Verizon Lifts Outlook, Inks Amazon Deal Worth More Than $2 Billion

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1. 1h ago

   Verizon Raises 2026 Forecasts and Signs $2 Billion AWS Deal

   Verizon Communications lifted its annual forecasts and raised its 2026 earnings and subscriber outlooks after reporting a jump in phone customers, driven by demand for simplified plans. The mobile carrier added 406,000 postpaid phone customers during the period. Alongside the upbeat financial guidance, Verizon secured an artificial intelligence infrastructure agreement valued at more than $2 billion with Amazon Web Services. The announcements reinforce the company's wireless momentum and provide fresh infrastructure backing for its digital services as competition across the telecom sector intensifies.

   Why it matters

   The company's positive financial performance highlights strong user acquisition amidst a competitive telecom environment. Verizon also recently updated its fixed wireless access technology utilizing millimeter wave breakthroughs to match fiber speeds. Meanwhile, leadership addressed external market dynamics, estimating significant capital and time requirements for competitors attempting to scale rival wireless offerings.

   What is confirmed

   • Verizon raised its annual forecast for wireless subscriber additions and boosted its full-year earnings outlook.
   • The company signed an AI infrastructure deal worth more than $2 billion with AWS.
   • Verizon added 406,000 postpaid phone customers.

   Still unconfirmed

   • Verizon stated that SpaceX will need eight years and a half trillion dollars to compete in wireless.

   What to watch next

   • Execution and deployment milestones related to the AWS artificial intelligence infrastructure deal
   • Subsequent quarterly postpaid phone subscriber growth metrics
   • Further updates on fixed wireless access network deployments utilizing mmWave technology
   Sources used for this update (14)

   1. WSJ — Verizon Lifts Outlook, Inks Amazon Deal Worth More Than $2 Billion
   2. Business Insider — Verizon says SpaceX will need 8 years and a half trillion dollars to compete in wireless
   3. Barron's — Verizon Earnings Show Why Its Stock Is This Year’s Wireless Winner
   4. Yahoo Finance — Verizon beats profit estimates, raises guidance
   5. CNBC — Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS
   6. Investor's Business Daily — Verizon Stock: Verizon Earnings Top Estimates, Revenue Light. Wireless Subscriber Adds Beat.
   7. Fierce Network — Verizon CEO Schulman says he's demanding of employees, but it's paying off
   8. Light Reading — Verizon revamps FWA with mmWave 'breakthrough' to match fiber speeds
   9. Bloomberg.com — Verizon Raises 2026 Forecast After Big Jump in Phone Customers
   10. Morningstar — Verizon Earnings: Wireless Momentum Builds as SpaceX Maneuvering Continues
   11. www.marketscreener.com — Verizon lifts annual forecasts, signs more than $2 billion AI infrastructure deal with AWS | MarketScreener
   12. www.wealthiertoday.com — Verizon Raises 2026 Outlook After Strong Subscriber Growth ...
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