Base5Base 5GAAP revenue YoY +1.96% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0Telecom (VZ) not in sector rules table; GAAP revenue is clean with no Tier 1 one-time distortion narrated. The Frontier close on January 20, 2026 does not affect Q4 2025 results (closed after quarter-end) so there is no consolidation-based distortion in the reported revenue growth.+EPS0EPS 0FMP GAAP EPS YoY -53.39% vs rev +1.96% = -55.35pp spread, outside -5pp band → OI cross-check required. FMP operating_income_yoy -32.57% vs rev +1.96% = -34.53pp, also outside -5pp same direction. HOWEVER the Q4 OI decline is contaminated by a narrated operating-line charge: 13,000 workforce reduction with 80% off payroll in Q4 ('we reduced our workforce by 13,000 in the fourth quarter, 80% of which were off payroll in Q4'). Per rubric, ex-charge reconstruction is required when a severance/restructuring charge is narrated in the quarter. Management-reported adjusted EBITDA $11.9B in Q4 is roughly flat versus prior year (FY adj EBITDA $50.0B +2.5%) and adjusted EPS $1.09 in Q4 compares to approximately $1.10 prior year — an adjusted EPS YoY of roughly -0.9%, which versus revenue +1.96% gives an adjusted spread of roughly -2.9pp, INSIDE ±5pp band. eps_override_used=true with adjusted spread → eps_adjustment=0. The underlying operating run-rate is not deteriorating materially; the GAAP distortion reflects one-time workforce transformation charges.+Guidance+1Guidance +1New forward-year 2026 guidance introduced for the first time with a step-function acceleration narrative: adj EPS growth 4-5% (vs 2025's 2.6% actual and 5-year historical average of ~-1%); FCF $21.5B+ growing 7%+ (highest since 2020, up from 2025's $20.1B); CapEx $16-16.5B down combined $4B; first-ever guidance for consolidated postpaid phone net adds at 2-3x 2025; $25B share buyback authorization plus 20th dividend raise pulled forward; EBITDA expected to grow faster than EPS though not specifically guided. Wireless service revenue guided flat in 2026 (vs 2025's 2.0%) reflecting the deliberate choice to not lap price increases — a transitional revenue headwind compensated by volume growth, cost transformation, and Frontier synergies. Per rubric: new forward-year guidance introduced for the first time = +1. Not +2 because WSR is intentionally flat and revenue composition is in transition, though the earnings and cash flow trajectory is materially accelerating.=Final6