智通财经7月21日电，威瑞森电信在收窄财年每股收益预测后，盘前股价涨超4%。威瑞森预计2025财年 调整后每股收益增长1.0% 至3.0%；调整后息税折旧摊销前利润增长2.5%至3.5%。 ...

Verizon posts second-quarter revenue that surpassed analysts’ estimates and raises its profit outlook https://t.co/O7F8toS4q1 ...

Core Viewpoint - Verizon Communications has narrowed its fiscal year earnings per share forecast, leading to a pre-market stock price increase of over 4% [1] Financial Performance - Verizon expects adjusted earnings per share growth of 1.0% to 3.0% for the fiscal year 2025 [1] - The company anticipates adjusted EBITDA growth of 2.5% to 3.5% [1]

[Q2 2025 Performance Overview](index=1&type=section&id=Q2%202025%20Performance%20Overview) Verizon reported strong Q2 2025 results, raising full-year guidance and emphasizing customer growth and network quality [Key Highlights and CEO Statement](index=1&type=section&id=Key%20Highlights%20and%20CEO%20Statement) Verizon achieved a strong Q2 2025, raising full-year guidance due to robust wireless service revenue and customer growth - Verizon raised its full-year 2025 financial guidance for **adjusted EBITDA**, **adjusted EPS**, and **free cash flow** following strong Q2 performance[1](index=1&type=chunk)[3](index=3&type=chunk) - The company is focusing on deepening customer relationships through innovative products like myPlan, myHome, and a 3-year price lock guarantee, while also transforming customer service with AI-powered tools[2](index=2&type=chunk)[3](index=3&type=chunk) - Verizon's network quality was recognized by J.D. Power for the 35th time, and RootMetrics named it the nation's best, fastest, and most reliable 5G network in its 1H 2025 awards[2](index=2&type=chunk) Q2 2025 Key Performance Indicators | Metric | Value | Note | | :--- | :--- | :--- | | Wireless Service Revenue | $20.9 billion | Industry-leading (YoY growth of 2.2%) | | Total Net Additions | >300,000 | Across mobility and broadband | | Consumer Postpaid Phone Gross Additions | Increased | Both sequentially and year-over-year | [Financial Results](index=2&type=section&id=Financial%20Results) Verizon demonstrated robust financial health in Q2 2025 with increased revenue, net income, and strong broadband growth [Consolidated Financial Highlights](index=2&type=section&id=Consolidated%20Financial%20Highlights) Verizon's Q2 2025 consolidated financials show robust growth in revenue, net income, and adjusted EPS Consolidated Financial Performance (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | $34.5 billion | $32.8 billion | +5.2% | | Net Income | $5.1 billion | $4.7 billion | +8.9% | | Adjusted EBITDA | $12.8 billion | $12.3 billion | +4.1% | | EPS | $1.18 | $1.09 | +8.3% | | Adjusted EPS | $1.22 | $1.15 | +6.1% | Cash Flow Performance (First Half 2025 vs. First Half 2024) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Cash Flow from Operations | $16.8 billion | $16.6 billion | | Free Cash Flow | $8.8 billion | $8.5 billion | - Total unsecured debt decreased to **$119.4 billion** at the end of Q2 2025, down from **$125.3 billion** at the end of Q2 2024 The net unsecured debt to consolidated adjusted EBITDA ratio remained stable at **2.3 times**[9](index=9&type=chunk) [Broadband Performance](index=3&type=section&id=Broadband%20Performance) Verizon achieved strong broadband growth in Q2 2025, driven by 293,000 net additions and FWA expansion - Delivered **293,000** total broadband net additions in Q2 2025[6](index=6&type=chunk) - Fixed wireless access (FWA) net additions were **278,000**, growing the subscriber base to over **5.1 million** The company is positioned to reach its target of **8 to 9 million** FWA subscribers by 2028[9](index=9&type=chunk) - Total broadband connections reached over **12.9 million**, a **12.2%** increase year-over-year[9](index=9&type=chunk) - The company remains on track to achieve its goal of **650,000** new Fios passings in 2025[9](index=9&type=chunk) [Segment Performance](index=3&type=section&id=Segment%20Performance) Verizon's segments show varied performance, with Consumer revenue growth and Business operational efficiency gains [Verizon Consumer](index=3&type=section&id=Verizon%20Consumer) Consumer segment revenue grew 6.9% year-over-year, with improved postpaid phone net losses and ARPA growth Consumer Segment Financials (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Revenue | $26.6 billion | $24.9 billion | +6.9% | | Wireless Service Revenue | $17.4 billion | $17.0 billion (recast) | +2.3% | | Operating Income | $7.6 billion | $7.6 billion | +0.5% | | Segment EBITDA | $11.2 billion | $11.0 billion | +2.1% | Consumer Segment Key Operating Metrics (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Wireless Postpaid Phone Net Losses | (51,000) | (109,000) | | Wireless Core Prepaid Net Additions | 50,000 | (12,000) | | Postpaid Phone Churn | 0.90% | 0.79% | | Postpaid