Verizon

Q2 FY2026 EarningsQ2 FY26 missed consensus on the top line but demonstrated strong operational efficiency and subscriber momentum. Revenue of $34.25B slightly missed the $35.11B expected (-2.43%), largely due to a strategic pull-back in low-margin wireless equipment upgrades. However, Adjusted EBITDA beat significantly, and wireless retail postpaid phone net additions of 184k turned positive compared to a loss in the prior year. Strong broadband momentum continued with 348k net adds, while the effective tax rate of 25.1% exceeded the 22.1% consensus due to one-time non-deductible items.