Verizon Communications Inc: reports results of operations

What happened Verizon filed an 8-K attaching a press release and financial tables dated Oct 26, 2026 that report results of operations and financial condition. The filing says the materials include both GAAP and non-GAAP financial information and reconciliations and that management provides non-GAAP measures "in addition to, but not instead of" GAAP measures.

Key details

• The press release and tables present consolidated and segment non-GAAP measures including Consolidated EBITDA, Segment EBITDA, Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Net Unsecured Debt, Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio, Adjusted earnings per common share (Adjusted EPS), and free cash flow.
• Consolidated Adjusted EBITDA excludes equity in earnings and losses of unconsolidated businesses and other income and expense, net, and special items such as severance charges, acquisition and integration related charges, asset and business rationalization, and loss on disposition of business.
• The filing notes severance charges recorded during 2026 and 2025 and acquisition and integration charges primarily related to the acquisition of Frontier Communications Parent, Inc. completed in Jan 2026; it also notes classification of certain international wireline assets and liabilities as held for sale in 2026.
• Net Unsecured Debt is defined by subtracting secured debt, a 50 percent equity credit related to junior subordinated notes, and cash and cash equivalents from debt maturing within one year and long-term debt; the related ratio uses trailing 12 months Consolidated Adjusted EBITDA.

Why it may matter

• Item 2.02 reports results of operations and financial condition and provides definitions and reconciliations for multiple non-GAAP measures the company says management and investors use to evaluate operating performance and liquidity. The filing says accompanying schedules provide reconciliations of non-GAAP measures to GAAP. The filing does not show why the company acted or why any insider traded.