Overview
- Adjusted earnings came in at $1.21 per share, topping analyst estimates of $1.19.
- Quarterly revenue totaled $33.8 billion, missing Wall Street expectations.
- Verizon added 44,000 postpaid phone customers, exceeding forecasts as iPhone-related promotions fueled switching.
- The company reported 261,000 net 5G broadband additions and ended the quarter with 5.4 million fixed wireless subscribers.
- Management reaffirmed full-year profit and free cash flow guidance, signaled capital spending within or below the $17.5 billion–$18.5 billion range, announced a dividend increase, and said the Frontier deal remains on track for early 2026.