Verizon Posts Record Q2 2026 Growth on Subscriber Surge and Cost Discipline — Verizon Communications Inc.

Event summary

Mobility and broadband service revenue grew by 2.8% YoY in Q2 2026, with forecasts predicting a rise to 4.0% growth by Q4.
Verizon added 184,000 postpaid phone net additions, the best Consumer second-quarter performance in five years.
Total mobility and broadband net additions reached 550,000 in Q2 2026, a 230,000 increase compared to Q2 2025.
Cash flow from operations grew by 9.9% YoY in the first half of 2026, fueling a 16.0% surge in free cash flow.
Verizon raised its full-year guidance for mobility and broadband service revenue, cash flow from operations, free cash flow, and adjusted EPS.

The big picture

Verizon's Q2 2026 results highlight a strategic inflection point driven by customer-centric initiatives like Simplicity plans and Verizon One converged offerings. The company's focus on reducing churn and lowering acquisition costs has translated into strong operating cash flow and industry-leading free cash flow generation. This transformation is reshaping Verizon’s growth trajectory, with AI infrastructure revenue emerging as a new growth driver.

What we're watching

Sustainable Growth: Whether Verizon can maintain its accelerated growth trajectory through the second half of 2026, particularly in light of its strategic shift away from device subsidies.
Operational Discipline: The pace at which Verizon's operational discipline and improved unit economics will continue to drive subscriber growth and lower churn rates.
AI Infrastructure Revenue: How the emergence of AI infrastructure revenue will impact Verizon’s overall growth trajectory and its ability to reshape its business model.