Engineer 1 - Systems Engineering (Generative AI & Agentic Systems)

Verizon reported stronger third-quarter results, adding 406,000 postpaid phone customers, its best third-quarter result in five years. Chief executive officer Dan Schulman said every new line delivered revenue. Revenue rose 1.5% to $34.3 billion. Adjusted EBITDA climbed 8% to $13.8 billion, and free cash flow rose more than 12% to $7.8 billion. Acquisition costs fell 41% and retention costs fell 30%. Verizon raised its full-year adjusted EPS growth outlook to 7% to 7.5%, from 6% to 7%. It lifted its free-cash-flow growth forecast to about 12%, from 9% to 10%. The company has about $4 billion in signed AI Connect contracts, including a dark-fiber deal with Amazon Web Services worth more than $2 billion. It expects revenue from them to begin in 2027.

Verizon Communications raised its full-year outlook for the third quarter in a row and signed a deal worth more than $2 billion with Amazon Web Services to support infrastructure for artificial intelligence workloads. The carrier gained a net 406,000 postpaid phone connections in the third quarter, its best result for that period in five years. Analysts polled by FactSet had expected 195,300. Verizon now expects full-year adjusted earnings per share of $5.04 to $5.06, up from $4.99 to $5.04. It projects 1.1 million to 1.2 million postpaid phone net additions, up from 875,000 to one million. Quarterly profit rose to $5.3 billion from $5.06 billion a year earlier. Revenue increased 1.5% to $34.3 billion, below analyst estimates of $34.77 billion.

Verizon stock rises after earnings beat and $2B Amazon AI deal boosts outlook. Verizon stock jumped after the company beat earnings expectations, raised its 2026 outlook and announced a $2 billion AI infrastructure deal. 26 October 2026, 04:41 AM Key takeaways. * Verizon stock rose 2.4% in premarket trading after stronger-than-expected Q3 earnings * Verizon added 406,000 postpaid phone subscribers, which exceeded Wall Street expectations * The company also announced a $2 billion-plus AI infrastructure deal with Amazon Web Services Verizon shares climbed approximately 2.4% in premarket trading on Monday after the telecommunications giant reported stronger-than-expected third-quarter earnings, raised its full-year outlook and announced an artificial intelligence infrastructure deal worth more than $2 billion with Amazon Web Services (AWS). Verizon earnings beat expectations as subscriber growth surges. Verizon reported third-quarter revenue of $34.3 billion, up 1.5% year over year, while net income increased 5.2% to $5.3 billion. Adjusted earnings per share rose 8.3% to $1.31, which exceeded Wall Street expectations of approximately $1.27. Adjusted EBITDA also climbed 8% to a record $13.8 billion. (Source: verizon.com) However, subscriber growth was arguably the biggest surprise. Verizon added 406,000 postpaid phone subscribers during the quarter, compared with just 44,000 in the same period last year. The figure also exceeded analysts' expectations of approximately 195,000 additions. The company recorded another 137,000 postpaid account additions, which is its strongest performance in more than a decade, alongside 314,000 broadband net additions. After the stronger results, Verizon raised its 2026 adjusted earnings forecast to between $5.04 and $5.06 per share. It also increased its expected annual postpaid phone additions to between 1.1 million and 1.2 million, up from its previous forecast of 750,000 to 1 million. Verizon announces $2 billion Amazon AI infrastructure deal. Alongside its earnings announcement, Verizon unveiled an expanded partnership with AWS valued at more than $2 billion. The agreement established a commercial framework to expand distributed computing infrastructure supporting generative AI and agentic AI workloads. These technologies require high-speed connectivity and computing resources that are capable of processing information across multiple locations in real time. The partnership also followed a separate agreement worth more than $1 billion with Google to provide fiber connectivity between data centers. What's next for verizon stock? Verizon's latest results suggested that its turnaround strategy was gaining momentum, with stronger customer acquisition, improved profitability and higher cash generation. Free cash flow climbed 12.1% to $7.8 billion during the quarter, while management increased its full-year free cash flow growth outlook to between 11.5% and 12%. However, the company still faced intense competition in the wireless market, alongside pressure to balance infrastructure investment with debt reduction. For investors, Verizon's stronger subscriber growth and expanding AI infrastructure business could provide more reasons for optimism, although sustained gains will depend on whether the company maintained its improving financial performance. Kraken Crypto Exchange. Best Crypto Exchange with Strongest Security * Trade over 600 different cryptocurrencies on spot and futures markets. * Grow your crypto holdings passively through staking with no lock-up periods. * Big selection of supported currencies and deposit options including bank transfers, PayPal, debit cards and more. * Operating since 2013 with the highest security standards, never suffered a hack. Cryptocurrency trading involves substantial risk, including the possible loss of principal. Digital asset markets are volatile and may not be suitable for all investors. Nothing herein constitutes investment, legal, or financial advice. ENRICH your inbox with its best stories. Danielle Walgenbach Danielle is a journalist covering cryptocurrency and financial markets. With more than four years of reporting experience, she specializes in breaking down complex financial and economic topics into clear, well-researched stories.