Equity Profile

VZ

Verizon Communications Inc.

Communication ServicesIntegrated Telecommunication Services$196.0B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Verizon Communications Inc. is a leading telecommunications company that provides wireless and wireline services across the United States....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is vital as it directly impacts revenue and market share in a competitive landscape.

Expected to show an increase in new subscribers.

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Verizon generates from each customer, indicating pricing power and customer loyalty.

Expected to remain stable or show slight growth.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

VZ Q2-2026 Earnings Preview

Context

Company Snapshot

Verizon Communications Inc. is a leading telecommunications company that provides wireless and wireline services across the United States. As a major player in the Communication Services sector, Verizon is crucial for connectivity and digital communication, especially as demand for data and mobile services continues to grow.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+2.29%

Avg Stock Reaction

+1.26%

Last Quarter Recap

In Q1 2026, Verizon reported an earnings per share (EPS) of $1.28, exceeding expectations by 5.18%. The stock rose 1.55% the following day, reflecting positive market sentiment.

Management Promises & Guidance

Commitment to improving network reliability and coverage.
Focus on expanding 5G services and customer base.
Plans to enhance customer service and reduce churn.

Expectations

Wall Street Expectations

Overall, analysts expect Verizon to continue its trend of beating earnings estimates, driven by strong subscriber growth and stable ARPU.

Bull Case

If Verizon can report higher-than-expected subscriber growth and ARPU, it could signal strong demand for its services and lead to a significant stock price increase.

Bear Case

Conversely, if subscriber growth slows or ARPU declines, it may raise concerns about competitive pressures and could negatively impact the stock.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase in new subscribers.

Tracking subscriber growth is vital as it directly impacts revenue and market share in a competitive landscape.

Average Revenue Per User (ARPU)

Expected to remain stable or show slight growth.

ARPU reflects how much revenue Verizon generates from each customer, indicating pricing power and customer loyalty.

Capital Expenditures

Expected to be in line with previous quarters.

Investments in infrastructure are crucial for maintaining service quality and expanding network capabilities.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the net change in subscriber count this quarter?

Subscriber growth is a key indicator of Verizon's market position and revenue potential, and any significant change could impact investor sentiment.

How has Average Revenue Per User (ARPU) changed compared to last quarter?

ARPU trends provide insight into pricing strategies and customer retention, which are critical for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Verizon's 5G expansion and customer loyalty initiatives, which could lead to stronger subscriber growth than anticipated.

Supporting Evidence

Historical performance shows a consistent ability to exceed EPS expectations.

Recent investments in customer service enhancements may reduce churn more than expected.

The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.

Key Risk

If subscriber growth exceeds 500,000, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on subscriber growth and ARPU, which are essential for sustaining revenue growth in a competitive market.

Bull Confirmed If

Subscriber growth of over 500,000 new customers this quarter would confirm the bull case.

Bear Confirmed If

A decline in ARPU below $50 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±11.02%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant potential move in either direction, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±11.0% while VZ has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

18.6%

Calls (1.2M)P/C Ratio: 1.07Puts (632K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Verizon beats expectations, history suggests the stock could rise by around 1.26%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience a muted reaction as investors reassess growth prospects.

Miss

If Verizon misses expectations, history suggests a potential decline of around 4.04%, raising concerns about competitive pressures.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·5 sells

Members

House + Senate

Est. Notional

$118,005.00–$345,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G rollout progress and its impact on subscriber growth.
2Details on customer retention strategies and their effectiveness.
3Any commentary on competitive pressures and market share.
4Insights into capital expenditures and future investments.
5Management's outlook on economic conditions affecting consumer spending.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Verizon Communications Inc. is a leading telecommunications company that provides wireless and wireline services across the United States....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is vital as it directly impacts revenue and market share in a competitive landscape.

Expected to show an increase in new subscribers.

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Verizon generates from each customer, indicating pricing power and customer loyalty.

Expected to remain stable or show slight growth.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

VZ Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+2.29%

Avg Stock Reaction

+1.26%

Last Quarter Recap

In Q1 2026, Verizon reported an earnings per share (EPS) of $1.28, exceeding expectations by 5.18%. The stock rose 1.55% the following day, reflecting positive market sentiment.

Management Promises & Guidance

Commitment to improving network reliability and coverage.
Focus on expanding 5G services and customer base.
Plans to enhance customer service and reduce churn.

Expectations

Wall Street Expectations

Overall, analysts expect Verizon to continue its trend of beating earnings estimates, driven by strong subscriber growth and stable ARPU.

Bull Case

If Verizon can report higher-than-expected subscriber growth and ARPU, it could signal strong demand for its services and lead to a significant stock price increase.

Bear Case

Conversely, if subscriber growth slows or ARPU declines, it may raise concerns about competitive pressures and could negatively impact the stock.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase in new subscribers.

Tracking subscriber growth is vital as it directly impacts revenue and market share in a competitive landscape.

Average Revenue Per User (ARPU)

Expected to remain stable or show slight growth.

ARPU reflects how much revenue Verizon generates from each customer, indicating pricing power and customer loyalty.

Capital Expenditures

Expected to be in line with previous quarters.

Investments in infrastructure are crucial for maintaining service quality and expanding network capabilities.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the net change in subscriber count this quarter?

Subscriber growth is a key indicator of Verizon's market position and revenue potential, and any significant change could impact investor sentiment.

How has Average Revenue Per User (ARPU) changed compared to last quarter?

ARPU trends provide insight into pricing strategies and customer retention, which are critical for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Verizon's 5G expansion and customer loyalty initiatives, which could lead to stronger subscriber growth than anticipated.

Supporting Evidence

Historical performance shows a consistent ability to exceed EPS expectations.

Recent investments in customer service enhancements may reduce churn more than expected.

The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.

Key Risk

If subscriber growth exceeds 500,000, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on subscriber growth and ARPU, which are essential for sustaining revenue growth in a competitive market.

Bull Confirmed If

Subscriber growth of over 500,000 new customers this quarter would confirm the bull case.

Bear Confirmed If

A decline in ARPU below $50 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±11.02%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant potential move in either direction, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±11.0% while VZ has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

18.6%

Calls (1.2M)P/C Ratio: 1.07Puts (632K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Verizon beats expectations, history suggests the stock could rise by around 1.26%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience a muted reaction as investors reassess growth prospects.

Miss

If Verizon misses expectations, history suggests a potential decline of around 4.04%, raising concerns about competitive pressures.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·5 sells

Members

House + Senate

Est. Notional

$118,005.00–$345,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G rollout progress and its impact on subscriber growth.
2Details on customer retention strategies and their effectiveness.
3Any commentary on competitive pressures and market share.
4Insights into capital expenditures and future investments.
5Management's outlook on economic conditions affecting consumer spending.