Verizon's Q2 2026 earnings release and conference call on July 24 will likely center on wireless postpaid phone net additions, service revenue growth, and any updates to full-year adjusted EPS guidance following the strong Q1 results. In April, the company reported 2.9% revenue growth to $34.4 billion and raised its adjusted EPS outlook after achieving positive postpaid phone net adds for the first time in 13 years, alongside churn below 85 basis points and disciplined promotional spending that boosted recurring service revenue. Traders are monitoring sequential trends in 5G and fiber subscriber metrics, operating expenses, and commentary on competitive pressures from T-Mobile and AT&T, with consensus EPS estimates near $1.27–1.28. Any signals on capital returns or macroeconomic impacts on consumer spending could shift implied probabilities around guidance revisions.