Verizon Communications (VZ)

The company now

Verizon reported on 26 October 2026 that it added 406,000 postpaid phone customers in the third quarter, more than nine times as many as a year earlier 1. Postpaid customers pay a monthly bill, and the company called it its strongest third quarter on that measure in five years 1. Revenue rose 1.5 percent to $34.3 billion, and net income rose 5.2 percent to $5.3 billion 1.

Verizon credits simpler plans such as Simplicity and a bigger loyalty program, used in place of heavy phone subsidies, and said its promotional cost of winning a customer fell 41 percent 1. Equipment revenue fell 9.0 percent because customers keep their phones longer and Verizon chose to spend less on subsidies 1. Churn, the share of phone customers who leave each month, improved to 0.94 percent 1.

The company raised its 2026 outlook for the third straight quarter and now expects 1.1 million to 1.2 million postpaid phone net additions for the year 1. It also signed an agreement valued at more than $2 billion with Amazon Web Services to help scale computing for AI workloads 115.

The open question is home internet over the cell network, where quarterly additions fell to 159,000 from 261,000 116. Chief executive Dan Schulman answered on the results call with a millimeter wave plan to bring 1-gigabit speeds to 10 million to 15 million more city locations, Light Reading reported 16.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.