Verizon Communications Inc. (NYSE:VZ) is one of the 10 Most Undervalued American Stocks to Invest In.
On June 29, 2026, Verizon Communications Inc. (NYSE:VZ) said ongoing transformation initiatives are expected to affect Q2 reported results
The company expects a severance charge of $350M-$450M from continued headcount reduction initiatives and asset rationalization charges of $200M-$300M, mainly tied to the decision to stop using certain real estate and network assets. Also on June 29, Verizon Communications Inc. (NYSE:VZ) said in a regulatory filing that the net assets representing the Verizon Contributed Business were classified as assets and liabilities held for sale in Q2 2026. In connection with the classification, Verizon expects to record an estimated loss of $700M-$800M.
The company also expects the transaction with BT (BTGOF) to be accretive to Verizon Business Group EBITDA in Q2 2026, as the contributed business was moved from Verizon Business Group to Corporate and other. BT Group and Verizon also announced an agreement to combine their international enterprise operations into a 50:50 joint venture focused on multinational organizations. The new venture is expected to serve more than 3,000 customers across more than 180 countries, representing about $4B in combined annual revenue.