威瑞森(Verizon)Q3 EPS 超预期、后付费用户大增并上调全年指引，但营收不及预期，盘前已涨约2-3%

Verizon press release ( VZ ): Q3 Non-GAAP EPS of $1.31 beats by $0.04 . Revenue of $34.31B (+1.5% Y/Y) misses by $540M . Delivered 406,000 postpaid phone net additions, a more than 820.0 percent increase year-over-year, representing the strongest third-quarter performance in five years. Added 137,000 postpaid net accounts, marking the company's best performance in over a decade. Acquired nearly 1.7 million mobility and broadband subscribers in the first nine months of 2026, compared to 879,000 in the first nine months of 2025. Mobility and broadband service revenue of $23.5 billion grew 2.9 percent year-over-year, up sequentially and forecast to grow approximately 4.0 percent in fourth-quarter 2026. Cash flow from operating activities was $11.5 billion for the quarter, representing an increase of 2.2 percent year-over-year. This supported free cash flow of $7.8 billion, up 12.1 percent year-over-year. Given the strong third-quarter 2026 performance and continued operational momentum, Verizon is raising its full-year 2026 guidance as follows: Postpaid phone net additions: 1.1 million to 1.2 million, up from upper half of 750,000 to 1.0 million, representing an increase of more than three times compared to 2025. Adjusted EPS: $5.04 to $5.06 vs $5.02 consensus, or 7.0 to 7.5 percent growth year-over-year, up from 6.0 to 7.0 percent. Cash flow from operations: 3.5 to 5.0 percent growth year-over-year, up from 2.0 to 4.0 percent. Free cash flow¹: expected to approach 12.0 percent growth year-over-year, up from 9.0 to 10.0 percent. Mobility and broadband service revenue: upper half of annual guidance of 2.5 to 3.0 percent growth, with approximately 4.0 percent growth in fourth-quarter 2026. Capital expenditures: $16.0 billion to $16.5 billion, inclusive of success-based investments for AI Connect. Shares +3.3% PM.