Verizon Raises 2026 Forecast, Signs Over $2 Billion AI Infrastructure Deal With AWS
What Happened
US telecom company Verizon raised its 2026 forecasts on October 26 after adding 406,000 postpaid phone subscribers in the third quarter, nearly twice analysts' expectations. It also announced an infrastructure agreement worth more than $2 billion with Amazon Web Services (AWS) to provide high-capacity fibre connections between data centres. Verizon increased its full-year adjusted earnings forecast to $5.04–$5.06 per share.
Key Takeaways
The agreement expands Verizon's role in connecting data centres supporting AI workloads. Stronger wireless subscriber growth prompted higher annual guidance, although third-quarter revenue fell short of analysts' expectations.