StocksMediumUpdated•Originally published 26 October 2026•Updated 26 October 2026•
1 min read
Verizon Beats Q3 Earnings Estimates with 406,000 New Subscribers
Key Facts
1Verizon boosted its full-year outlook again as it continues to attract new customers.
2The mobile carrier signed an AI deal valued at more than $2 billion with Amazon.
Verizon reported third-quarter adjusted earnings per share of $1.31, beating analyst expectations of $1.27. The company added 406,000 postpaid phone subscribers during the period, leading it to raise its full-year outlook once again. The Wall Street Journal reported that the carrier signed an AI deal with Amazon valued at more than $2 billion to enhance its technical capabilities.
VZ closed at $44.66 on October 23, 2026, while AMZN closed at $248 on the same date. The subscriber growth significantly exceeded estimates, driving the improved financial guidance, while the Amazon partnership represents a major strategic investment in AI infrastructure.