Verizon CEO Says SpaceX May Be Years Away From Becoming America's 'Sixth' Wireless Competitor
Key takeaways
- Verizon’s stronger subscriber growth and earnings beat lift its outlook, while the company signals that satellite competition is a long‑term concern.
- Adjusted $1.31
EPS
Earnings per share — profit for one share of the company, in dollars.
- Revenue $34.31 billion
- Adjusted EBITDA $13.8 billion
What happened
Verizon Communications reported its strongest third‑quarter wireless subscriber growth in five years, beating earnings expectations and lifting its 2026 outlook. Adjusted earnings per share were $1.31 versus the consensus $1.27, while revenue hit $34.31 billion, slightly below the $34.74 billion estimate. The company added 406,000 postpaid net additions and 314,000 broadband connections, and raised its full‑year adjusted earnings What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.guidance
Why it matters
The results show Verizon’s subscriber base and profitability are improving, giving the company more room to invest in network upgrades and AI‑driven services. The higher What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.guidance
Short-term and longer-term
Short-term. Over the next few days, watch for the market’s reaction to Verizon’s earnings beat and What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.guidance
Longer-term. For the coming months, Verizon’s focus on AI, broadband expansion, and cost discipline could strengthen its long‑term competitive position.
Words on this card
- Adjusted earnings per share (EPS)
- Profit attributed to each share after removing one‑time items
- Adjusted EBITDA
- Earnings before interest, taxes, depreciation, and amortization, adjusted for non‑recurring items
- Free cash flow
- Cash generated after covering operating expenses and capital expenditures
- Capital expenditures (CapEx)
- Money spent on buying or upgrading physical assets like network equipment
- Net unsecured debt
- Total debt minus cash and cash equivalents
- EPS Learn
- Earnings per share — profit for one share of the company, in dollars.