Verizon Communications Inc. (VZ) Earnings Call Transcripts

Verizon Communications Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Verizon Communications Inc. reported a total revenue of $34.3 billion, reflecting a 1.5% year-over-year increase. Adjusted EPS rose to $1.31, an 8% growth from the previous year, and the company raised its full-year adjusted EPS growth guidance to 7% to 7.5%, up from 6% to 7%. Notably, Verizon also increased its free cash flow guidance to approach 12% growth, indicating strong operational momentum and improved customer acquisition metrics, which could positively influence the stock's trajectory.

Reported metrics

Guidance from management

Verizon raised its full-year adjusted EPS growth guidance to 7% to 7.5% and free cash flow growth guidance to approach 12%. Management expects mobility and broadband service revenue growth to accelerate to approximately 4% in Q4.

What management said

John, just to add a couple of things. Our gross adds were up 11% in the quarter, and that's driven by new to Verizon. And Simplicity being subsidy-free and transparent for customers, as Dan mentioned, allowed us to win a fiscally responsible way. And across segments where we've under-indexed, for example, in single-line and 2-line accounts, we performed extremely well. And we also delivered very strong margins in t...

Yes. And just to add to that, on your question on the deals themselves, the deals are very customer specific. So no 2 deals are alike. So it's very much to customer specifications. As Dan mentioned, we're very happy with the Amazon deal that we announced this morning. And on the Google deal, we've already -- we're already processing orders for fiber, so we're moving along there. And as Dan mentioned, these are very...

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape, particularly with potential entrants like SpaceX's Starlink. They questioned Verizon's strategies to maintain its market position amidst evolving technology and pricing dynamics.

Main topics on the call

• Postpaid Phone Net Additions — Verizon achieved postpaid phone net additions of 406,000, a significant increase of 820% year-over-year, marking the strongest Q3 performance in five years. Management stated, "We now expect our postpaid phone net adds f...
• Churn Rate Improvement — The company reported a postpaid phone churn rate of 94 basis points, improving by 4 basis points year-over-year. This reduction in churn is attributed to enhanced customer experience initiatives, as noted by management: ...
• Free Cash Flow Growth — Verizon's free cash flow reached $7.8 billion, the highest quarterly figure since 2020, growing over 12% year-over-year. The company raised its full-year guidance for free cash flow growth to approach 12%, up from previo...
• Mobility and Broadband Service Revenue Growth — Mobility and broadband service revenue grew by 2.9%, an improvement from 2.8% in Q2. Management anticipates that this growth will accelerate to approximately 4% in Q4, indicating a positive trend in revenue generation.

Read the full Verizon Communications Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 116 Verizon Communications Inc. earnings call transcripts on record, spanning January 7, 2020 to October 26, 2026. Based on this history, Verizon Communications Inc. reports quarterly. The most recent call on file is dated October 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VZ

Exchange

NYSE

Country

US

Sector

Communication Services

Industry

Diversified Telecommunication Services

Calls on record

116

First call

January 7, 2020

Most recent

October 26, 2026

Reporting cadence

quarterly