Verizon Communications Inc. and Charter Communications Inc. are set to report Q2 earnings results on Friday. Verizon is expected to post about a 2% increase in Q2 revenue to $35.11 billion and a 4% increase in earnings per share to $1.27, according to Fiscal.ai data. Charter is expected to post a 2% decline in Q2 revenue to $13.51 billion and a 13% increase in earnings per share to $10.41. The earnings releases come as both telecom companies face competitive pressures from fixed wireless expansion, aggressive fiber footprints, AI-driven cost controls, and SpaceX's push into the communications sector through its Starlink platform.
Verizon Q2 Revenue and EPS Expectations
The New York-based telecommunications company is expected to post about a 2% increase in Q2 revenue to $35.11 billion from $34.5 billion in the previous comparable quarter, according to Fiscal.ai data. Earnings per share are expected to grow about 4% from $1.22 to $1.27 in the quarter.
Verizon trades at a forward price-to-earnings ratio of 8.8x, comparatively lower than AT&T Inc.'s 9.5x multiple and T-Mobile US Inc.'s 13.7x. Charter's forward P/E ratio is significantly lower, trading at a multiple of 2.9x.
Earlier this month, reports suggested that Verizon is cutting about 3,000 positions at its corporate-owned retail stores by transitioning 274 locations to independent ownership.
Charter Q2 Revenue and EPS Expectations
Charter is expected to post about a 2% decline in Q2 revenue from $13.766 billion in 2025 to $13.51 billion this quarter, as per Fiscal.ai data. Analysts expect an increase of about 13% in earnings per share in the quarter, forecast to come in at $10.41 versus $9.18 in the previous comparable quarter.
Reports from last month suggested that Charter has held discussions with Elon Musk's aerospace company over a potential consumer mobile partnership. The talks reportedly involve Charter routing a portion of SpaceX's mobile traffic through its terrestrial broadband network, though neither company has confirmed the discussions so far.
Wall Street Analyst Ratings and Price Targets
Wall Street analysts have mixed views on both stocks. For Verizon, 15 out of 26 analysts covering the stock rate it a 'Hold,' as per latest data from Koyfin. The rest rate it a 'Buy.' The average 12-month price target of $51.12 implies an upside of about 16.66% from the stock's last close.
For Charter, Wall Street analysts have a 12-month average price target of $210.32 on shares, implying an upside of more than 66% from its last close. Of the 21 analysts covering the stock, only five have a 'Buy' rating, while 11 have a 'Hold' rating on the company. The rest rate it 'Sell' or lower.
Strategic Pressures on Telecom Stocks
Some Wall Street analysts are wary of Verizon's strategy, believing that aggressive cost-cutting alone may not be enough to reignite growth. SpaceX's plans to transform Starlink into a mainstream consumer mobile service is adding additional pressure on the telecom sector.
Verizon stock has gained about 8% in 2026, while Charter stock has declined more than 39%.
FAQ
What are Wall Street's Q2 earnings expectations for Verizon stocks?
Verizon is expected to post about a 2% increase in Q2 revenue to $35.11 billion and a 4% increase in earnings per share to $1.27, according to Fiscal.ai data. The average 12-month analyst price target of $51.12 implies an upside of about 16.66% from the stock's last close.
What are Wall Street's Q2 earnings expectations for Charter stocks?
Charter is expected to post a 2% decline in Q2 revenue to $13.51 billion and a 13% increase in earnings per share to $10.41 for the quarter. Wall Street analysts have a 12-month average price target of $210.32 on shares, implying an upside of more than 66% from its last close.
How do Verizon and Charter stock valuations compare to peers?
Verizon trades at a forward price-to-earnings ratio of 8.8x, comparatively lower than AT&T Inc.'s 9.5x multiple and T-Mobile US Inc.'s 13.7x. Charter's forward P/E ratio is significantly lower, trading at a multiple of 2.9x.
