Verizon raises annual outlook as postpaid subscriber growth beats forecasts
Verizon lifted its full-year guidance for a third straight quarter after adding more postpaid phone customers than analysts expected, Dow Jones Newswires reports.
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what happened
Verizon Communications raised its full-year outlook for the third quarter in a row, as the carrier keeps winning new customers for its postpaid phone service. The company added a net 406,000 postpaid phone connections in the quarter, its strongest third-quarter showing on that metric in five years, against the 195,300 that analysts polled by FactSet had expected.
Adjusted earnings per share came in at $1.31, above the $1.27 estimate. Revenue edged up 1.5% to $34.3 billion, slightly below the $34.77 billion analysts forecast. Mobility and broadband service revenue grew 2.9%, while equipment revenue fell 9% as customers hold on to their devices longer.
Verizon also announced a deal worth more than $2 billion with Amazon Web Services to support infrastructure for generative and agentic AI workloads. An earlier agreement with Alphabet's Google, valued at over $1 billion, covers dark fiber for Google's data centers.
why it matters
Two points matter for markets: subscriber gains achieved while the company pulls back from heavy device subsidies, and new AI infrastructure contracts with major cloud players. Adjusted full-year earnings guidance now stands at $5.04 to $5.06 per share, up from $4.99 to $5.04.
market impact
VZ: strong subscriber growth supports revenue expectations; AMZN and GOOGL: new AI infrastructure contracts with Verizon's fiber network
tags
instruments
sources
- Verizon Lifts Outlook on Postpaid Subscriber Growth, Inks $2B+ Amazon Deal — Dow Jones Newswires, 26 October 2026 at 11:05 UTC
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