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last_updated: 2026-05-03T21:05:06.610Z
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# Verizon Communications Inc. (VZ) Q4 FY2026 Earnings Preview

> This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-03T21:05:05.466Z. Educational tool, not investment advice.

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## Quick Summary

| Field | Value | Source |
|---|---|---|
| Price | $48.11 (▲ 0.17%) | fmp:quote |
| Market Cap | $202.9B | fmp:profile |
| 52w range | $38.39 – $51.68 | fmp:quote |
| Earnings | Tue 21 Jul | fmp:earnings-history |
| EPS estimate | $1.28 (+5% YoY) | fmp:earnings-estimate |
| Revenue estimate | $35.5B | fmp:earnings-estimate |
| Beat streak | 5/4 | fmp:earnings-history |
| Rating | B+ (overall 3/5) | fmp:ratings |
| Analyst median target | $52 (+8.1% upside) | fmp:price-target-consensus |
| MoonshotScore | 39/100 | derived |
| Council | 2/6 bullish | derived |
| Munger verdict | Fairly Valued | derived |

## Verizon Communications Inc. — Q4 FY2026 Expectations

Q4 consensus: revenue <strong data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvgLabel">$35.5B</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvg" title="FMP est">[FMP est]</sup>, EPS <strong data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">$1.28</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg" title="FMP est">[FMP est]</sup>. 5 consecutive quarters of beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.beatStreakCount" title="FMP earnings">[FMP earnings]</sup>.

## Quick Take

**Score:** B+ · **Stance:** HOLD · **Council:** 2/6 · **Moonshot:** 39

= MoonshotScore <strong>39</strong><sup class="cite" data-source="derived" data-field="moonshot.score" title="9-pillar formula">[9-pillar formula]</sup> + Council <strong>2/6</strong><sup class="cite" data-source="derived" data-field="council.bullishCount" title="6-lens rule">[6-lens rule]</sup>. Form 4: 0 transactions<sup class="cite" data-source="fmp:insider-trading" data-field="insider.txCount" title="FMP Form 4">[FMP Form 4]</sup>.

## Watchlist (5 metrics)

### 1. Eps Growth Guidance

VZ raised its adjusted EPS growth guidance to 5% to 6% due to strong Q1 performance.

> "We are raising our guidance for adjusted EPS growth to 5% to 6% versus the prior range of 4% to 5%."
> — Daniel Schulman, CEO, Expectation / Guide · Q1 FY2026

### 2. Postpaid Net Adds Guidance

VZ now anticipates its postpaid phone net adds to be in the upper half of its $750,000 to $1 million range.

> "We also now anticipate our postpaid phone net adds to be in the upper half of our $750,000 to $1 million range."
> — Daniel Schulman, CEO, Expectation / Guide · Q1 FY2026

### 3. Postpaid Phone Net Adds

VZ achieved positive postpaid phone net adds in Q1 for the first time in 13 years.

> "In mobility, we are pleased that for the first time since 2013, we generated a positive first quarter total postpaid phone net additions."
> — Anthony Skiadas, CFO, Investor Focus · Q1 FY2026

### 4. Opex Savings Target

VZ is well on its way towards its OpEx savings target of $5 billion in 2026.

> "Consequently, we are well on our way towards our OpEx savings target of $5 billion in 2026."
> — Daniel Schulman, CEO, Investor Focus · Q1 FY2026

### 5. Cost Reduction

VZ is driving more disciplined and fiscally responsible growth by reducing customer acquisition and retention costs by approximately 35%.

> "Our cost of acquisition and retention in March was down approximately 35% relative to the end of Q4 and we expect to maintain a lower cost of acquisition and retention as we look forward."
> — Daniel Schulman, CEO, Investor Focus · Q1 FY2026


## MoonshotScore Pillars

| Pillar | Score | Level | Evidence |
|---|---|---|---|
| Revenue Growth | 0.0 | weak | Q1 vs Q2: growth negative (-0.2%, contraction) |
| Gross Margin | 6.0 | medium | Q1: high margin (60.3%) |
| Operating Leverage | 2.0 | weak | op margin healthy (23.9%) |
| Cash Runway | 8.0 | strong | FCF positive but absorbed ($3.8B vs $4.2B CapEx) |
| R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) |
| Price Momentum | 4.0 | medium | RSI 54.0 balanced, 50d below |
| News Sentiment | 4.0 | medium | mixed (44% buy) |

**Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula.

## Council (7-Lens)

| Name | Stance | Context |
|---|---|---|
| Ray Dalio | bull | macro · target upside +8.1% |
| Ken Griffin | bear | flow · 50d MA below |
| Jim Simons | neutral | quant · RSI 54 |
| Klarman | neutral | value · target upside +8.1% |
| Buffett | bull | quality · ROE score 4/5 |
| Munger | neutral | valuation · target upside +8.1% |

**Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr.

## Munger Lens

- **Verdict:** Fairly Valued
- **Financial Health:** Moderate
- **Margin of Safety:** Weak
- **Interest Coverage:** Adequate
- **ROIC vs WACC:** Healthy

**Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget.

## Technical Levels

- **RSI(14):** 54.0 — dengeli — yön sinyali zayıf
- **50d MA:** $49 — hisse %1.7 altında — kısa vadeli direnç
- **200d MA:** $44 — hisse %9.8 üstünde — uzun vadeli destek
- **Volume (10d):** -9%

## Past Performance (4 Quarters)

| Quarter | EPS Actual | EPS Estimate | Result | Reaction |
|---|---|---|---|---|
| Q2 FY25 | $1.22 | $1.19 | BEAT | +1.1% |
| Q3 FY25 | $1.21 | $1.19 | BEAT | -3.1% |
| Q4 FY25 | $1.09 | $1.05 | BEAT | +0.2% |
| Q1 FY26 | $1.28 | $1.21 | +5.8% EPS | +0.3% |

Q1 (April 27, 2026): EPS $1.28 vs $1.21 est<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, +5.8% beat. D+1 movement: +0.3%<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP D+1">[FMP D+1]</sup>. Decline despite beat — market reacted to guidance, not numbers.

## 3 Scenarios

### Scenario A · Beat
**Q4 EPS > $1.28 + CapEx discipline**

Threshold: EPS > $1.28<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>.

Target: Break above median target $52<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP target]</sup>; high target $58<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.high">[FMP]</sup> upper bound.

### Scenario B · In-Line
**EPS ≈ $1.28 + CapEx < $4.2B**

Threshold: EPS ≈ $1.28<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>, Q4 CapEx < $4.2B<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel">[FMP]</sup>.

Target: Consolidation in the band between current $48<sup class="cite" data-source="fmp:quote" data-field="quote.price">[FMP]</sup> and median $52<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP]</sup>.

### Scenario C · Miss
**EPS < $1.24 or CapEx ≥ $4.2B**

Threshold: EPS < $1.24<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est×0.97]</sup>.

Target: Current $48 below SMA200 $44<sup class="cite" data-source="fmp:technical" data-field="technical.sma200">[FMP]</sup>, if rejection continues, $37<sup class="cite" data-source="derived" data-field="technical.sma200" data-formula="round(sma200*0.85)">[derived]</sup> support activates.

## Risk Notes

### Primary segment below threshold
Q1: EPS $1.28 vs $1.21 beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, stock +0.3% D+1<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP">[FMP]</sup>.

### Backlog concentration
No RPO/backlog concentration disclosed in Q1 earnings call.

### Insider trading
Form 4 data is marked in the table — this page does not generate assumptions for this stock.

| Executive | Action | Amount | Date |
|---|---|---|---|


**Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26

### CapEx shock
Q1 CapEx $4.2B<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel" title="FMP cashflow">[FMP cashflow]</sup>. Q1 op margin 23.9%<sup class="cite" data-source="fmp:income" data-field="income.quarters.0.operatingMargin" title="FMP op margin">[FMP op margin]</sup> — this level in Q4 is sensitive to CapEx revision risk.

## Wall Street Consensus

- **Median target:** $52 (+8.1% upside vs current $48)
- **High / Low:** $58 / $44
- **Buy / Hold / Sell:** 11 / 14 / 0
- **Analyst count:** 4 (last quarter), 60 all-time

## Additional Transcript Insights

### 1. postpaid_phone_net_adds

**Claim:** VZ achieved positive postpaid phone net adds in Q1 for the first time in 13 years.

**Evidence (transcript):** "In mobility, we are pleased that for the first time since 2013, we generated a positive first quarter total postpaid phone net additions."

**Numbers:** 2013

### 2. churn_improvement

**Claim:** VZ significantly reduced churn by improving customer experience and stopping price increases.

**Evidence (transcript):** "As expected, when we stop imposing blunt price increases without corresponding value on our customers and begin to remove friction from the end-to-end customer experience, they reward us with their loyalty."

**Numbers:** —

### 3. cost_reduction

**Claim:** VZ is driving more disciplined and fiscally responsible growth by reducing customer acquisition and retention costs by approximately 35%.

**Evidence (transcript):** "Our cost of acquisition and retention in March was down approximately 35% relative to the end of Q4 and we expect to maintain a lower cost of acquisition and retention as we look forward."

**Numbers:** 35%

### 4. opex_savings_target

**Claim:** VZ is well on its way towards its OpEx savings target of $5 billion in 2026.

**Evidence (transcript):** "Consequently, we are well on our way towards our OpEx savings target of $5 billion in 2026."

**Numbers:** $5 billion, 2026

### 5. eps_growth_guidance

**Claim:** VZ raised its adjusted EPS growth guidance to 5% to 6% due to strong Q1 performance.

**Evidence (transcript):** "We are raising our guidance for adjusted EPS growth to 5% to 6% versus the prior range of 4% to 5%."

**Numbers:** 5%, 6%, 4%, 5%

### 6. postpaid_net_adds_guidance

**Claim:** VZ now anticipates its postpaid phone net adds to be in the upper half of its $750,000 to $1 million range.

**Evidence (transcript):** "We also now anticipate our postpaid phone net adds to be in the upper half of our $750,000 to $1 million range."

**Numbers:** $750,000, $1 million


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*Data source: FMP (live query, 2026-05-03), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*