Form 10-Q · Quarterly report
Verizon 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0000732712
- Accession no.
- 0000732712-26-000046
Summary
Verizon reported second-quarter 2026 consolidated operating revenue of $34.25 billion, down 0.7% from a year earlier, as Consumer segment revenue fell 1.5% to $26.24 billion while Business segment revenue rose 2.6% to $7.16 billion. The company said it expects 2026 capital expenditures of $16.0 billion to $16.5 billion, and disclosed an agreement in principle with AT&T and T-Mobile US to form a joint venture using satellite direct-to-device technology to close U.S. wireless coverage gaps, plus a transaction agreement with BT Group to each take a 50% stake in Jasper NewCo Limited.
Key points
- Six-month 2026 consolidated operating revenues rose 1.0% to $68.69 billion, and capital expenditures totaled $8.2 billion.
- Consolidated operating expenses rose 2.8% to $27.07 billion in the quarter, driven by a 15.0% increase in selling, general and administrative expense and an 8.0% rise in depreciation and amortization.
- The AT&T and T-Mobile joint venture, agreed in principle on May 14, 2026, remains subject to negotiating definitive agreements and customary closing conditions.
- Verizon's international wireline connectivity and managed network services business was classified as held for sale in the second quarter and moved from the Business segment to Corporate and other.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Verizon Communications Inc. (the Company) is a holding company that, acting through its subsidiaries (together with the Company, collectively, Verizon), is one of the world's leading providers of communications, technology, information and streaming products and services to consumers, businesses and government entities. With a presence around the world, we offer data, video and voice services and solutions on our networks and platforms that are designed to meet customers’ demand for mobility, reliable network connectivity and security. …
An excerpt of the text as filed with the SEC, cut for length.
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