Equity Profile

VZ

Verizon Communications Inc.

Communication ServicesIntegrated Telecommunication Services$200.3B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Verizon Communications Inc. is a major player in the communication services sector, providing integrated telecommunication services....

Key Metrics to Watch

Subscriber Growth

Subscriber growth is vital for Verizon as it reflects customer demand and retention, impacting revenue.

Expected growth of 2% YoY.

Average Revenue Per User (ARPU)

ARPU indicates how much revenue Verizon generates from each subscriber, which is crucial for assessing profitability.

$135.

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 major player in the communication services sector, providing integrated telecommunication services. With a market cap of $200 billion, it plays a crucial role in connecting consumers and businesses through wireless and broadband services, making it significant in the current digital age.

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 EPS of $1.28, exceeding expectations by 5.18%. The stock reacted positively, gaining 1.55% the following day.

Management Promises & Guidance

Commitment to enhancing 5G network coverage.
Plans to improve customer service and reduce churn.
Focus on expanding broadband services.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Verizon's upcoming earnings, particularly due to its consistent EPS surprises in recent quarters.

Bull Case

If Verizon continues its trend of beating EPS estimates, it could signal strong operational efficiency and subscriber growth, driving the stock higher.

Bear Case

Conversely, any signs of slowing subscriber growth or increased competition could lead to negative sentiment and a drop in stock price.

Key Metrics to Watch

Subscriber Growth

Expected growth of 2% YoY.

Subscriber growth is vital for Verizon as it reflects customer demand and retention, impacting revenue.

Average Revenue Per User (ARPU)

$135.

ARPU indicates how much revenue Verizon generates from each subscriber, which is crucial for assessing profitability.

Capital Expenditures

$5 billion.

Investments in infrastructure are important for future growth and service quality, especially with 5G expansion.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected subscriber growth rate for Q2 2026?

Subscriber growth is a key indicator of Verizon's market position and future revenue potential, making it a focal point for investors.

How is Verizon managing its capital expenditures in relation to 5G expansion?

Understanding capital expenditures will provide insights into Verizon's commitment to infrastructure and its ability to compete in the evolving telecom landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the impact of Verizon's aggressive 5G rollout on subscriber acquisition, which could drive higher-than-expected growth.

Supporting Evidence

Verizon's recent investments in infrastructure are likely to enhance service quality and attract new customers.

The options market indicates significant movement expectations, suggesting that traders anticipate a major shift in sentiment post-earnings.

Key Risk

If subscriber growth exceeds 2%, it could challenge the current cautious outlook and lead to upward revisions in future earnings estimates.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on subscriber metrics and capital investment strategies, which are critical for sustaining growth.

Bull Confirmed If

Subscriber growth of 2% YoY or better would confirm the bull case.

Bear Confirmed If

Subscriber growth below 1% would signal potential weakness in customer retention.

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, indicating heightened uncertainty or anticipation 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 a potential stock increase of around 1.26%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to a muted response, as investors weigh management's commentary on future growth prospects.

Miss

A disappointing report could lead to a decline, with history suggesting a potential drop of around 4.04% if expectations are not met.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

House only

Est. Notional

$100,001.00–$250,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G network expansion and its impact on subscriber growth.
2Details on customer retention strategies and churn rates.
3Insights into capital expenditures and future investment plans.
4Management's outlook on competitive pressures in the telecom industry.
5Any commentary on broadband service growth and its contribution to revenue.

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 major player in the communication services sector, providing integrated telecommunication services....

Key Metrics to Watch

Subscriber Growth

Subscriber growth is vital for Verizon as it reflects customer demand and retention, impacting revenue.

Expected growth of 2% YoY.

Average Revenue Per User (ARPU)

ARPU indicates how much revenue Verizon generates from each subscriber, which is crucial for assessing profitability.

$135.

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 EPS of $1.28, exceeding expectations by 5.18%. The stock reacted positively, gaining 1.55% the following day.

Management Promises & Guidance

Commitment to enhancing 5G network coverage.
Plans to improve customer service and reduce churn.
Focus on expanding broadband services.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Verizon's upcoming earnings, particularly due to its consistent EPS surprises in recent quarters.

Bull Case

If Verizon continues its trend of beating EPS estimates, it could signal strong operational efficiency and subscriber growth, driving the stock higher.

Bear Case

Conversely, any signs of slowing subscriber growth or increased competition could lead to negative sentiment and a drop in stock price.

Key Metrics to Watch

Subscriber Growth

Expected growth of 2% YoY.

Subscriber growth is vital for Verizon as it reflects customer demand and retention, impacting revenue.

Average Revenue Per User (ARPU)

$135.

ARPU indicates how much revenue Verizon generates from each subscriber, which is crucial for assessing profitability.

Capital Expenditures

$5 billion.

Investments in infrastructure are important for future growth and service quality, especially with 5G expansion.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected subscriber growth rate for Q2 2026?

Subscriber growth is a key indicator of Verizon's market position and future revenue potential, making it a focal point for investors.

How is Verizon managing its capital expenditures in relation to 5G expansion?

Understanding capital expenditures will provide insights into Verizon's commitment to infrastructure and its ability to compete in the evolving telecom landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the impact of Verizon's aggressive 5G rollout on subscriber acquisition, which could drive higher-than-expected growth.

Supporting Evidence

Verizon's recent investments in infrastructure are likely to enhance service quality and attract new customers.

The options market indicates significant movement expectations, suggesting that traders anticipate a major shift in sentiment post-earnings.

Key Risk

If subscriber growth exceeds 2%, it could challenge the current cautious outlook and lead to upward revisions in future earnings estimates.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on subscriber metrics and capital investment strategies, which are critical for sustaining growth.

Bull Confirmed If

Subscriber growth of 2% YoY or better would confirm the bull case.

Bear Confirmed If

Subscriber growth below 1% would signal potential weakness in customer retention.

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, indicating heightened uncertainty or anticipation 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 a potential stock increase of around 1.26%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to a muted response, as investors weigh management's commentary on future growth prospects.

Miss

A disappointing report could lead to a decline, with history suggesting a potential drop of around 4.04% if expectations are not met.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

House only

Est. Notional

$100,001.00–$250,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G network expansion and its impact on subscriber growth.
2Details on customer retention strategies and churn rates.
3Insights into capital expenditures and future investment plans.
4Management's outlook on competitive pressures in the telecom industry.
5Any commentary on broadband service growth and its contribution to revenue.