Verizon rises on strong Q2 earnings, boost to guidance
Verizon rose almost 4% in Monday morning trading on strong second-quarter earnings and improved guidance for the full year.
The company reported adjusted earnings per share of $1.22, beating analysts’ consensus of $1.19, according to Bloomberg, while total operating revenues of $34.5 billion were also well ahead of the expected $33.8 billion.
Wireless service revenue grew 2.2% to $20.9 billion, and the company booked more than 300,000 net additions across mobility and broadband.
Management cited “strong operational execution in the first half of 2025 coupled with favorable tax reform” as prompting an improvement to its guidance.
Verizon raised its full-year outlook for adjusted EPS growth to 1% to 3% (upping the floor from its previous outlook) and upped free cash flow guidance by $2 billion $20.5 billion.
Some highlights broken down by business units:
Broadband
- 293,000 broadband net additions.
- 5.1 million fixed wireless access subscribers.
- Fixed wireless access net additions of 278,000.
- Total broadband customers: 12.9 million, up 12.2% year on year.
Verizon Consumer
- Wireless service revenue up 2.3% year on year to $17.4 billion.
- 50,000 wireless retail core prepaid net additions.
- 51,000 wireless retail postpaid phone net losses.
Verizon Business
- 65,000 wireless retail postpaid net additions.
- Business wireless service revenue was $3.6 billion, up 1.6% year on year.
