Equity Profile

VZ

Verizon Communications Inc.

Communication ServicesIntegrated Telecommunication Services$200.3B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Verizon Communications Inc. (VZ) is a leading telecommunications company that provides wireless and wireline services to consumers and businesses....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Verizon is attracting and retaining customers, which is vital for revenue growth.

Positive growth expected

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Verizon generates from each subscriber, impacting overall profitability.

Stable or increasing ARPU expected

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

VZ Q2-2026 Earnings Preview

Context

Company Snapshot

Verizon Communications Inc. (VZ) is a leading telecommunications company that provides wireless and wireline services to consumers and businesses. As a major player in the Communication Services sector, Verizon is crucial for connectivity in an increasingly digital world, making it relevant amid trends like remote work and increased data consumption.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+2.29%

Avg Stock Reaction

+1.26%

Last Quarter Recap

In Q1 2026, Verizon reported an earnings per share (EPS) of $1.28, exceeding expectations by 5.18%. The stock reacted positively, gaining 1.55% the following day.

Management Promises & Guidance

Commitment to enhancing 5G network coverage.
Focus on improving customer service and satisfaction.
Plans to explore new revenue streams through digital services.

Expectations

Wall Street Expectations

Overall, Wall Street expects Verizon to continue its trend of beating EPS estimates, driven by strong subscriber growth and stable ARPU.

Bull Case

If Verizon reports strong subscriber growth and ARPU increases, it could signal robust demand and operational efficiency, leading to a significant stock price increase.

Bear Case

Conversely, if subscriber growth stagnates or ARPU declines, it may raise concerns about market saturation and competitive pressures, potentially leading to a drop in stock value.

Key Metrics to Watch

Subscriber Growth

Positive growth expected

This metric indicates how well Verizon is attracting and retaining customers, which is vital for revenue growth.

Average Revenue Per User (ARPU)

Stable or increasing ARPU expected

ARPU reflects how much revenue Verizon generates from each subscriber, impacting overall profitability.

Network Expansion Progress

Continued investment in 5G rollout

Updates on network expansion efforts can provide insights into future growth potential and competitive positioning.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate compared to last quarter?

Subscriber growth is a key indicator of Verizon's market performance and future revenue potential.

How has ARPU changed in the last quarter?

Changes in ARPU will provide insights into customer spending habits and overall profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Verizon's ongoing investments in 5G and digital services, which could drive higher subscriber retention and new customer acquisition.

Supporting Evidence

Verizon's recent subscriber growth has outpaced industry averages, suggesting stronger demand than anticipated.

Options are pricing a larger move than historical averages, indicating potential for a significant surprise.

Management's commitment to expanding 5G coverage may lead to increased market share.

Key Risk

If subscriber growth comes in below 1%, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Verizon's ability to grow its subscriber base and maintain ARPU against competitive pressures in the telecommunications sector.

Bull Confirmed If

Subscriber growth of 2% or higher compared to last quarter would confirm the bull case.

Bear Confirmed If

A decline in ARPU below $50 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±11.02%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±11.0% while VZ has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

18.6%

Calls (1.2M)P/C Ratio: 1.07Puts (632K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

This setup has occurred 30 times across Communication Services in the last 2 years. 13 of 28 faded and 15 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.1%, with a raw directional average of +2.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Verizon beats expectations, history suggests the stock could rise by around 1.26%, confirming strong operational performance.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, reflecting uncertainty in future growth.

Miss

If Verizon misses expectations, history suggests a potential decline of around 4.04%, raising concerns about its competitive position.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$100,001.00–$250,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G network expansion and its impact on subscriber growth.
2Details on customer retention strategies and their effectiveness.
3Any changes in competitive landscape and how Verizon plans to respond.
4Insights into ARPU trends and factors influencing customer spending.
5Management's outlook on future revenue streams from digital services.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Verizon Communications Inc. (VZ) is a leading telecommunications company that provides wireless and wireline services to consumers and businesses....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Verizon is attracting and retaining customers, which is vital for revenue growth.

Positive growth expected

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Verizon generates from each subscriber, impacting overall profitability.

Stable or increasing ARPU expected

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

VZ Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+2.29%

Avg Stock Reaction

+1.26%

Last Quarter Recap

In Q1 2026, Verizon reported an earnings per share (EPS) of $1.28, exceeding expectations by 5.18%. The stock reacted positively, gaining 1.55% the following day.

Management Promises & Guidance

Commitment to enhancing 5G network coverage.
Focus on improving customer service and satisfaction.
Plans to explore new revenue streams through digital services.

Expectations

Wall Street Expectations

Overall, Wall Street expects Verizon to continue its trend of beating EPS estimates, driven by strong subscriber growth and stable ARPU.

Bull Case

If Verizon reports strong subscriber growth and ARPU increases, it could signal robust demand and operational efficiency, leading to a significant stock price increase.

Bear Case

Conversely, if subscriber growth stagnates or ARPU declines, it may raise concerns about market saturation and competitive pressures, potentially leading to a drop in stock value.

Key Metrics to Watch

Subscriber Growth

Positive growth expected

This metric indicates how well Verizon is attracting and retaining customers, which is vital for revenue growth.

Average Revenue Per User (ARPU)

Stable or increasing ARPU expected

ARPU reflects how much revenue Verizon generates from each subscriber, impacting overall profitability.

Network Expansion Progress

Continued investment in 5G rollout

Updates on network expansion efforts can provide insights into future growth potential and competitive positioning.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate compared to last quarter?

Subscriber growth is a key indicator of Verizon's market performance and future revenue potential.

How has ARPU changed in the last quarter?

Changes in ARPU will provide insights into customer spending habits and overall profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Verizon's ongoing investments in 5G and digital services, which could drive higher subscriber retention and new customer acquisition.

Supporting Evidence

Verizon's recent subscriber growth has outpaced industry averages, suggesting stronger demand than anticipated.

Options are pricing a larger move than historical averages, indicating potential for a significant surprise.

Management's commitment to expanding 5G coverage may lead to increased market share.

Key Risk

If subscriber growth comes in below 1%, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Verizon's ability to grow its subscriber base and maintain ARPU against competitive pressures in the telecommunications sector.

Bull Confirmed If

Subscriber growth of 2% or higher compared to last quarter would confirm the bull case.

Bear Confirmed If

A decline in ARPU below $50 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±11.02%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

Options are pricing ±11.0% while VZ has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

18.6%

Calls (1.2M)P/C Ratio: 1.07Puts (632K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Verizon beats expectations, history suggests the stock could rise by around 1.26%, confirming strong operational performance.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, reflecting uncertainty in future growth.

Miss

If Verizon misses expectations, history suggests a potential decline of around 4.04%, raising concerns about its competitive position.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$100,001.00–$250,000.00

disclosed dollar ranges

Most Active Members

D-VAJennifer McClellanRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G network expansion and its impact on subscriber growth.
2Details on customer retention strategies and their effectiveness.
3Any changes in competitive landscape and how Verizon plans to respond.
4Insights into ARPU trends and factors influencing customer spending.
5Management's outlook on future revenue streams from digital services.