Verizon Q3 revenue climbs to $34.3 billion as net income rises

• Verizon reported third-quarter 2026 revenue of $34.3 billion, up 1.5% year over year, while net income increased 5.2% to $5.3 billion and earnings per share climbed 6.8% to $1.25.
• Postpaid phone net additions reached 406,000, rising more than 820% year over year, while free cash flow increased 12.1% to $7.8 billion.
• Verizon raised its full-year outlook to 1.1 million–1.2 million postpaid phone net additions and adjusted EPS of $5.04–$5.06, alongside announcing an AWS infrastructure agreement valued above $2 billion.

Verizon Communications (NYSE:VZ) reported third-quarter 2026 revenue of $34.3 billion, an increase of 1.5% year over year, while consolidated net income rose 5.2% to $5.3 billion and earnings per share increased 6.8% to $1.25.

The telecommunications company added 406,000 postpaid phone customers on a net basis, up more than 820% from a year earlier and representing its strongest third-quarter performance in five years.

Adjusted earnings per share increased 8.3% to $1.31, while adjusted EBITDA rose 8% to $13.8 billion, supported by improving customer retention and operating efficiencies.

Operating cash flow increased 2.2% year over year to $11.5 billion, supporting a 12.1% rise in free cash flow to $7.8 billion, while net unsecured debt declined to $123.7 billion from $128.7 billion at the end of the second quarter.

Verizon raised its 2026 forecast to 1.1 million–1.2 million postpaid phone net additions and adjusted earnings of $5.04–$5.06 per share, while projecting free cash flow growth approaching 12%.

The company also announced an agreement valued at more than $2 billion with Amazon Web Services to expand high-capacity network connectivity and distributed computing infrastructure supporting generative and agentic artificial intelligence workloads.

Verizon reported 137,000 net postpaid account additions and 314,000 broadband net additions, while its mobility and broadband service revenue increased 2.9% to $23.5 billion, reinforcing management's focus on subscriber growth and network infrastructure investment.