Segment Performance Divergence
Consumer segment revenues decreased 1.5% YoY to $26.24B, driven primarily by a 22.2% drop in wireless equipment revenue due to reduced upgrade activity, whereas Business segment revenues grew 2.6% YoY to $7.16B.
VERIZON COMMUNICATIONS INC is expected to release its Q3 2026 10-Q filing on October 20, 2026. Last quarter: In Q2 FY2026, Verizon reported operating revenue of $34.25B (down 0.7% YoY) and net income of $3.84B (down 23.3% YoY), impacted by lower wireless equipment upgrades and $1.34B in combined restructuring and asset disposition charges.
EPS Estimate
$1.32
Revenue Estimate
$35.93B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the VZ page.
Drawn from management commentary in the Q2 2026 10-Q:
Consumer segment revenues decreased 1.5% YoY to $26.24B, driven primarily by a 22.2% drop in wireless equipment revenue due to reduced upgrade activity, whereas Business segment revenues grew 2.6% YoY to $7.16B.
Cost of services personnel expenses increased by $199 million during Q2 FY2026, primarily driven by higher employee headcount following the acquisition of Frontier Communications Parent, Inc.
SG&A expense rose 15.0% YoY to $8.98B, impacted by a $746 million net loss on the classification of international wireline assets as held for sale, $397 million in workforce severance charges, and $200 million in asset rationalization charges.
Revenue
$34.25B
-0.73% YoY
EPS (Diluted)
$0.92
-22.03% YoY
Operating Income
$7.18B
-12.15% YoY
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