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Verizon Communications Inc. (NYSE: VZ) reported an increase in adjusted earnings for the second quarter of fiscal 2026, while revenues remained broadly unchanged year-over-year. Earnings also topped Wall Street’s expectations.
Second-quarter earnings, excluding one-off items, rose to $1.30 per share from $1.22 per share in the comparable period of fiscal 2025, beating estimates.
Total revenues came in at $34.3 billion in Q2, compared to $34.5 billion in the year-ago quarter. The company delivered 184,000 postpaid phone net additions and generated more than 550,000 total mobility and broadband net additions in second-quarter 2026.
Dan Schulman, Verizon CEO. “With recent updates including our new Simplicity plans, Verizon One converged offerings, and an industry-leading loyalty program, we are gaining subscribers and earning long-term retention based on real value rather than subsidized promotions. Our second-quarter results provide clear, compelling evidence that this transformation is driving a structural inflection point across our entire business. We are accelerating across our key metrics, achieving a step-change in churn reduction while lowering our customer acquisition and retention costs.”
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