Verizon Signs More Than $2 Billion AWS AI Network Agreement and Raises 2026 Outlook

Verizon said on October 26 that it signed an artificial intelligence infrastructure agreement worth more than $2 billion with Amazon Web Services, while lifting its financial and customer-growth outlook following third-quarter results.

The agreement establishes a commercial framework for distributed computing capacity and high-capacity connectivity supporting generative and agentic AI workloads. Verizon described the arrangement as an expansion of its relationship with AWS. It did not say that the full agreement value had already been received as revenue or that all related infrastructure had been built.

Verizon reported 406,000 net additions of postpaid phone connections in the third quarter, its strongest comparable quarterly performance in five years. It also reported 137,000 net postpaid account additions and 314,000 broadband connection additions. Total quarterly operating revenue rose 1.5% from a year earlier to $34.3 billion, while net income increased 5.2% to $5.3 billion.

The company now forecasts 1.1 million to 1.2 million net postpaid phone additions for the full year. Its adjusted earnings-per-share forecast rose to $5.04–$5.06. Both figures are forward-looking guidance, not completed results.

The AWS deal highlights growing demand for communications networks linking data centers and supporting large computing workloads. Verizon said its fiber network is attracting technology customers, but the ultimate financial contribution of this agreement will depend on deployment and commercial execution.

The October 26 disclosure occurred earlier in the day, rather than being confirmed as a new development within the last hour.