Verizon Communications Inc
VZ - Insider Information
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+ FollowMarket Cap$191.93B
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Earnings Call Q3 2026
October 26, 2026 - AI Summary
Strong momentum in core customer metrics (what’s good / “structurally different Verizon”)
- Postpaid phone net adds: 406k in Q3, up 820% YoY (strongest Q3 in 5 years).
- Postpaid net account adds: 137k, best quarterly performance in 10+ years.
- Churn improvement: postpaid phone churn 94 bps (-4 bps YoY); consumer postpaid churn 87 bps (-4 bps YoY).
- No “free lines” growth model: Dan emphasized that net adds are revenue-positive with lower acquisition/retention costs, unlike prior tactics that increased churn risk.
Finances improved; guidance raised (what’s good)
- Mobility + broadband service revenue: +2.9% YoY in Q3, continuing acceleration (Q2: +2.8%, Q1: +1.6%).
- Adjusted EPS: $1.31 in Q3, up ~8% YoY.
- Full-year adjusted EPS growth outlook raised: now +7% to +7.5% (from prior 6%–7%).
- Free cash flow: $7.8B in Q3, highest since 2020, up 12%+ YoY; full-year FCF growth guidance raised to ~12% (from 9%–10%).
Customer acquisition/retention economics improving (what’s good / surprising cost discipline)
- Promotional cost of acquisition & retention down again: acquisition -41% YoY, retention -30% YoY.
- Management attributed performance to Simplicity + Verizon One + loyalty and tighter microsegmented offers (rather than promotion-heavy volume chasing).
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$65.21
41.2% upside
Current Fair Value
41.2% upsideUndervalued by 41.2% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $191.93 Billion |
|---|---|
| Enterprise Value | $378.63 Billion |
| Annual dividend | $2.81 |
| Dividend yield | 6.29% |
| Earnings per Share | $4.06 |
| Beta | 0.25 |
| Outstanding Shares | 4,157,000,000 |
Return
| Return on Equity | 17.09% |
|---|---|
| Return on Assets | 4.33% |
| Return on Invested Capital | 7.43% |
Valuation & Multiples
| P/E Ratio | 11.41 |
|---|---|
| PEG | 227.75 |
| Price to Sales | 1.4 |
| Price to Book Ratio | 1.85 |
| Enterprise Value to Revenue | 2.72 |
| Enterprise Value to EBIT | 14.64 |
| Enterprise Value to Net Income | 21 |
| Total Debt to Enterprise | 0.5 |
| Debt to Equity | 1.81 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$1.28
Consensus analyst estimateRevenue Estimate
$34.78 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 29, 2027
EPS Estimate
$1.15
Consensus analyst estimateRevenue Estimate
$37.07 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.64, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.6395▼ 46.54% |
|---|---|
| Total Calls | 68,957▼ 99.83% |
| Total Puts | 44,100▼ 99.90% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.35%▼ 66.83% |
|---|---|
| Total Invested | $8.29B▼ 93.47% |
| Investors Holding | 1,444▼ 1836.00% |
About Verizon Communications Inc
89,900 employees
CEO: Hans Vestberg
Verizon Communications Inc., operating through its subsidiaries, delivers a broad spectrum of communication, technology, information, and entertainment solutions globally to individuals, businesses, and government entities. Its Consumer ...