Verizon Communications Inc.: Mixed — EPS $1.31, Revenue $34.31B
Mixed ResultQ3 2026 · Pre-market
Did Verizon Communications Inc. (VZ) beat earnings today?
It was a mixed report for Q3 2026 — Verizon Communications Inc. (VZ) beat on EPS but missed on revenue.
Earnings Per Share+3.15% surprise
$1.31Actual
Expected: $1.27
vs. year ago +8.3%
Total Revenue-1.54% surprise
$34.31BActual
Expected: $34.85B
vs. year ago +1.5%
Released Oct 26 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $34.31B | $33.82B | 1.5 |
| Revenue detail — reported lines | |||
| └─Mobility and broadband service revenue | $23.50B | - | 2.9 |
| └─Consumer | $26.43B | $26.11B | 1.3 |
| └─Business | $7.02B | $6.84B | 2.6 |
| Net Income | $5.32B | $5.06B | 5.2 |
| EPS | $1.25 | $1.17 | 6.8 |
| Adjusted EPS | $1.31 | $1.21 | 8.3 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook |
|---|---|---|
| Postpaid phone net additions | — | 1.1M-1.2M (prev. upper half 750,000-1.0M) |
| Adjusted EPS | — | $5.04-$5.06 (+7.0%-7.5% YoY, prev. +6.0%-7.0%) |
| Cash flow from operations | — | $38,440M-$39,040M (+3.5%-5.1% YoY, prev. $37,940M-$38,640M) |
| Free cash flow | — | $22,440M-$22,540M (+11.5%-12.0% YoY, prev. $21,940M-$22,140M) |
| Mobility and broadband service revenue | ~+4.0% YoY | upper half +2.5%-3.0% YoY |
| Capital expenditures | — | $16,000M-$16,500M |
Business Highlights
- ➤Signed a $2.0B+ AWS agreement to scale distributed compute for agentic and generative AI workloads.
- ➤Added 406,000 postpaid phone net additions, the strongest third-quarter performance in five years.
- ➤Delivered 137,000 postpaid net account additions, its best performance in over a decade.
- ➤Added 314,000 broadband net additions, including fixed wireless access and fiber broadband additions.
- ➤Maintained 17.4 million total broadband connections.
- ➤More than half of new fiber customers selected 1-gigabit-plus download speeds.
- ➤Overall postpaid phone churn improved to 0.94%; Consumer churn improved to 0.87%.
- ➤Promotional acquisition costs decreased 41% and retention costs improved 30% year over year.
- ➤Continues to anticipate fiber passings exceeding 32 million by year-end.
- ➤Returned $12.8B of capital to shareholders through dividends and share repurchases.
Management Commentary
Dan Schulman, Verizon CEO
“Verizon delivered another record-breaking quarter. One year into our transformation, Verizon is fundamentally stronger — operationally, financially, and competitively,”
Dan Schulman, Verizon CEO
“By prioritizing customer-first offerings like Simplicity and our expanded loyalty program over heavy subsidies, we are winning loyal, high-value customers while expanding margins, reducing churn, and generating strong sustained cash flow. At the same time, technology leaders are choosing our fiber network to power the next generation of AI infrastructure. We are continuing to raise the bar and we are only one year into a multi-year growth story.”