VZ — Verizon Communications Inc. Common Stock
Session close: $43.10. Regular-session share volume: 35,391,437. Change from previous close: -3.49%.
Key developments
Verizon reported stronger wireless subscriber additions, beat earnings expectations and raised its full-year earnings and cash-flow outlook. Lower acquisition and retention costs supported profitability. Its fiber agreement with Amazon Web Services and broader AI infrastructure contracts also offer growth opportunities beyond core wireless services, although management expects revenue contributions to begin next year.
Verizon CEO Says SpaceX May Be Years Away From Becoming America's 'Sixth' Wireless Competitor · Verizon Communications Q3 2026 Earnings Call Transcript
Revenue missed expectations as reduced handset subsidies weighed on device upgrades, while broadband additions also fell short. Intraday reporting linked pressure on Verizon shares to concerns about potential Starlink competition across the wireless industry. Verizon’s chief executive argued that a competitive terrestrial network would require substantial investment and years to build, leaving the timing and scale of that threat uncertain.
Verizon Sees Customer Surge, But Competition Fears Persist · Verizon CEO Says SpaceX May Be Years Away From Becoming America's 'Sixth' Wireless Competitor · T-Mobile Stock Down 14.5% Amid SpaceX Fears, but Telecom Expert Says Selloff Is Overdone
News sources
Company news What Could Verizon Communications (VZ) Face As A New Wireless Rival Emerges? · Company news Verizon Communications Q3 2026 Earnings Call Transcript