Earnings Releases·Oct 26, 2026, 7:00 AM ET

Verizon Communications Inc. — Third Quarter 2026 Earnings Summary

**Record Financials & Margins:** Consolidated Adjusted EBITDA reached a record $13.8 billion (up 8.0% YoY) with margins expanding to 40.2%, while free cash flow rose 12.1% YoY to $7.8 billion; total revenue grew 1.5% YoY to $34.3 billion.
**Raised Full-Year Guidance:** Management increased 2026 Adjusted EPS guidance to $5.04–$5.06 (7.0–7.5% growth) and raised postpaid phone net additions guidance to 1.1–1.2 million, citing strong momentum in mobility and broadband service revenue.
**Strategic Subscriber Growth & Capital Returns:** Postpaid phone net additions surged 820% YoY to 406,000 in Q3, while the company returned $12.8 billion to shareholders in the first nine months and expects to repurchase up to $4.5 billion of stock for the full year.
**AI Partnership & Network Expansion:** Verizon secured a commercial framework with AWS valued at over $2.0 billion to scale AI workloads and expanded fiber passings to exceed 32 million, with capital expenditures for 2026 projected at $16.0–$16.5 billion.