Verizon reports record Q2 EBITDA, raises full-year guidance, expands buyback to up to $4.5B

Filed July 24, 2026 · Period ending July 24, 2026 · ~1 min read

Key Changes

• high

  Q2 adjusted EBITDA hit record $13.7B (up 7.2% YoY) with record 40.1% margin; adjusted EPS grew 6.6% to $1.30; first-half free cash flow surged 16.0% to $10.2B

  Exhibit 99 view on EDGAR →
• high

  Raised full-year guidance: mobility/broadband service revenue growth to 2.5–3.0%, adjusted EPS to $4.99–$5.04 (6.0–7.0% growth), free cash flow growth to 9.0–10.0%

  Exhibit 99 view on EDGAR →
• high

  Expanded share buyback target to up to $4.5B (from prior target); completed $3.5B YTD; returned $9.4B total capital to shareholders in first half

  Exhibit 99 view on EDGAR →