Verizon Communications Inc.

Telecom Services • Communication Services • New York, NY, United States • VZ (NYQ)

212 395 1000 1095 Avenue of the Americas, New York, NY 10036, United States

Quarter: Q1 2026 Reported: January 30, 2026 Sentiment: Neutral

Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smart watches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and conferencing, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Analysis Summary

Verizon Communications Inc. filed a Form 8-K on January 30, 2026, primarily to disclose its registered securities and provide detailed definitions of its non-GAAP financial measures. The most significant strategic update within the filing was the confirmation of the acquisition of Frontier Communications Parent, Inc., which was completed in January 2026. This acquisition is expected to incur integration-related charges, as noted in the non-GAAP adjustments section for 2025. Operationally, the company indicated ongoing business transformation initiatives, including workforce reduction efforts in 2025 that led to severance charges, and asset and business rationalization activities in 2024 and 2025 aimed at exiting non-strategic portions of businesses and ceasing use of certain real estate assets. The filing meticulously outlined the calculation methodologies for non-GAAP metrics such as Consolidated EBITDA, Segment EBITDA, Consolidated Adjusted EBITDA, Net Unsecured Debt, Adjusted EPS, and Free Cash Flow, underscoring Verizon's commitment to providing comprehensive financial insights beyond GAAP. A notable disclosure was the inability to provide a reconciliation for the Adjusted EPS Forecast for 2026, citing the unpredictability of special items. The document itself did not contain specific Q1 2026 financial results, revenue, earnings, or detailed forward-looking guidance, deferring these to an attached press release and financial tables. Therefore, a comprehensive analysis of financial performance, competitive positioning, or market trends based solely on this 8-K is not possible.

Key Highlights

• Form 8-K filed on January 30, 2026, detailing financial reporting practices and debt instruments.
• Completion of the acquisition of Frontier Communications Parent, Inc. in January 2026.
• Ongoing workforce reduction initiatives and asset/business rationalization efforts in 2025.
• Detailed definitions and calculation methodologies for key non-GAAP financial measures (e.g., Adjusted EBITDA, Adjusted EPS, Free Cash Flow).
• Explicit statement that reconciliation for 2026 Adjusted EPS Forecast cannot be provided due to unpredictable special items.
• The filing itself does not contain specific Q1 2026 financial results or detailed guidance, which are expected in an attached press release.

Financial Metrics

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revenue

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guidance

net income

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Stock Performance (90 Days)

Data through Feb 3, 2026

Layoff Events

Earnings Calls

Positive Signals

• Successful completion of the Frontier Communications Parent, Inc. acquisition.
• Proactive management of costs through workforce reduction and asset rationalization initiatives.
• Commitment to transparency in financial reporting through detailed non-GAAP measure definitions.
• Ongoing business transformation efforts aimed at optimizing the company's portfolio.

Risks & Concerns

— Inability to predict special items for 2026, impacting the clarity of Adjusted EPS Forecasts.
— Integration risks and associated charges from the recently completed Frontier Communications acquisition.
— Potential for ongoing severance charges and asset rationalization costs as transformation initiatives continue.
— The inherent complexities and potential disruptions associated with significant business transformation and portfolio optimization.