Verizon Communications (VZ) Q3 2026 Earnings Call: Guidance and Outlook
Verizon provided updated full-year 2026 guidance, raising expectations for adjusted EPS, free cash flow, and postpaid phone net additions. The company also provided a positive outlook for Q4 revenue growth.
About Verizon Communications. Verizon Communications Inc. operates as a prominent global provider of diverse communication, technology, information, and entertainment solutions, catering to individuals, enterprises, and government entities worldwide through its various divisions.
Call date
Sentiment score
+45 Positive
Management tone, -100 to +100
Sentiment change
-10
vs Q2 2026 call
Sector
Communication Services, Diversified Telecommunication Services
We expect that Q4 mobility and broadband service revenue growth will accelerate to approximately 4%.
Annual guidance
Postpaid phone net adds
1.1 million to 1.2 million.
Adjusted EPS growth
7% to 7.5%, up from our previous range of 6% to 7%.
Free cash flow growth
Approach 12%, up from our previous guidance of 9% to 10%.
Share repurchases
Up to $4.5 billion.
Fiber passings
Exceed 32 million by year-end.
Outlook
AI Connect revenue
Revenue from signed contracts is expected to begin impacting results in 2027.
Broadband convergence
Management expects broadband convergence to be a substantial growth driver in both the short and medium term.
Network efficiency
The new millimeter wave FWA solution is expected to offload C-band capacity and improve overall network efficiency.
Competitive environment
Management believes they are well-positioned to compete against potential new market entrants by leveraging their existing network, value proposition, and service quality.
Cost transformation
The $9 billion cost reduction plan remains on track, with further efficiency gains expected in 2027.
Pricing
Management indicated potential room to adjust pricing by increasing it as they continue to add value for customers.
Dombey's summary of the Verizon Communications Q3 2026 earnings call held Oct 26, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
