Citable filing context
VZ's research view summarizes recent SEC filing context, starting with earnings from Jul 24, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 24, 2026 | earnings | Verizon reported second-quarter 2026 results and raised its full-year guidance for service revenue, cash flow, and EPS. |
| Jul 24, 2026 | management_change | Verizon extended CEO Daniel H. Schulman's employment agreement through December 31, 2028, with updated compensation terms. |
| Jun 29, 2026 | material_agreement | Verizon partnered with BT Group to form a 50/50 joint venture, contributing business assets and paying $625 million. |
| Jul 24, 2026 | Guidance: adjusted_eps | 4.99 to 5.04 |
| Jul 24, 2026 | Guidance: capital_expenditures | 16000.00 to 16500.00 |
| Jul 24, 2026 | Guidance: cash_flow_from_operations_growth | 2.00 to 4.00 |
| Jul 31, 2026 | mda_quarterly | Verizon’s financial performance for the first half of 2026 was defined by significant strategic acquisitions and portfolio restructuring. The company completed the $9.8 billion acquisition of Frontier Communications in January 2026, expanding its fiber broadband footprint to 31 states and Washington D.C. Additionally, Verizon acquired UScellular spectrum licenses for $1.0 billion and was the winning bidder for 82 AWS-3 spectrum licenses valued at $3.2 billion. Conversely, Verizon entered an agreement to form a 50/50 joint venture with BT Group, contributing its international wireline connectivity and managed network services business, which resulted in a $746 million pre-tax loss on disposition. Consolidated operating revenues for the six months ended June 30, 2026, rose 1.0% to $68.7 billion, driven by growth in both the Consumer and Business segments. However, operating income declined to $15.4 billion from $16.2 billion in the prior year, pressured by $2.1 billion in special items, including severance charges, acquisition-related integration costs, and asset rationalization. Verizon’s liquidity remains supported by $18.4 billion in cash from operations, though cash and cash equivalents decreased to $1.8 billion as the company utilized capital for debt repayments, including $12.4 billion of assumed Frontier debt, and $3.5 billion in share repurchases. |
| May 1, 2026 | mda_quarterly | Verizon's Board of Directors authorized a $25 billion share repurchase program on January 30, 2026. The company initiated this program in February 2026 by entering into Accelerated Share Repurchase (ASR) agreements totaling $2.5 billion. Under these ASRs, Verizon received an initial delivery of 45,116,772 shares in February, based on a reference price of $47.10. The ASR transactions were completed in March 2026, resulting in an additional 5,641,251 shares. In total, 50,758,023 shares were repurchased through the ASR agreements at an average price of $49.25 per share, excluding excise tax. Following these transactions, approximately $22.5 billion remains authorized under the share repurchase program. The shares acquired via ASR were immediately classified as treasury shares and excluded from the weighted average common shares outstanding used for basic and diluted earnings per share calculations. Future repurchases will depend on prevailing stock prices, market conditions, and other considerations, and the program may be suspended or discontinued at the company's discretion. |
Source: SEC EDGAR filing text and events; period Jul 24, 2026; filed Jul 24, 2026.
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