Verizon Delivers Record 2Q26 Results as Strategic Transformation Ignites Accelerated Growth

Key Highlights: * Mobility and broadband service revenue grew by 2.8 percent in second-quarter 2026, and forecasted to rise to approximately 4.0 percent growth in fourth-quarter 2026 * Delivered 184,000 postpaid phone net additions, with the best Consumer second-quarter postpaid phone net additions in the past five years * Generated more than 550,000 total mobility and broadband net additions in second-quarter 2026, an increase of more than 230,000 compared to second-quarter 2025 * Delivered more than 1 million mobility and broadband net additions in first-half of 2026, more than doubling the mobility and broadband net additions in first-half of 2025 * Built account momentum, achieving new postpaid account growth over the past 60 days * Grew cash flow from operations in first-half of 2026 by 9.9 percent compared to first-half of 2025 to fuel a 16.0 percent surge in free cash flow(1). Second-quarter 2026 cash flow from operations grew by 16.3 percent and free cash flow(1) grew by 24.4 percent * Executed with strict operational discipline and delivered solid consolidated net income performance to drive the highest adjusted EBITDA(1) and adjusted EBITDA margin(1) ever reported * Raised full year guidance for mobility and broadband service revenue, cash flow from operations, free cash flow(1) and adjusted earnings per share (EPS)(1) * Returned $9.4 billion in total capital to shareholders in first-half of 2026 while expanding the full-year share buyback target to up to $4.5 billion NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced exceptional second-quarter 2026 financial and operational results, showcasing how its customer-first strategic transformation is driving sustainable growth and momentum. Intense operational discipline and improved unit economics translated directly into subscriber growth, lower churn, strong operating cash flow and industry-leading free cash flow¹ generation. With these results, Verizon raised its full-year guidance for the second consecutive quarter. Verizon also expanded its full-year share buyback target to up to $4.5 billion.