Earnings call briefThird-quarter 2026

Verizon Communications now expects service growth in upper half of 2.5% to 3%

The company said it expects fourth-quarter mobility and broadband service revenue growth to accelerate to approximately 4%.

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Chief Executive Officer Dan Schulman said on the third-quarter call that the company has signed AI Connect contracts of approximately $4 billion, and that their impact will begin in 2027.

CFO Tony Skiadas said the company continues to expect a return to wireless service revenue growth in the fourth quarter.

Quotes from the call

“More importantly, we expect that Q4 mobility and broadband service revenue growth will accelerate to approximately 4%.”

Dan Schulman, Chief Executive Officer

“Given the strength of the third quarter and our visibility into the fourth, we are raising our annual guidance for postpaid phone net adds, adjusted EPS, and free cash flow, and we now expect mobility and broadband service revenue growth to be in the upper half of our 2.5%-3% range.”

Dan Schulman, Chief Executive Officer

Key facts from the call

Annual mobility and broadband service revenue growth outlook
Upper half of 2.5% to 3% range
Expected fourth-quarter mobility and broadband service revenue growth
Approximately 4%
AI Connect signed contracts
Approximately $4 billion

All VZ call briefs

Source: Verizon Communications' third-quarter 2026 earnings call, October 26, 2026.

Written by GetSignal with AI from the company's earnings call.

Not investment advice.

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