Verizon (VZ) Q2 FY26 earnings call

Earnings call· Jun 2026 (Q2 FY26)· Communication Services· Jul 24, 2026

Source: earnings call transcript

Verizon reported a quarter of accelerating operational and financial performance, driven by improved customer economics and a new value proposition. The company raised its full-year guidance for key metrics and highlighted a significant new revenue opportunity in AI infrastructure, positioning itself for multi-year growth. Management emphasized a disciplined approach to customer acquisition and retention, alongside ongoing cost efficiencies.

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VZ operating KPIs by quarter

VZ operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2025 Q1 FY25	Jun 2025 Q2 FY25	Sep 2025 Q3 FY25	Dec 2025 Q4 FY25	Mar 2026 Q1 FY26	This call Jun 2026 Q2 FY26	Change vs prior quarter
Paid subscriber net additions Prepaid	137K Our prepaid net adds of 137,000 were the best since the TracFone acquisition and represent a significant year-over-year improvement. Source: earnings call transcript	50K Core prepaid net additions were $50,000 for the quarter an improvement of $62,000 from the prior year period. Source: earnings call transcript	47K Moving to core prepaid, we delivered 47,000 net adds, our fifth consecutive quarter of positive subscriber growth. Source: earnings call transcript	109K Fourth quarter net adds were 109,000, our sixth consecutive quarter of positive customer growth. Source: earnings call transcript	115K We delivered 115,000 net adds, driven by our visible and total wireless brands, demonstrating the continuing strength of our prepaid business and our segmentation approach. Source: earnings call transcript	73K Prepaid net adds were 73,000, our eighth consecutive quarter of positive net adds. Source: earnings call transcript	-36.5%
Paid subscriber net additions Broadband	339K In broadband, we continue to take share and grew our subscriber base with our dual fixed wireless access and fiber strategy, adding 339,000 subscribers in the quarter. Source: earnings call transcript	—	—	372K Fourth quarter net adds were 372,000, our highest of the year, reflecting strong customer demand across both fixed wireless access and fiber. Source: earnings call transcript	341K We continue to take share in the first quarter and delivered 341,000 broadband net adds. Source: earnings call transcript	348K In addition, we added 348,000 broadband net additions, continuing the share taking momentum we have built over the last several quarters. Source: earnings call transcript	+2.1%
Postpaid phone net additions Consumer	—	-51K Consumer postpaid phone net losses totaled $51,000 for the second quarter compared to 109,000 net losses in the prior year period as we benefited from strong gross adds. Source: earnings call transcript	-7,000 However, gross add growth was offset by churn of 0.91%, which resulted in postpaid phone net losses of 7,000 in the quarter. Source: earnings call transcript	551K Importantly, we added 616,000 postpaid phone net adds with 551,000 from consumer, our highest postpaid phone net adds in the last 5 years, all while delivering on our 2025 financial guidance. Source: earnings call transcript	—	—	—
Postpaid phone net additions Verizon Business	67K Verizon Business delivered 67,000 phone net adds, down from 80,000 net adds in the prior year period. Source: earnings call transcript	42K Verizon Business delivered 42,000 phone net adds in the second quarter compared with 135,000 net adds in the prior year period. Source: earnings call transcript	51K Verizon business delivered 51,000 phone net adds. Source: earnings call transcript	—	—	—	+21.4%
Fixed wireless access net additions	—	278K In fixed waterless access, we delivered 278,000 net adds for the quarter, growing the base to more than 5.1 million subscribers. Source: earnings call transcript	261K Fixed Wireless Access net adds were 261,000 for the quarter. Source: earnings call transcript	319K Fixed wireless access net adds were 319,000. Source: earnings call transcript	214K This includes 214,000 fixed wireless access net adds and 127,000 fiber net adds. Source: earnings call transcript	193K Fixed wireless access and fiber delivered net adds of 193,000 and 155,000, respectively, demonstrating our continued success in capturing our broadband opportunity with both technologies. Source: earnings call transcript	-9.8%
Fios internet net additions	45K Fios Internet net adds for the first quarter were 45,000 versus 53,000 in the prior year period. Source: earnings call transcript	32K Fios Internet net adds for the second quarter were 32,000 versus 28,000 in the prior year period. Source: earnings call transcript	61K Fios internet delivered 61,000 net adds, our best quarterly result in 2 years. Source: earnings call transcript	67K Fios Internet delivered 67,000 net adds, our highest fourth quarter net additions since 2020. Source: earnings call transcript	—	—	+9.8%
Postpaid phone net additions	—	—	—	616K Importantly, we added 616,000 postpaid phone net adds with 551,000 from consumer, our highest postpaid phone net adds in the last 5 years, all while delivering on our 2025 financial guidance. Source: earnings call transcript	55K We added 55,000 postpaid phone net adds in the quarter. Source: earnings call transcript	184K In the quarter, we delivered 184,000 postpaid phone net adds, a meaningful step-up from Q1 and an increase of 193,000 from last year. Source: earnings call transcript	+234.5%
Paid subscribers Fixed wireless access	—	5.1M+ In fixed waterless access, we delivered 278,000 net adds for the quarter, growing the base to more than 5.1 million subscribers. Source: earnings call transcript	~5.4M With approximately 5.4 million FWA subscribers, our annualized revenue has surpassed $3 billion and continues to grow. Source: earnings call transcript	—	—	—	—
Paid subscribers Broadband	—	—	13.2M+ Our broadband base is up 1.3 million subscribers from a year ago and is now over 13.2 million subscribers. Source: earnings call transcript	—	~16.8M We now have approximately 16.8 million broadband subscribers. Source: earnings call transcript	17.1M+ Notably, we now have over 17.1 million total broadband subscribers in our base. Source: earnings call transcript	—
Fiber net additions	—	—	—	—	127K This includes 214,000 fixed wireless access net adds and 127,000 fiber net adds. Source: earnings call transcript	155K Fixed wireless access and fiber delivered net adds of 193,000 and 155,000, respectively, demonstrating our continued success in capturing our broadband opportunity with both technologies. Source: earnings call transcript	+22%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.