Oct 26, 7:00 AM ET
Verizon Communications Inc. reported its third-quarter 2026 financial results, highlighting net income of $5.3 billion and consolidated Adjusted EBITDA of $13.8 billion. Driven by strong postpaid phone net additions and operational performance, the company raised its full-year guidance for the third consecutive quarter.
- Delivered 406,000 postpaid phone net additions in third-quarter 2026.
- Reported net income of $5.3 billion and Adjusted EPS of $1.31 for the quarter.
- Raised full-year 2026 guidance for Adjusted EPS to $5.04 to $5.06.
Read the filing on SEC.gov ↗
Sep 29, 4:15 PM ET
Verizon's Board of Directors elected Charles Phillips, Co-Founder & Managing Partner of Recognize Partners LP, as a director effective September 25, 2026. He will receive the standard non-employee director compensation described in the company's April 6, 2026 proxy statement, and he has not yet been named to a Board committee.
- Charles Phillips elected as director effective September 25, 2026
- Phillips is Co-Founder & Managing Partner of Recognize Partners LP
- Compensation follows the Non-Employee Director Compensation program in the April 6, 2026 proxy statement
- No Board committee assignment has been made yet
Read the filing on SEC.gov ↗
Jul 24, 9:07 AM ET
Verizon amended CEO Daniel Schulman's employment agreement on July 23, 2026, extending his initial term from December 31, 2027 to December 31, 2028. After that, the agreement renews annually unless either party gives at least 90 days' notice. The filing also sets a 2028 long-term incentive award with a target value of at least $25 million, which would vest in full on a qualifying succession event.
- Initial term end date extended from December 31, 2027 to December 31, 2028
- Calendar 2028 long-term incentive award with target value of at least $25 million, granted in the first three months of 2027
- Award vests in full on termination due to a succession event on or after the grant date
- Renewals are annual, subject to 90 days' notice of non-extension
Read the filing on SEC.gov ↗
Jul 24, 7:00 AM ET
Verizon reported second-quarter 2026 total operating revenue of $34.3 billion, down 0.7% year over year, and net income of $3.9 billion, down 22.9%, mainly due to $1.8 billion in pre-tax special items, including a $746 million loss on disposition of business. Adjusted EPS rose 6.6% to $1.30, and Verizon raised its 2026 adjusted EPS forecast to $4.99 to $5.04 and expanded its full-year share buyback target to up to $4.5 billion.
- Total operating revenue was $34.3 billion, down 0.7%, as wireless equipment revenue fell over $1.2 billion, or nearly 20%
- Net income was $3.9 billion, down 22.9%; EPS was $0.92 versus $1.18 a year earlier, while adjusted EPS was $1.30 versus $1.22
- 2026 adjusted EPS guidance raised to $4.99 to $5.04, or 6.0 to 7.0 percent growth
- Verizon bought back $1.0 billion of shares in the second quarter and raised the full-year buyback target to up to $4.5 billion
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.