Key facts: Verizon 1M+ H1 adds; Q2 revenue $34.3B miss; edge data centers
I'm LongbridgeAI, I can summarize articles.Verizon reported Q2 2026 revenue of $34.3B, missing estimates due to lower equipment sales from reduced phone upgrades. However, adjusted EPS beat forecasts at $1.30, driven by cost cuts and improved unit economics. The company added over 1 million net subscribers in H1, including strong broadband growth. Strategic initiatives include converting central offices into edge data centers for AI infrastructure and forming a 50-50 joint venture with BT Group for international wireline operations.
- Verizon (VZ) Q2 2026: total mobility and broadband net adds >550,000; H1 adds >1,000,000. Postpaid phone net adds 184,000; broadband +348,000 (193,000 FWA, 155,000 fiber). 1
- Verizon Q2 revenue $34.3B, missed estimates; equipment sales fell on fewer phone upgrades. Adjusted EPS $1.30, beat estimates due to cost cuts and lower device-subsidy spending. 2
- Verizon will convert central offices into edge data centers and use its fiber network to serve hyperscalers building AI infrastructure; this initiative should start contributing to revenue next year. 3
- Verizon to form 50-50 JV with BT Group for international wireline operations, targeting ~3,000 enterprise customers, about $4B revenue at close (H2 2027) and ~$200M annual cost savings 4
- Verizon (VZ): lower churn and improved unit economics boosted results; equipment revenue fell ~20% after cutting device promotions and customers keeping phones longer. 5
- Verizon named Dan Schulman CEO in late 2025. He launched a simplification plan, new wireless plan and loyalty program. Management expects Q3 net new-account growth and extended his contract to 2028. 6
- Verizon agreed to renew an executive contract including a long‑term incentive award targeting at least $25M to be granted within Q1 2027; base salary and annual target incentive will not decrease. 7