VZ · 8-K · 20261026PR000049

Guidance and Outlook

VERIZON COMMUNICATIONS INC · 2026-10-26 · Importance 67 · Surprise 76 · In source text

Verizon raised its full-year 2026 guidance for postpaid phone net additions to 1.1 million–1.2 million, from the upper half of a 750,000–1.0 million range, and adjusted EPS to $5.04–$5.06, representing 7.0%–7.5% year-over-year growth. The company now expects operating cash flow growth of 3.5%–5.0% and free cash flow growth approaching 12.0%; it forecasts mobility and broadband service revenue growth in the upper half of its 2.5%–3.0% annual range and approximately 4.0% in fourth-quarter 2026. For 2026, capital expenditures remain forecast at $16.0 billion–$16.5 billion, including success-based investments for AI Connect.

Key facts

• Verizon raised its full-year 2026 postpaid phone net additions guidance to 1.1 million to 1.2 million, from the upper half of its prior 750,000 to 1.0 million range; the new range represents an increase of more than three times compared with 2025. source
• Verizon raised its full-year 2026 Adjusted EPS guidance to $5.04 to $5.06, or 7.0 percent to 7.5 percent year-over-year growth, from 6.0 percent to 7.0 percent growth. source
• Verizon raised its full-year 2026 cash flow from operations growth guidance to 3.5 percent to 5.0 percent year over year, from 2.0 percent to 4.0 percent. source
• Verizon expects full-year 2026 free cash flow growth to approach 12.0 percent, up from its prior 9.0 percent to 10.0 percent outlook. source
• Verizon expects mobility and broadband service revenue growth in the upper half of its full-year 2026 guidance range of 2.5 percent to 3.0 percent, with approximately 4.0 percent growth in fourth-quarter 2026. source
• Verizon raised its full-year 2026 guidance for a third consecutive quarter. source

Impact estimates