Verizon posts record Q3 2026 results, raises 2026 outlook and signs $2 billion AI deal with AWS
Verizon Communications reported third‑quarter 2026 revenue of $34.3 billion and net income of $5.3 billion, with basic EPS of $1.25 and adjusted EPS of $1.31. Postpaid phone net additions surged 820% year‑over‑year to 406,000, the strongest Q3 performance in five years. The company lifted its full‑year 2026 adjusted EPS guidance to $5.04‑$5.06 and its postpaid subscriber addition outlook to 1.1‑1.2 million, and announced a commercial agreement with Amazon Web Services valued at more than $2 billion for AI‑workload infrastructure.
Why it matters
The higher adjusted EPS and subscriber‑addition guidance signal stronger earnings potential for 2026, which could support the stock’s valuation despite the revenue miss (the company noted the guidance lift in its earnings release). The $2 billion AWS deal expands Verizon’s role in AI infrastructure, potentially opening new revenue streams (as described in the press release).
Key facts
- 1Total operating revenue was $34.3 billion, up 1.5% year‑over‑year. verizon.com
- 2Consolidated net income was $5.3 billion, up 5.2% year‑over‑year. verizon.com
- 3Basic earnings per share were $1.25, and adjusted EPS were $1.31. verizon.com
- 4Postpaid phone net additions were 406,000, a 820% increase year‑over‑year. verizon.com
- 5Full‑year 2026 adjusted EPS guidance was raised to $5.04‑$5.06. investing.com
- 6Full‑year 2026 postpaid phone net addition outlook was raised to 1.1‑1.2 million. investing.com
Summary written by AlphAI AI Desk from 20 of 40 sources. Not investment advice. Figures are as stated by the linked sources.