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Verizon Communications in charts: Q3 service revenue up 3.5% Y/Y, wireless equipment down 8.9%; broadband adds 314K customers

Q3 service revenue rose 3.5% Y/Y and broadband added 314K customers, offsetting wireless equipment decline.

Context

What happened: Verizon reported Q3 results, with service revenue up 3.5% year over year while wireless equipment revenue fell 8.9%. The company added 314K broadband customers. Key numbers: Service revenue up 3.5% Y/Y; wireless equipment down 8.9%; broadband adds 314K; non-GAAP EPS $1.31, beating by $0.04; revenue $34.31B, missing by $540M. Why it matters: EPS beat estimates while revenue fell short, and the mix shifted toward service revenue as equipment revenue declined. Market: -0.0% today ($248.68), +9.8% YTD, 0.1x vol — as of 14:03 UTC Verified: Q3_2026 (Oct 29) revenue $203.9B vs $203.9B est; next print ~Jan 28

What changed

Verizon reported Q3 results, with service revenue up 3.5% year over year while wireless equipment revenue fell 8.9%. The company added 314K broadband customers.

Why it matters

EPS beat estimates while revenue fell short, and the mix shifted toward service revenue as equipment revenue declined. Market: -0.0% today ($248.68), +9.8% YTD, 0.1x vol — as of 14:03 UTC Verified: Q3_2026 (Oct 29) revenue $203.9B vs $203.9B est; next print ~Jan 28

Sources

eodhd