VZ · 10-Q · 2026Q2 · Full report
Wireless Equipment Demand
VERIZON COMMUNICATIONS INC · 2026-07-31 · Importance 61 · Surprise 66 · In source text
Consumer wireless equipment revenue declined 22.2% in the second quarter and 9.1% in the first six months of 2026. The reductions were driven primarily by a strategic decrease in device upgrades, which lowered wireless device volumes by approximately $1.1 billion in the quarter and $1.0 billion year to date. The mix of devices sold shifted toward higher-priced equipment, adding $110 million of revenue in the first six months. The Consumer postpaid connection upgrade rate fell to 2.6% from 3.6%, indicating weaker upgrade activity and lower handset replacement demand.
Key facts
- Consumer cost of wireless equipment for the three months ended June 30, 2026: $4,658 million, a decrease of $1,148 million (19.8%) compared to $5,806 million in 2025; decrease driven by $1.1 billion lower device volume related to a strategic decrease in upgrades. source
- Consumer Wireless equipment revenue for the three months ended June 30, 2026: $4,178 million, a decrease of $1,191 million (22.2%) compared to $5,369 million in the three months ended June 30, 2025. source
- Wireless equipment revenue remained relatively flat during both the three and six months ended June 30, 2026 compared to the similar periods in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -3.5% | Consumer Wireless equipment revenue for the three months ended June 30, 2026: $4,178 million, a decrease of $1,191 million (22.2%)… |
| operating_income | positive | realized | +3.4% | Consumer cost of wireless equipment for the three months ended June 30, 2026: $4,658 million, a decrease of $1,148 million (19.8%)… |