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stocksJun 29, 2026, 10:33 AM

Verizon Expects $700M-$800M Loss in Q2 2026, SEC Filing Shows

Verizon Communications disclosed in an SEC filing that it anticipates a loss of $700 million to $800 million for the second quarter of 2026, driven by severance and asset rationalization charges.

VZ

Verizon Communications has reported in a regulatory filing that it expects a net loss of $700 million to $800 million for the second quarter of 2026.

The anticipated loss is attributed to a severance charge of $350 million to $450 million and asset rationalization charges of $200 million to $300 million, according to the SEC filing.

The company did not provide further details on the specific assets or restructuring initiatives behind these charges.

Source: First Squawk