ARPA | $147.50 | $144.15 | [Verizon Business](index=3&type=section&id=Verizon%20Business) Business segment revenue slightly declined, but operating income and EBITDA significantly increased due to strong execution Business Segment Financials (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Revenue | $7.3 billion | $7.3 billion | -0.3% | | Wireless Service Revenue | $3.6 billion | $3.5 billion | +1.6% | | Operating Income | $638 million | $500 million | +27.6% | | Segment EBITDA | $1.7 billion | $1.6 billion | +5.8% | Business Segment Key Operating Metrics (Q2 2025) | Metric | Q2 2025 | | :--- | :--- | | Wireless Retail Postpaid Net Additions | 65,000 | | Wireless Postpaid Phone Net Additions | 42,000 | | Postpaid Phone Churn | 1.26% | [2025 Outlook and Guidance](index=4&type=section&id=2025%20Outlook%20and%20Guidance) Verizon has updated its full-year 2025 financial guidance, raising expectations for key profitability metrics [Updated Full-Year 2025 Guidance](index=4&type=section&id=Updated%20Full-Year%202025%20Guidance) Verizon raised its full-year 2025 guidance for adjusted EBITDA, adjusted EPS, and free cash flow, excluding Frontier acquisition Updated Full-Year 2025 Guidance | Metric | Revised 2025 Guidance | Original 2025 Guidance | | :--- | :--- | :--- | | Adjusted EBITDA Growth | 2.5% to 3.5% | - | | Adjusted EPS Growth | 1.0% to 3.0% | - | | Free Cash Flow | $19.5B to $20.5B | $17.5B to $18.5B | | Total Wireless Service Revenue Growth | 2.0% to 2.8% | - | | Capital Expenditures | $17.5B to $18.5B | $17.5B to $18.5B | - The 2025 financial guidance does not reflect any assumptions regarding the pending acquisition of Frontier[11](index=11&type=chunk) [Financial Statements & Reconciliations](index=5&type=section&id=Financial%20Statements%20%26%20Reconciliations) This section provides detailed consolidated financial statements, including income, balance sheet, cash flow, and non-GAAP reconciliations [Condensed Consolidated Statements of Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q2 2025 income statement shows increased operating revenues, operating income, and net income attributable to Verizon Income Statement Summary (3 Months Ended June 30) | (in millions, except per share) | 2025 | 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Operating Revenues | $34,504 | $32,796 | 5.2% | | Operating Income | $8,172 | $7,818 | 4.5% | | Net income attributable to Verizon | $5,003 | $4,593 | 8.9% | | Diluted Earnings Per Common Share | $1.18 | $1.09 | 8.3% | [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Verizon's balance sheet as of June 30, 2025, reflects total assets of $383.3 billion and increased equity Balance Sheet Summary | (in millions) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total current assets | $38,846 | $40,523 | | Total assets | $383,285 | $384,711 | | Total current liabilities | $60,952 | $64,771 | | Long-term debt | $123,929 | $121,381 | | Total equity | $104,361 | $100,575 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) First half 2025 cash flow from operations increased to $16.8 billion, yielding $8.8 billion in free cash flow Cash Flow Summary (6 Months Ended June 30) | (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $16,757 | $16,569 | | Net cash used in investing activities | ($7,190) | ($9,110) | | Net cash used in financing activities | ($10,271) | ($7,062) | [Supplemental Wireless Statistics](index=15&type=section&id=Supplemental%20Wireless%20Statistics) Total wireless service revenue grew 2.2% to $20.9 billion, with 125.9 million retail postpaid connections Total Wireless Revenue (Q2 2025 vs Q2 2024) | (in millions) | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Wireless service | $20,948 | $20,506 | 2.2% | | Wireless equipment | $6,255 | $4,998 | 25.2% | | Total Wireless | $28,224 | $26,371 | 7.0% | Total Wireless Net Additions (Q2 2025) | (in thousands) | Q2 2025 Net Additions | | :--- | :--- | | Retail postpaid | 155 | | Retail postpaid phone | (9) | | Retail core prepaid | 50 | [Non-GAAP Reconciliations](index=16&type=section&id=Non-GAAP%20Reconciliations) This section reconciles non-GAAP measures, including Adjusted EBITDA, Adjusted EPS, and Free Cash Flow - Consolidated Adjusted EBITDA for Q2 2025 was **$12.8 billion**, compared to **$12.3 billion** in Q2 2024[44](index=44&type=chunk) - The Net Unsecured Debt to Consolidated Adjusted EBITDA (LTM) ratio was **2.3x** as of June 30, 2025, stable with the end of 2024[48](index=48&type=chunk) - Q2 2025 Adjusted EPS of **$1.22** excludes after-tax impacts of **$0.03** per share from amortization of acquisition-related intangible assets[49](index=49&type=chunk) - Free cash flow for the first six months of 2025 was **$8.8 billion**, an increase from **$8.5 billion** in the prior-year period[51](index=51&type=chunk)

