Verizon raises full-year guidance after record third-quarter phone additions
The gist
Verizon lifted full-year guidance after 406,000 postpaid phone net adds and $34.3 billion in third-quarter revenue.
The results test CEO Dan Schulman's overhaul as AI data-center deals open a new revenue line.
How it unfolded
- Jun 2026Verizon launched its Simplicity plan with transparent pricing and unlimited data, later adding lower-priced plans and a new loyalty program.
- Jul 2026Verizon announced a more than $1 billion agreement with Google to connect data centers using dark fiber.
- Oct 26, 2026Verizon reported third-quarter revenue of $34.3 billion, up 1.5 percent, and net income of $5.3 billion, up 5.2 percent, with 406,000 postpaid phone net adds.