VZ · Earnings call · 2026Q3T · Full report

Guidance and Outlook

VERIZON COMMUNICATIONS INC · 2026-10-26 · Importance 73 · Surprise 76 · No source text

Verizon raised its 2026 postpaid phone net-add guidance to 1.1 million–1.2 million and adjusted EPS growth guidance to 7%–7.5%. It expects free cash flow growth to approach 12% for the full year and mobility and broadband service revenue growth to land in the upper half of its 2.5%–3% range. Management expects Q4 mobility and broadband service revenue growth of approximately 4% and wireless service revenue to return to year-over-year growth. Verizon said it will provide its 2027 outlook on its next earnings call.

Key facts

• Verizon expects 2026 postpaid phone net additions of 1.1 million-1.2 million, more than three times the prior year's result.
• Verizon raised its full-year free cash flow growth guidance to approach 12%, from 9%-10%.
• Verizon expects full-year 2026 capital expenditures of $16 billion-$16.5 billion, including success-based AI Connect capital.
• Verizon expects Q4 2026 mobility and broadband service revenue growth of approximately 4%.
• Verizon expects full-year 2026 free cash flow to be its highest total since 2020.
• Verizon expects 2026 mobility and broadband service revenue growth in the upper half of its 2.5%-3% range.
• Verizon raised its 2026 full-year adjusted EPS growth outlook to 7%-7.5%, from 6%-7%.
• Verizon management expects 8 million-9 million FWA subscribers by 2028 and says its new high-speed FWA offer could take it beyond that level.

Impact estimates