Verizon Q3 EPS Rises 8% as $2B+ AI Deals and $9B Cost Cuts Take Shape
VZ is trading near its 52-week low of $38.54 (12% above the low) on elevated volume (1.9× avg).
Summary
Verizon's Q3 adjusted EPS came in at $1.31, up 8.3% year over year, on revenue of $34.3B and net income of roughly $5.25B. Record adjusted EBITDA of $13.8B and free cash flow of $7.8B (up 12%) show the cost work is landing, and management raised full-year adjusted EPS guidance to $5.04–5.06. The AI infrastructure pipeline is the new angle: more than $2B in deals with AWS, about $1B of dark fiber with Google, and the multiyear Corning fiber supply agreement, with AI Connect revenue starting in 2027. The $9B OpEx and capex cut program is on track, the Frontier deal is targeted to deliver over $1B in annual cost synergies by 2028, and up to $4.5B of buybacks are planned. Shares slipped about 1% premarket despite the beat, so the market is focused on the spending and debt picture — net unsecured debt to adjusted EBITDA sits at 2.3x.
At the time of this announcement, VZ was trading at $43.23 on NYSE in the Technology sector, with a market capitalization of approximately $179.1B. The 52-week trading range was $38.54 to $51.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.