Is your Verizon or Sprint iPhone 5 displaying the wrong date and time?

We are receiving reports from Verizon iPhone 5 users that their iPhones are randomly displaying the incorrect date and time causing iMessage to fail, and even worse, alarms not going off in time to wake up for work. There is a thread in the Apple Support Community with many users, including a few Sprint users, reporting the same issue.
Woke up yesterday and was very confused because my phone thought it was 8/26/12 and 30 minutes later than the actual time. I reset network settings and it self resolved...until this morning. I woke up and looked at my phone and had a melt down because my alarm never went off. I hurriedly got ready and looked at the microwave as I ran out, and it was 30 minutes earlier than my iPhone said.
The temporary fix seems to disable automatic date and time by going to Settings > General > Date & Time > Set Automatically > OFF.
Are any other Verizon or Sprint users experiencing this issue? If so, please head to our forums and tell us all about it!
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Former app and photography editor at iMore, Leanna has since moved on to other endeavors. Mother, wife, mathamagician, even though she no longer writes for iMore you can still follow her on Twitter @llofte.