Verizon raises outlook after Q1 rebound

Verizon raised full-year guidance after Q1 revenue growth, higher EPS and its first positive postpaid phone adds in 13 years.

• Revenue reached $34.4bn as adjusted EPS rose 7.6 per cent to $1.28

• Subscriber gains lift confidence but rivalry with AT&T and T-Mobile remains intense

The fact

Verizon Communications reported Q1 revenue of $34.4 billion, up from $33.5 billion a year earlier, while adjusted EPS rose 7.6% to $1.28. It added 55,000 postpaid phone users, its first positive first quarter in 13 years. Verizon also added 127,000 fibre subscribers and 214,000 fixed wireless users. Full-year adjusted EPS guidance was raised to $4.95-$4.99 from $4.90-$4.95.

The assessment

The results indicate a credible recovery, with customer growth returning and earnings improving at the same time. However, Verizon is still rebuilding momentum against faster-growing rivals, meaning the quarter signals stabilisation rather than renewed market leadership. The upgraded outlook shows management expects recent operating gains to continue through 2026.