Core Insights - Verizon Communications Inc. reported strong financial performance and customer growth in Q2 2025, driven by its diversified wireless and broadband portfolio and innovative customer service initiatives [2][3][4] Financial Performance - Consolidated total operating revenue reached $34.5 billion in Q2 2025, marking a 5.2% increase year-over-year [7] - Consolidated net income for Q2 2025 was $5.1 billion, up from $4.7 billion in Q2 2024 [7] - Adjusted EBITDA for Q2 2025 was $12.8 billion, compared to $12.3 billion in Q2 2024, reflecting a solid growth trajectory [7] - Earnings per share (EPS) increased to $1.18 in Q2 2025 from $1.09 in Q2 2024, with adjusted EPS of $1.22 compared to $1.15 in the prior year [7][29] Customer Growth and Market Position - Verizon added over 300,000 net new customers across mobility and broadband in Q2 2025, continuing to expand its industry-leading customer base [6] - The company achieved wireless service revenue of $20.9 billion in Q2 2025, a 2.2% increase year-over-year [7] - Consumer revenue rose by 6.9% year-over-year to $26.6 billion in Q2 2025 [8] Broadband and Wireless Services - Verizon delivered 293,000 broadband net additions in Q2 2025, with total broadband connections exceeding 12.9 million, a 12.2% increase year-over-year [11] - Fixed wireless access subscribers grew to over 5.1 million, with a target of reaching 8 to 9 million by 2028 [11] - Consumer wireless service revenue was $17.4 billion in Q2 2025, up 2.3% year-over-year [11] Business Segment Performance - Verizon Business revenue totaled $7.3 billion in Q2 2025, a slight decrease of 0.3% year-over-year, but operating income increased by 27.6% [9][34] - Business wireless service revenue grew by 1.6% year-over-year to $3.6 billion [11] Future Outlook - The company raised its full-year guidance for adjusted EBITDA, adjusted EPS, and free cash flow, reflecting confidence in operational execution and favorable tax reform [3][10] - Free cash flow for the first half of 2025 was $8.8 billion, up from $8.5 billion in the same period of 2024 [7][30]

Group 1 - Verizon Communications Inc. is set to release its second-quarter earnings results on July 21, with analysts expecting earnings of $1.20 per share, up from $1.15 per share in the previous year [1] - The projected quarterly revenue for Verizon is $33.55 billion, an increase from $32.8 billion a year earlier [1] - Verizon Business, Thames Freeport, and Nokia Corp. announced a partnership to deploy Verizon Private 5G Networks in key logistics and manufacturing sites along the River Thames Estuary in the U.K. [2] Group 2 - Wells Fargo analyst Eric Luebchow maintained an Equal-Weight rating and raised the price target from $42 to $43 [5] - Morgan Stanley analyst Benjamin Swinburne reinstated an Equal-Weight rating with a price target of $47 [5] - Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $55 to $56 [5] - Scotiabank analyst Maher Yaghi maintained a Sector Perform rating and raised the price target from $48.5 to $49 [5] - Oppenheimer analyst Timothy Horan maintained an Outperform rating and increased the price target from $48 to $50 [5]

Core Insights - Several companies are set to pay dividends in August, providing opportunities for income-seeking investors to earn steady returns while some also exhibit strong growth fundamentals that could enhance stock prices in the future [1] Group 1: AT&T (NYSE: T) - AT&T will pay a dividend of $0.28 per share, yielding 3.84%, to investors who owned the stock before the July 10 ex-dividend date [2] - The company has refocused on its core wireless and broadband businesses after years of costly acquisitions, presenting a stronger case as a long-term buy due to improved financials and a reliable dividend [2][3] - AT&T has shed non-core assets like DirecTV and Time Warner, concentrating on wireless and fiber connectivity, which has boosted profit margins and cash flow, allowing the company to pay down $45 billion in debt over the past four years [3] - The company generated over $40 billion in operating cash flow over the past year, sustaining its quarterly dividend of $0.2775 per share [4] Group 2: Verizon (NYSE: VZ) - Verizon is paying a dividend of $0.68 per share on August 1, representing a 6.26% yield for shareholders of record before July 10 [7] - The company continues to innovate in key growth areas, expanding its 5G portfolio with flexible wireless and broadband bundles to meet the growing demand for premium plans and streaming services [9] - Verizon has secured significant contracts, including a multibillion-dollar private 5G network in the UK and a dedicated 5G network slice for first responders, highlighting its competitive edge and potential for new revenue streams [10] - Despite challenges like high capital spending and competitive pressure, Verizon's scale and customer-focused strategy should reassure investors of its long-term stability [11]

