VZ · Earnings call · 2026Q3T · Full report

Revenue Performance and Mix

VERIZON COMMUNICATIONS INC · 2026-10-26 · Importance 47 · Surprise 48 · No source text

Third-quarter total revenue was $34.3 billion, up 1.5% year over year, while mobility and broadband service revenue grew 2.9%. Lower equipment revenue, down 9% year over year, offset some service revenue growth as upgrade volumes fell more than 20%. Wireless service revenue was just over $20.9 billion, and management expected it to return to year-over-year growth in Q4.

Key facts

• Q3 2026 total revenue was $34.3 billion, up 1.5% year over year.
• Q3 2026 wireless service revenue was just over $20.9 billion.
• Verizon upgrade volumes in Q3 were down over 20% year over year, contributing to lower equipment revenue.
• Q3 2026 mobility and broadband service revenue grew 2.9%, compared with 2.8% in Q2 and 1.6% in Q1.
• Q3 2026 adjusted EPS was $1.31, up 8% year over year.
• Q3 2026 equipment revenue declined 9% year over year as Verizon drove lower upgrade volumes.
• Verizon's Q3 2026 adjusted EPS was $1.31, up 8.3% year over year.
• Verizon's Q3 mobility and broadband service revenue growth of 2.9% was offset by equipment revenue declining 9% year over year.

Impact estimates