Verizon Earnings Top Estimates, Revenue Light

Verizon (VZ) reported Q3 2026 earnings, beating profit estimates and raising guidance, but shares fell. The company added 406K postpaid subscribers and achieved record EBITDA margins. However, revenue missed expectations for the third straight quarter. Analysts have mixed views, with some lowering price targets. Key catalysts include Q4 earnings and revenue acceleration.

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.