VERIZON COMMUNICATIONS INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Verizon delivered steady Q1 FY2026 growth with revenue up 2.9% YoY to $34.4B and net income rising 3.4% to $5.0B, while a significant jump in cash and a large investing outflow signal a major acquisition or spectrum investment during the quarter.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue increased 2.9% YoY to $34.4B in Q1 FY2026 (vs. $33.5B in Q1 FY2025), reflecting continued demand for wireless and broadband services. This modest but consistent growth demonstrates the resilience of Verizon's subscription-based revenue model.
SG&A expenses declined 3.1% YoY to $7.6B from $7.9B, contributing to a slight improvement in operating margin from 23.8% to 23.9%. This cost discipline helped operating income grow 3.3% to $8.2B despite inflationary pressures.
Investing cash outflows surged to -$13.6B from -$3.8B in the prior year period, a 261.8% increase, suggesting a major acquisition, spectrum purchase, or infrastructure investment was completed in Q1 FY2026. This is the most notable balance sheet development of the quarter.
Revenue
$34.44B
++2.85% YoY
EPS (Basic)
$1.20
++3.45% YoY
Operating Income
$8.24B
++3.31% YoY
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