Verizon Earnings Prediction Market Preview: What Will Dan Schulman Say as SpaceX Fears Mount?

Key takeaways

• Verizon’s earnings call will test whether the company can defend its urban market share against a looming Starlink mobile network, while highlighting its loyalty program, Frontier integration, and AI infrastructure.
• Adjusted earnings $1.27 per share
• Revenue $34.84 billion
• Frontier acquisition $20 billion

What happened

Verizon Communications Inc. (NYSE: VZ) will report third‑quarter earnings on Monday, following a report that SpaceX (NASDAQ: SPCX) is negotiating access to at least 80,000 U.S. cell sites to build a nationwide mobile network. The news pushed Verizon and other telecom stocks lower on Friday, raising concerns about competition from Starlink. Wall Street is pricing in adjusted earnings of $1.27 per share on revenue of about $34.84 billion.

Why it matters

The potential of SpaceX to deploy a mobile network threatens Verizon’s core urban and suburban revenue base, which accounts for nearly all of its earnings. Verizon’s recent $20 billion acquisition of Frontier Communications and its AI‑infrastructure business are key defensive pillars, but the satellite threat could…

Short-term and longer-term

Short-term. Over the next few days, watch for a 0.5–1.0% swing in Verizon’s stock as the earnings call unfolds.

Longer-term. In the months ahead, Verizon’s ability to deliver the projected $500 million annual cost savings from the Frontier acquisition and to grow its AI Connect business will be critical.