VZ · 10-Q · 2026Q3 · Full report

Wireless Equipment Revenue

VERIZON COMMUNICATIONS INC · 2026-10-29 · Importance 60 · Surprise 40

Consumer wireless equipment revenue declined 10.3% to $4.277 billion in the third quarter of 2026 and 9.5% to $13.279 billion for the first nine months. The declines were primarily driven by lower device sales volume as upgrades fell 22% for the quarter and 18% for nine months, reflecting Verizon’s decisions and customers keeping devices longer. Consolidated cost of wireless equipment fell 10.2% to $5.823 billion for the quarter and 7.2% to $18.188 billion for nine months. The nine-month cost decline included $1.7 billion from lower device volumes, partly offset by $286 million of higher costs from a shift toward higher-priced devices.

Key facts

• Verizon's cost of wireless equipment decreased by $679 million in the three months ended September 30, 2026, driven by lower device sales volume and a 20% decline in upgrades, reflecting company decisions and customers retaining devices longer. source
• Verizon's cost of wireless equipment decreased by $1.7 billion in the nine months ended September 30, 2026, driven by lower device sales volume and a 15% decline in upgrades. source
• Verizon's Consumer cost of wireless equipment decreased by $1.6 billion in the nine months ended September 30, 2026, driven by lower device sales and 18% fewer upgrades. source
• Verizon's Consumer wireless equipment revenue decreased by $441 million in the three months ended September 30, 2026 and $1.4 billion in the nine months, driven by device sales volume declines and upgrade decreases of 22% and 18%, respectively. source
• Verizon's Consumer cost of wireless equipment decreased by $592 million in the three months ended September 30, 2026, driven by lower device sales and 22% fewer upgrades. source
• Verizon's nine-month cost of wireless equipment increased by $286 million due to a shift to higher-priced equipment in the mix of wireless devices sold. source
• Verizon's Consumer cost of wireless equipment increased by $220 million in the nine months ended September 30, 2026 due to a shift to higher-priced equipment. source
• Wireless equipment revenue decreased by $55 million in the three months and $98 million in the nine months ended September 30, 2026, due primarily to lower device sales volume and fewer upgrades. source