Verizon Communications Inc. (VZ) earnings on July 24, 2026

Before the market opens Q2 2026

More Verizon Communications Inc. earnings

Prior outlook: Pessimistic Outcome: Partial

Verizon shares rose sharply after the company raised its earnings forecast.

VZ price around the earnings

46.38

Change: +5.8%

2026-07-24, 20:00 UTC

Start of the measured window End of the measured window
42.81 44.00 45.19 46.38 43.82
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 24, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Despite strong recent beat history and analyst upside, VZ faces accelerating negative trend strength and macro headwinds into earnings.

Context analyzed before publication

Trend
Consistent and accelerating negative trend strength into the event, overshadowed by macro and operational headwinds.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.27
Analysts covering the stock
23
Average price target
51.12
Lowest price target
43
Highest price target
71
Upside to price target
16.7%
Quarterly earnings growth
3.4%
Revenue growth
2.9%
Forward EPS
5.27
Trailing EPS
4.06
Analyst moves in the last 60 days
6
  • Strong buy: 3
  • Buy: 8
  • Hold: 15
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
8
Hold
15
Sell
0
Strong sell
0
  • July 20, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
  • July 15, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
  • July 14, 2026 · BNP Paribas: Maintains rating (Neutral → Neutral)
  • July 8, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • July 8, 2026 · Wells Fargo: Initiates coverage (Equal-Weight)
  • June 12, 2026 · Freedom Broker: Initiates coverage (Hold)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (5)

Technicals

Evidence

Average true range (ATR)
2.5%
Distance to 52-week high
-12.0%
14-day change (14d)
+3.8%
30-day change (30d)
-6.2%
30-day relative strength
-6.8%
SPY change (30d)
+0.6%
Nearest support
43.7
Nearest resistance
44
Volume accumulation ratio (14d / 46d)
1.12

Trends

Evidence

Average earnings surprise
+3.3%
  • April 27, 2026: actual EPS 1.28 vs estimate 1.21 (surprise +5.8%)
  • January 30, 2026: actual EPS 1.09 vs estimate 1.06 (surprise +3.3%)
  • October 29, 2025: actual EPS 1.21 vs estimate 1.19 (surprise +1.5%)
  • July 21, 2025: actual EPS 1.22 vs estimate 1.19 (surprise +2.6%)

Expected move

Implied move
+0.1%
Source
Options chain

Reactions over its last 19 earnings

Median move
4.2%
75th percentile move
5.9%
90th percentile move
7.3%
Up / down moves
12 / 7
Average up move
+3.6%
Average down move
-4.8%

Monitoring and close

What Verizon Communications Inc. reported

Status
Finished
Actual EPS1.3
EPS estimate1.27
EPS surprise+2.4%
Revenue$34,253 million
Revenue estimate$35,111 million
Revenue surprise-2.4%

Verizon beats Q2 estimates, raises outlook, and signs $1B dark fiber deal with Google for AI. Stock rises on optimistic AI growth story.

Sources (45)

Pre-market second reading after the results

Verdict
Mixed results

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Partial
Consolidated
+5.8%
Max favorable move (MFE)
2.5%
Max adverse move (MAE)
6%