VZ · Earnings call · 2026Q3T · Full report

Fiber Broadband Expansion

VERIZON COMMUNICATIONS INC · 2026-10-26 · Importance 29 · Surprise 24

Verizon expects to exceed 32 million fiber passings by year-end and remains on track for 40 million–50 million fiber passings over the medium term. It plans to add high-speed fixed wireless access coverage for another 10 million–15 million premises, with a medium-term goal of 50 million–65 million premises able to receive at least 1 gigabit download speeds. The company will begin scaling its millimeter-wave-based 1-gigabit FWA service in Q4 2026 and through 2027 and beyond, market by market. Management said this deployment is more cost-efficient than fiber construction and can also offload C-band capacity.

Key facts

• Verizon expects fiber passings to exceed 32 million by year-end and remains on track for 40 million-50 million fiber passings over the medium term.
• Verizon expects to end 2026 with over 32 million fiber passings.
• Verizon's medium-term target is to pass 50 million-65 million premises with one gigabit or more download speed.
• Verizon's medium-term goal is to add 10 million-15 million premises served with 1 gig FWA, in addition to its 40 million-50 million fiber build.