Verizon Lifts 2026 EPS Guidance

Verizon just posted its best first-quarter postpaid phone gains in over a decade, adding 55,000 new customers while growing revenue to $34.4 billion and raising its 2026 profit outlook. With healthier customer economics, lower churn, and $3.8 billion in free cash flow, Verizon is pressuring rivals AT&T and T-Mobile to keep up—especially if it can sustain this momentum without resorting to heavy promotions.

But here’s the catch: while Verizon’s broadband business added 341,000 subscribers, the growth in fixed wireless access (FWA) is starting to slow. CEO Dan Schulman is betting big on fiber, aiming to pass more than 32 million homes by 2026, accelerated by the Frontier acquisition. Only 20% of Verizon’s base currently uses broadband, but in fiber-covered areas, that jumps to 55%—a sign the strategy could pay off if execution keeps pace. The looming risk: FWA’s slowdown versus network capacity, with upcoming spectrum auctions and infrastructure upgrades set to determine whether Verizon hits its ambitious 2028 goals.

Based on sharp reporting from Light Reading and fresh commentary from Dan Schulman, this episode unpacks the numbers and the strategy behind Verizon’s turnaround moment.

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