Verizon raised its full-year outlook Monday, October 26, after adding 406,000 postpaid phone connections in the third quarter. The company also announced an agreement worth more than $2 billion with Amazon Web Services for artificial-intelligence infrastructure.
The carrier reported $34.3 billion in quarterly operating revenue, up 1.5% from a year earlier. Net income rose 5.2% to $5.3 billion. Reported earnings were $1.25 per share, while adjusted earnings, which exclude special items, were $1.31.
Adjusted earnings exceeded analysts’ expectations, but revenue fell short.
Equipment revenue declined 9%. Verizon attributed that drop to fewer device upgrades, customers holding phones longer and its decision to reduce device subsidies. Mobility and broadband service revenue increased 2.9% to $23.5 billion.
For 2026, Verizon now expects 1.1 million to 1.2 million postpaid phone net additions and adjusted earnings of $5.04 to $5.06 per share. Those figures are forecasts, distinct from the completed quarter’s results.
The AWS agreement establishes a commercial framework supporting distributed computing and generative and agentic AI workloads. Its announced value is not revenue already recognized in the third quarter.
Sources: Verizon — third-quarter results, October 26, 2026, released 7 a.m. Eastern: https://www.verizon.com/about/news/verizon-delivers-another-record-breaking-quarter GlobeNewswire — timestamped distribution of the same Verizon release: https://www.globenewswire.com/fr/news-release/2026/10/26/3387961/0/en/verizon-delivers-another-record-breaking-quarter-with-3q-2026-results-driven-by-strong-postpaid-phone-and-account-additions.html The Wall Street Journal — Verizon results and AWS agreement, October 26: https://www.wsj.com/business/earnings/verizon-lifts-outlook-inks-amazon-deal-worth-more-than-2-billion-989c8e0f Investor’s Business Daily — earnings and revenue comparison, October 26: https://www.investors.com/news/technology/verizon-stock-vz-verison-earnings-q32026/