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Verizon Communications (VZ) guidance and outlook
Verizon Communications (VZ) raised its guidance on Oct 26, 2026: Operating cash flow +3.5% to +5.1% for Q4 2026; Free cash flow +11.5% to +12% for Q4 2026. Verizon Communications' 10-Q filed Oct 29, 2026 makes 7 forward-looking statements, 2 of them new and 2 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | +2.9% | new |
| Operating cash flow | Q4 2026 | +3.5% to +5.1% | new |
| Free cash flow | Q4 2026 | +11.5% to +12% | new |
From the earnings release filed Oct 26, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 29, 2026
- We expect that our capital spending requirements will continue to be financed primarily through internally generated funds.
- While we may be exposed to credit losses due to the nonperformance of our counterparties, we consider the risk remote and do not expect that any such nonperformance would result in a significant effect on our results of operations or financial condition due to our diversified pool of counterparties.
- We enter into interest rate swaps to achieve a targeted mix of fixed and variable rate debt.
- new · On September 14, 2026, Verizon entered into definitive agreements with AT&T Inc. and T-Mobile US, Inc., or their wholly owned subsidiaries, as applicable, to form a joint venture which aims to end wireless dead zones in the U.S. and expand satellite coverage for customers nationwide.
- new · We expect to license certain intellectual property to the joint venture, and to provide access to certain spectrum licenses to satellite providers who contract with the joint venture.
- • our ability to implement business transformation initiatives and achieve their anticipated benefits;
- • risks associated with mergers, acquisitions, divestitures and other strategic transactions, including our ability to obtain cost savings and other synergies and anticipated benefits of completed transactions within the expected time period or at all.
Verizon Communications' latest quarter
Verizon Communications, Q3 2026: revenue $34.3B (+2% year over year), operating margin 25.2%, net earnings $5.2B, operating cash flow $11.5B. The chart follows the revenue to costs, profit and cash.
Questions
Did Verizon Communications raise or lower its guidance?
Verizon Communications (VZ) raised its guidance on Oct 26, 2026: Operating cash flow +3.5% to +5.1% for Q4 2026; Free cash flow +11.5% to +12% for Q4 2026.
What does Verizon Communications expect?
On September 14, 2026, Verizon entered into definitive agreements with AT&T Inc. and T-Mobile US, Inc., or their wholly owned subsidiaries, as applicable, to form a joint venture which aims to end wireless dead zones in the U.S. and expand satellite coverage for customers nationwide. We expect to license certain intellectual property to the joint venture, and to provide access to certain spectrum licenses to satellite providers who contract with the joint venture.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.