Verizon raises profit forecast

Verizon Communications has reported a strong start to 2026, prompting the company to raise its adjusted earnings per share growth forecast to between 5% and 6%.

The telecom giant achieved a significant milestone by reporting a net gain in wireless subscribers, reversing a decade-long trend of stagnation.

Management attributed the success to a successful turnaround strategy and strong demand for its premium service plans.

Despite facing challenges from a major network outage earlier in the year, Verizon's free cash flow is now expected to exceed $21.5 billion for the full year.