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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.
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