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Verizon Communications Inc.
Dow 30 S&P 500
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$211.2B
Market Cap
10.0
P/E
4.85
PEG
9.1%
ROCE
17.1%
ROE
1.75
D/E
22.9%
OPM
-1.2%
% from 52W High
70
α RS
🔍 VZ is showing a high-conviction setup because it matches 6 of 39 tracked screener presets, Sector RRG has Communication Services in the Leading quadrant with the trail still rolling over, and RS Rating is 70. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 6/39 · Communication Services in Leading quadrant · RS Rating 70
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🌏 Global Investor Returns
Currency-adjusted total returns for VZ including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smartwatches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA and wireline broadband, advanced communication services, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company distributes its products and services through direct channels, company-operated stores, digital and omnichannel platforms, indirect agents, business solution resellers, and national retailers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 1.71M $86.0M 0.13% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$34.3B
-0.7% YoY
Mobility & Broadband Service Revenue
$23.4B
+2.8% YoY
Adjusted EBITDA
$13.7B
+7.2% YoY
Adjusted EPS
$1.30
+6.6% YoY
Net Income
$3.9B
-22.9% YoY
What Went Right
  • Postpaid phone net adds of 184,000, best Consumer Q2 in five years
  • Broadband net adds of 348,000; total mobility+broadband adds over 550,000
  • Free cash flow of $6.4B, up 24.4% YoY, raising full-year FCF growth guidance to 9%-10%
What to Watch
  • Equipment revenue fell nearly 20% (over $1.2B) due to lower upgrade volumes
  • Net income down 22.9% YoY on $1.8B special items, incl. $746M loss on BT JV disposition
  • Competition and satellite providers pose long-term risks, though management sees no near-term impact
Management Guidance
  • Q3 mobility & broadband service revenue growth approaching 3% YoY; Q4 approximately 4% YoY
  • Full-year mobility & broadband service revenue growth raised to 2.5%-3% (from 2%-3%)
  • Full-year adjusted EPS growth raised to 6%-7%; free cash flow growth raised to 9%-10%
Investor Lens
The thesis is clearly stronger. Verizon is delivering on its transformation with accelerating service revenue, record margins, and improving churn, while raising guidance for the second consecutive quarter. The new Simplicity/Verizon One/loyalty plans are resonating, and the AI fiber opportunity adds a new growth vector from 2027. Execution discipline is translating into cash flow and sustainable shareholder returns.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Transformational quarter: service revenue accelerates, margins at record high.
Revenue
Total revenue declined 0.7% YoY to $34.3B as equipment revenue fell ~20% (down >$1.2B). Mobility & broadband service revenue grew 2.8% to $23.4B, up 120bps sequentially.
Profitability
Net income was $3.9B, down 22.9% YoY due to $1.8B special items (including $746M loss on disposal of international wireline business and severance). Adjusted EPS rose 6.6% to $1.30.
Margins
Adjusted EBITDA was $13.7B, up 7.2% YoY, with margin expanding to 40.1% (highest ever) from 37.1%, driven by cost efficiency programs and lower promotional costs.
Balance Sheet
First-half operating cash flow grew 9.9% to $18.4B and free cash flow was $10.2B, up 16%; Q2 FCF was $6.4B, up 24.4%. Net unsecured debt/EBITDA improved to 2.5x, with CapEx of $8.2B in H1.
Key Risks
Management flagged a nearly 20% decline in equipment revenue (upgrade volumes down 27%) as a deliberate move, but it pressures total revenue. Net income was hit by special items. Longer-term, satellite competition is seen as minimal due to physics. Promo amortization headwinds have peaked and will ease.
Outlook
Verizon raised full-year mobility & broadband service revenue growth to 2.5%-3%, adjusted EPS growth to 6%-7%, and free cash flow growth to 9%-10%. Q3 service revenue should approach 3% and Q4 ~4%, with 2027 expected stronger.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-24
Q2 saw strong growth in mobility and broadband, with improved churn, record adjusted EBITDA margin, and raised guidance for revenue, EPS, and free cash flow. New customer-centric offerings and AI infrastructure deals position the company for multi-year growth.
Q1 2026 Q1 2026 2026-04-27
Q1 2026 saw 2.9% revenue growth, record adjusted EPS and EBITDA, and positive postpaid phone net adds for the first time in 13 years. Transformation and integration efforts drove lower churn, improved margins, and strong cash flow, prompting raised EPS and net add guidance for 2026.
Q4 2025 Q4 2025 2026-01-30
Q4 2025 saw record net adds and strong financials, with over $1 billion in expected synergies from the Frontier acquisition. 2026 guidance targets higher EPS, free cash flow, and postpaid phone net adds, supported by $5 billion in OpEx savings and a $25 billion share repurchase plan.
Q3 2025 Q3 2025 2025-10-29
Q3 revenue grew 1.5% year-over-year to $33.8B, with strong Free Cash Flow and EBITDA growth. The new CEO is driving a shift to customer-centric strategy, aggressive cost transformation, and capital efficiency, while leveraging the Frontier acquisition for convergence and cross-sell opportunities.
Q2 2025 Q2 2025 2025-07-21
Q2 2025 saw record Adjusted EBITDA and strong wireless service revenue growth, prompting raised full-year guidance for EBITDA, EPS, and free cash flow. Mobility and broadband segments delivered solid net adds, while disciplined cost management and AI-driven customer initiatives supported margin expansion.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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