StockNow
Log in
U.S. Markets

Verizon (VZ) CEO expects Q3 mobility and broadband service revenue to grow 3% Y/Y

StockNow breaking-news AI analysis

Verizon balances a Q2 sales miss with strong Q3 growth targets, a $1B Google fiber deal, and $9B in planned savings, supported by leadership continuity through 2028.

News detail

On track to deliver at least USD 9bln of opex and capex savings in 2026. AI infrastructure revenue will begins to layer into our results starting in 2027. Signed an agreement with Google, valued at over USD 1bln to use Verizon dark fiber to connect their data centers. Signed other deals worth multiple billions of dollars in revenue over the next several years that we expect to announce by year end Extends CEO Schulman's contract through to December 1st, 2028.

2 stocks

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more
Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)