VZ · Verizon Q2 FY2026 earnings call record财报电话会记录

“Consumer postpaid phone churn was 84 basis points, down from 90 basis points in Q1 and 95 basis points in Q4 of last year.”

“When you compound lower churn with healthier acquisition economics, you get exactly the kind of operating leverage you are seeing in our financial results.”

“As a result, we are raising our adjusted EPS guidance to 6%-7% growth for the year.”

“Consequently, we are raising our full year guidance for free cash flow growth from approximately 7% or more growth to 9%-10% growth.”

“We also completed $1 billion of share repurchases in the quarter, bringing year-to-date buybacks to $3.5 billion, already ahead of our full year commitment of at least $3 billion.”

“In Q2, our consumer promotional cost of acquisition improved by approximately 15% year-over-year, while our promotional cost of retention also improved by approximately 17% year-over-year.”

“As I've said, we will not raise prices without adding corresponding value for our customers.”

“That translates into better transparency, more flexibility and choice for customers, and meaningfully better margins for Verizon.”

“The combined JV will serve over 3,000 joint enterprise customers and represent roughly $4 billion of combined revenue at formation.”

“Sequential improvement in mobility and broadband service revenue was offset by lower equipment revenue, which was down nearly 20%, or over $1.2 billion from the prior year, as we drove significantly lower upgrade volumes.”

“You can see our consumer postpaid churn down 6 basis points, down sequentially two quarters in a row to 84 basis points.”

“They've got margins that are equal to or greater than our existing margin structures, they will begin to impact our revenues and margins beginning next year and grow substantially over the next 5-10 years.”