VZ · 10-Q · 2026Q2 · Full report

Capital Expenditure Program

VERIZON COMMUNICATIONS INC · 2026-07-31 · Importance 30 · Surprise 14 · In source text

Verizon expects capital spending requirements to continue to be financed primarily through internally generated funds, with debt or equity financing potentially needed for additional investments or development activities. Capital expenditures, including capitalized software, totaled $8.2 billion for the six months ended June 30, 2026, compared with $8.0 billion in the prior-year period. The $257 million increase was primarily driven by fiber and wireless network infrastructure investments. Management states that operating cash, together with external financing arrangements as needed, is sufficient to meet ongoing operating and investing requirements over the next 12 months and beyond.

Key facts

• Capital expenditures for 2026 are expected to be within the range of $16.0 billion to $16.5 billion. source
• Capital expenditures, including capitalized software, were $8.2 billion for the six months ended June 30, 2026 and $8.0 billion for the six months ended June 30, 2025, an increase of $257 million. source
• Total capital expenditures during the six months ended June 30, 2026: $8.2 billion. source
• Verizon expects its capital spending requirements will continue to be financed primarily through internally generated funds but may use debt or equity financing as needed. source

Impact estimates