of USD 3.9 billion, down 22.9% year over year, with EPS of USD 0.92, down 22%.
- Operating revenue slipped 0.7% to USD 34.3 billion, as equipment revenue fell nearly 20%, or more than USD 1.2 billion.
- Adjusted EBITDA (non-GAAP) rose 7.2% to USD 13.7 billion, with adjusted EBITDA margin up 3 percentage points to 40.1%.
- Postpaid phone net adds totaled 184,000; mobility and broadband service revenue rose 2.8% to about USD 23.4 billion.
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