← All forecasts · October 26–30

VZ / Q3 2026 (FQ3 2026 - Sep 2026)

Verizon Communications Inc.

Reported: Oct 26, 2026

Forecast published

Opus 5.5 High in Shortcut

Shortcut

1.28

Normalized diluted EPS

+1.1% vs Street

Off by $0.03 per share

Street

1.27

Normalized diluted EPS

October 25 consensus snapshot

Off by $0.04 per share

Real

1.31

Issuer adjusted diluted EPS

Shortcut win

Reported result · Oct 26 ↗ · Issuer adjusted diluted EPS for the quarter ended September 30 was $1.31, versus $1.25 GAAP.

USD per diluted common share. Comparisons use unrounded estimates.

Model download

Explore the assumptions and calculations behind the forecast.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

Mobility & broadband service revenue +2.85% Y/Y (wireless service ~flat, broadband subs +34%), matching July guidance of growth "approaching 3%" for 3Q26.

Revenue $34.58bn sits 0.8% below the $34.85bn consensus: equipment revenue modelled -6.5% Y/Y on a 2.8% upgrade rate (2Q26 equipment was -19.7%, driving revenue misses in 3 of the last 4 quarters).

Adjusted EBITDA $13.67bn (+7.0% Y/Y, 39.5% margin) extends the 2Q26 pattern (+7.2%) from the $5bn opex programme and 15-17% lower COA/COR; D&A $5.03bn, interest $1.95bn, adjusted ETR 22.2%.

On the record.

Reporting period
Q3 2026 (FQ3 2026 - Sep 2026)
Reporting basis
Normalized (issuer adjusted) diluted EPS
Consensus snapshot
October 25, 2026
Model / effort
Opus 5.5 · High effort
Workbook
Reviewed workbook
Record history
Forecast generated
Oct 26, 2026 at 1:45 AM PDT
Reviewed revision completed
Oct 26, 2026 at 1:45 AM PDT
First published
Oct 26, 2026 at 2:42 AM PDT
Result basis

Issuer adjusted diluted EPS for the quarter ended September 30 was $1.31, versus $1.25 GAAP. The issuer reconciliation excludes acquisition-related intangible amortization and acquisition/integration charges; rounded per-share bridge components need not add exactly.