Verizon Q1 EPS Beats, Raises FY Guidance

Verizon posted Q1 adjusted EPS $1.28, beating consensus $1.21, while revenue $34.4B missed estimate $34.82B but rose 2.9% YoY.
The company recorded its first positive postpaid phone net additions since 2013, adding 55,000 units and improving YoY by over 340,000.
Verizon lifted FY2026 EPS guidance to $4.95-$4.99, implying 5-6% YoY growth and raised postpaid addition outlook to upper half of 750k-1M range.
Consolidated adjusted EBITDA rose 6.7% YoY to $13.4B and operating cash flow increased 2.6% to $8.0B.