Equity Profile

VZ

Verizon Communications Inc.

Communication ServicesIntegrated Telecommunication Services$192.5B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Verizon Communications Inc. is a leading provider of integrated telecommunications services, including wireless and broadband communications....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Verizon is attracting and retaining customers, which is crucial for revenue growth.

Positive growth expected

Average Revenue Per User (ARPU)

ARPU reflects the company's ability to generate revenue from its subscribers, which is vital for profitability.

Stable or increasing ARPU

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 provider of integrated telecommunications services, including wireless and broadband communications. As a major player in the Communication Services sector, Verizon plays a critical role in connecting consumers and businesses, making it a key focus for investors interested in trends like 5G expansion and digital connectivity.

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, beating estimates by 5.18%. The stock reacted positively, gaining 1.55% the next day.

Management Promises & Guidance

Continued investment in 5G technology.
Focus on improving customer service and satisfaction.
Commitment to maintaining competitive pricing.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Verizon's upcoming earnings, especially given its history of beating EPS estimates.

Bull Case

If Verizon shows strong subscriber growth and increasing ARPU, it could lead to a significant boost in stock price, reflecting confidence in its growth strategy.

Bear Case

On the other hand, if subscriber growth stagnates or CapEx rises without clear returns, it could raise concerns about profitability and lead to a negative reaction in the stock.

Key Metrics to Watch

Subscriber Growth

Positive growth expected

This metric indicates how well Verizon is attracting and retaining customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Stable or increasing ARPU

ARPU reflects the company's ability to generate revenue from its subscribers, which is vital for profitability.

Capital Expenditures (CapEx)

Increased CapEx expected

CapEx is important for understanding Verizon's investment in network infrastructure, especially with ongoing 5G rollout.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the subscriber growth rate for this quarter?

Subscriber growth is a key indicator of Verizon's market competitiveness and overall health, directly impacting revenue.

How has Average Revenue Per User (ARPU) changed this quarter?

Changes in ARPU can signal shifts in customer spending habits and pricing strategies, which are critical for future profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Verizon's ability to maintain subscriber growth despite competitive pressures, as its investments in 5G could yield unexpected returns.

Supporting Evidence

Verizon's historical EPS surprise rate is 100%, indicating consistent performance above expectations.

The options market is pricing a larger move than historical averages, suggesting the potential for significant news.

Recent insider selling could indicate a lack of confidence in the stock's short-term performance.

Key Risk

If subscriber growth comes in below 2%, it could challenge the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Verizon can sustain its growth amid increasing competition and rising costs.

Bull Confirmed If

Subscriber growth exceeding 3% YoY 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

±4.04%

Pricing rich

The options market is pricing in a significant move, indicating uncertainty about the earnings report.

Options price an 11.02% move while the stock has averaged only 4.04% over the last 8 quarters, indicating a rich setup.

Detail

ATM IV

0.3%

30d HV

18.6%

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

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

This setup has occurred 30 times across Communication Services in the last 2 years. 13 of 28 faded and 15 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.1%, with a raw directional average of +2.1% (modestly positive historical bias).

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 confidence in its growth strategy.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience a muted reaction, reflecting uncertainty.

Miss

If Verizon misses expectations, history suggests a potential decline, with average moves indicating a negative reaction.

Preparation

Congressional Activity

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

Trades

0 buys·3 sells

Members

House + Senate

Est. Notional

$102,003.00–$280,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G rollout progress and subscriber uptake.
2Details on ARPU trends and pricing strategies.
3Management's outlook on competitive pressures and market share.
4Insights into customer satisfaction and service improvements.
5Any commentary on future capital expenditures and their expected impact.

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 provider of integrated telecommunications services, including wireless and broadband communications....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Verizon is attracting and retaining customers, which is crucial for revenue growth.

Positive growth expected

Average Revenue Per User (ARPU)

ARPU reflects the company's ability to generate revenue from its subscribers, which is vital for profitability.

Stable or increasing ARPU

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, beating estimates by 5.18%. The stock reacted positively, gaining 1.55% the next day.

Management Promises & Guidance

Continued investment in 5G technology.
Focus on improving customer service and satisfaction.
Commitment to maintaining competitive pricing.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Verizon's upcoming earnings, especially given its history of beating EPS estimates.

Bull Case

If Verizon shows strong subscriber growth and increasing ARPU, it could lead to a significant boost in stock price, reflecting confidence in its growth strategy.

Bear Case

On the other hand, if subscriber growth stagnates or CapEx rises without clear returns, it could raise concerns about profitability and lead to a negative reaction in the stock.

Key Metrics to Watch

Subscriber Growth

Positive growth expected

This metric indicates how well Verizon is attracting and retaining customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Stable or increasing ARPU

ARPU reflects the company's ability to generate revenue from its subscribers, which is vital for profitability.

Capital Expenditures (CapEx)

Increased CapEx expected

CapEx is important for understanding Verizon's investment in network infrastructure, especially with ongoing 5G rollout.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the subscriber growth rate for this quarter?

Subscriber growth is a key indicator of Verizon's market competitiveness and overall health, directly impacting revenue.

How has Average Revenue Per User (ARPU) changed this quarter?

Changes in ARPU can signal shifts in customer spending habits and pricing strategies, which are critical for future profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Verizon's ability to maintain subscriber growth despite competitive pressures, as its investments in 5G could yield unexpected returns.

Supporting Evidence

Verizon's historical EPS surprise rate is 100%, indicating consistent performance above expectations.

The options market is pricing a larger move than historical averages, suggesting the potential for significant news.

Recent insider selling could indicate a lack of confidence in the stock's short-term performance.

Key Risk

If subscriber growth comes in below 2%, it could challenge the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Verizon can sustain its growth amid increasing competition and rising costs.

Bull Confirmed If

Subscriber growth exceeding 3% YoY 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

±4.04%

Pricing rich

The options market is pricing in a significant move, indicating uncertainty about the earnings report.

Options price an 11.02% move while the stock has averaged only 4.04% over the last 8 quarters, indicating a rich setup.

Detail

ATM IV

0.3%

30d HV

18.6%

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

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

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 confidence in its growth strategy.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience a muted reaction, reflecting uncertainty.

Miss

If Verizon misses expectations, history suggests a potential decline, with average moves indicating a negative reaction.

Preparation

Congressional Activity

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

Trades

0 buys·3 sells

Members

House + Senate

Est. Notional

$102,003.00–$280,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G rollout progress and subscriber uptake.
2Details on ARPU trends and pricing strategies.
3Management's outlook on competitive pressures and market share.
4Insights into customer satisfaction and service improvements.
5Any commentary on future capital expenditures and their expected impact.