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Verizon8-K: Divestiture

Verizon to record over $1.25B in Q2 charges from divestiture, severance, and asset write-offs.

What happened

As part of a major transformation, Verizon is divesting its international wireline business, leading to a ~$750M loss, a ~$400M severance charge from layoffs, and a ~$250M charge from asset rationalization.

Source

SEC EDGARJun 29, 2026

Current report (Form 8-K)

Verizon 8-K

Filing excerpt

In the second quarter of 2026, the net assets representing the Verizon Contributed Business were classified as assets and liabilities held for sale. In connection with this classification, in the second quarter of 2026, Verizon expects to record an estimated loss in the range of $700 million to $800 million.

sec.gov/Archives/edgar/data/732712/000119312526286771/d165697d8k.htmRead the full source

Other signals in this filing (4)

Extracted by Autobound

From the Signal API record
Signal
8-K: Divestiture

What this signalsFilings often name leadership changes, deals and spending plans.

Form
8-K
Filed
Jun 29, 2026

The full record

From the Signal API record

Numbers

Dollar figure
$1.3B (Estimated minimum total charges in Q2 2026 from divestiture loss ($700M), severance ($350M), and asset rationalization ($200M).)

Details

CIK
732712
Accession number
0001193125-26-286771
Timeframe
Current quarter
Filing year
2026
Why it matters
Carve-out support needed
Signal category
Strategic

Topics and mentions

Technologies

  • network assets

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Jun 30, 2026
signal_type
sec-8k
signal_subtype
divestiture

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The API returns more than this page shows

This page shows a preview. The full sec-8k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/e232865c-5944-4a60-8e90-0c899e54f3b0 returns this record as JSON. POST /v1/companies/enrich returns every signal for verizon.com.

{
  "signal_id": "e232865c-5944-4a60-8e90-0c899e54f3b0",
  "signal_type": "sec-8k",
  "signal_subtype": "divestiture",
  "detected_at": "2026-06-30T07:07:36.646+00:00",
  "company": {
    "name": "Verizon",
    "domain": "verizon.com"
  },
  "data": {
    "detail": "As part of a major transformation, Verizon is divesting its international wireline business, leading to a ~$750M loss, a ~$400M severance charge from layoffs, and a ~$250M charge from asset rationalization. This massive cost-cutting and restructuring effort creates urgent needs for efficiency, automation, and new technology solutions to support a leaner organization.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Estimated minimum total charges in Q2 2026 from divestiture loss ($700M), severance ($350M), and asset rationalization ($200M).",
      "dollar_millions": 1250
    },
    "summary": "Verizon to record over $1.25B in Q2 charges from divestiture, severance, and asset write-offs.",
    "excerpts": "In the second quarter of 2026, the net assets representing the Verizon Contributed Business were classified as assets and liabilities held for sale. In connection with this classification, in the second quarter of 2026, Verizon expects to record an estimated loss in the range of $700 million to $800 million.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/732712/000119312526286771/d165697d8k.htm",
    "filing_date": "2026-06-29",
    "filing_year": 2026,
    "sales_relevance": "Carve-out support needed",
    "signal_category": "strategic",
    "technologies_mentioned": [
      "network assets"
    ]
  }
}

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