Verizon Lifts Annual Forecasts as New Mobile Plans Spur Subscriber Gains
Wall Street gives Verizon the cleaner analyst profile, while American Express draws stronger crowd expectations for an earnings beat.
- On Friday, July 24, 2026, American Express and Verizon Communications reported Q2 2026 results, with Verizon raising annual profit guidance to $4.99–$5.04 per share as it surpassed wireless subscriber expectations.
- Verizon's strategic overhaul, including the launch of Simplicity unlimited plans and Verizon One bundled offerings, helped the network provider attract more wireless subscribers than expected in the June quarter.
- Verizon reported $34.3 billion in second-quarter revenue and adjusted profit of $1.30 per share, beating analyst estimates of $1.27 through cost controls and reduced device subsidy spending.
- Gaining 184,000 monthly-bill paying subscribers, CEO Dan Schulman said the company is "gaining subscribers and earning long-term retention based on real value rather than subsidized promotions."
- Wall Street favors Verizon for its zero Sell ratings and cleaner analyst consensus, positioning the company as a safer option for retirement investors compared to American Express.
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The Economic Times
Times of IndiaVerizon raises profit outlook on $1-bn Google dark fiber deal
Verizon has sealed a major agreement with Google, focusing on dark fiber connectivity, with a staggering value exceeding one billion dollars dedicated to their data centers. This collaboration has prompted the telecom giant to increase its annual adjusted profit forecast significantly. Anticipation builds for additional multi-billion dollar contracts as they navigate this transformative phase under new leadership.
Verizon lifts annual forecasts as new mobile plans spur subscriber gains
Verizon obtained a net balance of 184 thousand new post-paid phone connections in the second quarter, surpassing Wall Street's expectations in a metric that measures the capture of new profitable customers. Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.
Verizon Beats on Wireless, Internet Revenue Amid Turnaround
Verizon Communications Inc. reported mobility and broadband sales that exceeded Wall Street’s expectations in the second quarter, signaling that Chief Executive Officer Dan Schulman’s turnaround plan is starting to bear fruit.
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