Verizon earnings beat by $0.03, revenue fell short of estimates

Verizon (VZ) reported Q3 adjusted EPS of $1.31, beating estimates, and raised full-year guidance for the third consecutive quarter. The company added 406,000 postpaid phones and 137,000 postpaid accounts, with record adjusted EBITDA and free cash flow. However, revenue of $34.31 billion missed estimates, and revenue per postpaid account fell 1.9%. Verizon, along with AT&T (T) and T-Mobile, lobbied the FCC against SpaceX's (SPCX) planned phone network, citing potential impacts on 5G bands.

Verizon (VZ) reported Q3 2026 earnings with postpaid phone churn improving 4 basis points year-over-year. Broadband net adds reached 314,000, with fiber comprising nearly half. Mobility and broadband service revenue grew 2.9%, with Q4 expected to accelerate to 4%. Adjusted EPS grew 8% to $1.31, raising full-year guidance to 7%-7.5%. Free cash flow was $7.8 billion, up 12% year-over-year, with full-year guidance raised to 12%.

Verizon (VZ) reported Q3 adjusted EPS of $1.31, beating estimates, but shares fell 4% due to revenue of $34.31B missing expectations. Adjusted EBITDA rose 8% to $13.8B, and postpaid phone subscribers increased by 406,000. Management raised full-year adjusted EPS guidance to $5.04-$5.06.

Verizon (VZ) reported Q3 2026 results, with CEO Daniel Schulman highlighting improved performance across key metrics. The company saw a 820% year-over-year increase in postpaid phone net additions to 406,000 and 137,000 postpaid net account additions. Verizon projects 7%-7.5% adjusted EPS growth for 2026 and targets 10M-15M incremental 1 gig FWA premises.

Verizon's stock fell Monday despite reporting 406,000 new postpaid subscribers and a $2B AI deal with Amazon. Q3 revenue rose 1.5% to $34.3B, missing estimates. Adjusted earnings beat at $1.31 per share. Subscriber growth was strong, but equipment revenue declined 9%. Verizon raised its annual forecast for postpaid additions and adjusted earnings.

Verizon reported Q3 revenue of $34.3B, up 1.5% YoY, with adjusted EBITDA rising 8% to $13.8B. The company added 314,000 broadband customers, with fiber accounting for nearly half. Verizon raised its full-year adjusted EPS growth outlook to 7-7.5% and increased its free-cash-flow growth outlook to approximately 12%. The company also announced AI Connect contracts with AWS and Google, valued at $4B.