Verizon Communications is rolling out an aggressive customer-retention strategy that includes a new simplified wireless plan, a bundled mobility and home services offering, and a loyalty program that scraps upgrade and activation fees while offering cashback and sweepstakes prizes. The telecom giant reported first-quarter fiscal 2026 revenue of $34.4 billion, up 2.9 percent year-over-year but slightly below analyst expectations, while adjusted earnings per share rose 7.6 percent to $1.28, beating estimates. Verizon added 55,000 postpaid phone net additions, its first positive first-quarter result in that category since 2013, and raised its full-year 2026 adjusted EPS growth guidance to 5 to 6 percent. The company also announced a quarterly dividend of $0.7075 per share, maintaining a forward annualized yield of approximately 6.24 percent, and repurchased $2.5 billion in stock during the quarter. Analysts hold a consensus Moderate Buy rating on the stock with an average price target of $51.96, implying roughly 14.55 percent upside.
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Amazon.com IncVerizon Communications IncVerizon raised full-year adjusted EPS guidance and repurchased $2.5B in stock, signaling financial strength
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