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Verizon Posts First Q1 Phone Adds Since 2013
28 Apr
Summary
- Verizon achieved its first positive Q1 postpaid phone net adds in over a decade.
- The company raised its 2026 Adjusted EPS guidance to 5.0-6.0% growth.
- Frontier acquisition results are included starting January 20, 2026.
Verizon Communications Inc. announced encouraging first-quarter 2026 financial and operating results, highlighting accelerating momentum in its strategic transformation. The company achieved its first positive first-quarter postpaid phone net additions since 2013, a significant milestone attributed to improved customer acquisition, reduced churn, and enhanced operational efficiency.
CEO Dan Schulman expressed confidence in the company's turnaround, stating that customer-centric strategies are driving healthier economics and loyalty. Based on this strong performance, Verizon has raised its 2026 Adjusted Earnings Per Share (EPS) guidance to a year-over-year growth of 5.0 to 6.0 percent. Additionally, total retail postpaid phone net additions for 2026 are now expected to be in the upper half of the previously forecasted range of 750,000 to one million.
Verizon's financial and operating results now include those of Frontier, following the acquisition's closing on January 20, 2026. The company is headquartered in New York City and reported $138.2 billion in revenues for 2025, serving millions of customers worldwide.
