The telecom operator added 184,000 postpaid phone lines in the quarter, while profit fell on new joint venture costs and revenue declined 0.7% year over year to $34.25 billion.
Verizon Communications reported second-quarter 2026 results showing a net gain of 184,000 postpaid phone connections, topping Wall Street expectations on a key wireless growth metric. Revenue fell 0.7% from a year earlier to $34.25 billion, below analyst forecasts of about $35.16 billion to $35.31 billion. Quarterly profit declined due to costs tied to forming a new joint venture. The results come as Verizon continues a restructuring that includes the sale of 274 stores and workforce reductions of more than 13,000 jobs.