Verizon Raises Earnings Guidance and Hits Record Subscriber Growth Despite Debt

Key Facts

Verizon Communications reported quarterly earnings of $1.28 per share, beating estimates and raising its adjusted annual earnings growth guidance to a 5% to 6% range. Under the leadership of Dan Schulman, the company achieved its first positive Q1 retail postpaid phone net additions since 2013. Management has now set a target for cost synergies exceeding $1 billion by 2028, while leveraging fiber and 5G assets for AI infrastructure. Despite the leverage associated with the Frontier acquisition, VZ stock has recorded a 21.4% rally since the start of the year, outperforming the S&P 500. This performance underscores the market's positive reception of Verizon's strategic shift and operational efficiency goals.

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