Coming up: Earnings reports are expected from Tesla, Google, Intel, Verizon, and Coca-Cola, plus new and existing home sales data. https://t.co/z8Ks95l3nI ...

Core Viewpoint - The U.S. markets have experienced volatility, but dividend-paying stocks can provide substantial passive income even during market fluctuations [1] Group 1: Verizon Communications - Verizon offers a sustainable 6.5% dividend yield, translating to $2.71 annually per share, and has raised its dividend for 18 consecutive years [5][6] - The company reported its highest-ever quarterly adjusted EBITDA of $12.6 billion in Q1 2025, with free cash flow of $3.6 billion and a dividend payout ratio of 64.2%, indicating strong earnings to cover dividends [6] - Verizon's convergence strategy has reduced customer churn by 40% to 50%, leading to predictable cash flows [7] - In Q1, Verizon added 339,000 broadband customers and 308,000 fixed wireless customers, aiming for 100 million premises with fiber and fixed wireless access [8] - The adjacent services business is expected to reach a $2 billion annual run rate by the end of 2025, with management guiding for 2% to 3.5% adjusted EBITDA growth [9] - Verizon is positioned as a smart buy for investors seeking passive income from high-quality companies [10] Group 2: AT&T - AT&T offers a solid 4.1% yield, translating to $1.11 per share annually, with a 68.1% dividend payout ratio, allowing for potential dividend increases [11] - The company reduced its net debt by $32 billion since 2020, ending Q1 2025 with a net debt-to-adjusted EBITDA ratio of 2.63 [12] - AT&T's revenues increased by 2% to $30.6 billion in Q1, with net income rising 23.6% year over year to $4.7 billion [12] - The company operates the largest fiber network in the U.S., expecting to reach 30 million fiber locations by mid-2025 and 50 million by 2029, driving strong customer growth [13] - Bundling services has created stickier customer relationships, making AT&T an appealing pick for income investors seeking defensive dividend growth [14] Group 3: AbbVie - AbbVie offers a 3.52% yield with an annual payout of $6.56 per share and has a history of increasing dividends for 53 consecutive years [15] - Despite losing patent protection for Humira, AbbVie has diversified its portfolio and reduced reliance on the drug, with next-generation drugs generating $5.1 billion, a 65% year-over-year increase [17] - The company is focusing on strategic investments, including a $350 million obesity partnership and a $2.1 billion acquisition of Capstan Therapeutics, positioning itself in high-growth areas [18] - Recent IPR&D and milestone expenses have negatively impacted second-quarter earnings guidance, but these deals may drive long-term growth [19]

Core Insights - Dividend stocks are facing challenges in 2025, with a significant decline in dividend increases compared to previous quarters and years [1][2] - Despite the current struggles, there are indications that dividend growth may improve in the latter half of 2025, benefiting investors who rely on stable income [3][14] Dividend Trends - U.S. common dividend increases totaled $9.8 billion in Q2 2025, a decrease of 49.8% from $19.5 billion in Q1 2025 and down 52.1% from $20.4 billion in Q2 2024 [1] - Concerns over cash commitments due to uncertainties regarding tariffs and their economic impact have contributed to the decline in dividend growth [2] - Companies are still increasing dividends, but the increases are smaller, and some firms are delaying their dividend actions [2] Investment Opportunities - Wealth managers highlight several dividend stocks as attractive opportunities, including Walmart, Verizon, and UnitedHealth Group [6] - Walmart, with a dividend yield of 0.99%, is leveraging AI for operational efficiencies and is considered undervalued despite its status as a 'Dividend King' [7][8] - Verizon offers a dividend yield of 6.62% and is noted for its stable cash flows and consistent dividend increases [9][11] - UnitedHealth Group has a dividend yield of 3.07% and has increased its dividend for 16 consecutive years, presenting a good opportunity for income generation [13] Sector Outlook - The second half of 2025 is expected to see slow but positive growth in dividends, with potential improvements as legislative changes and tariff situations become clearer [14][15] - The S&P 500 is projected to achieve a record dividend payment for the year, with a 6% increase in dividend payments, down from an earlier expectation of 8% [16]