Verizon Communications Inc. · VZ · Next earnings

Verizon Communications Inc. reports Tuesday, Oct 20, 2026

VZ reports before market open with consensus EPS at $1.29 and revenue at $34.80B. Last quarter: Verizon Q2 2026: Record Postpaid Adds, Raised Guidance, New AI Infrastructure Deals

Reports Before market open30 days awayDate estimated Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $1.29 Calendar consensus
Consensus revenue $34.80B Calendar consensus
Report date Oct 20, 2026 Tuesday, date estimated
Session Before market open 30 days away

Where VZ left off: FY2026 Q2

Full report

Verizon Q2 2026: Record Postpaid Adds, Raised Guidance, New AI Infrastructure Deals

EPS surprise +2.4% Reported $1.30 vs $1.27
Revenue surprise -2.6% Reported $34.25B vs $35.16B
Stock move +5.8% Event window
Subsequent drift +2.0% Up to 20 sessions

Management raised full-year guidance across all key metrics: wireless service revenue growth to 2.5-3% (up from prior targets), adjusted EPS growth to 6-7% (up from 5-6% set in Q1), and free cash flow growth to 9-10%. The share repurchase target was increased to $4.5B from $2.5B. Capex outlook remains stable at $16-16.5B.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Remaining promo amortization headwinds may pressure pricing and ARPU.
  • Intensifying wireless and broadband competition from AT&T, T-Mobile, and satellite LEO providers.
  • Execution risk on AI infrastructure rollout and monetization timeline.
  • Integration and regulatory risk associated with the BT joint venture.
  • Dependence on spectrum acquisition timing and FCC approval processes.

Questions analysts left open

  • Impact of subsidy-free pricing on ARPU and overall revenue trends.
  • Competitive dynamics with AT&T, T-Mobile, and upcoming device launch cycles.
  • Capital requirements for AI infrastructure and fiber upgrades.
  • Performance trends and runway for Fixed Wireless Access.
  • Potential threat from satellite LEO broadband providers.

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Recent VZ quarters

All VZ earnings
+5.8%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.