Verizon (VZ) adds 406,000 phone customers in Q3, best gain in five years
As seen on the 24/7 Wall St. homepage on October 26, 2026.
Verizon's best phone growth in five years says the subscriber bleed to T-Mobile and AT&T has stopped, and it lands while telecom investors are focused on SpaceX's satellite threat.
JUST IN: Verizon adds 406,000 phone customers in Q3, the largest in 5 years
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Verizon's net addition of 406,000 postpaid phone customers in the third quarter of 2026 is the company's strongest single-quarter result in five years, a milestone that signals the long-running subscriber drain toward T-Mobile and AT&T is reversing.
Verizon has spent much of the past several years as the name investors associated with losing ground in wireless. A result of this size breaks that narrative and hands management momentum heading into the holiday upgrade season.
Investors in the sector have been weighing the longer-term threat from SpaceX's satellite broadband ambitions, and a return to subscriber growth of this scale at Verizon reframes the competitive picture back toward execution.
The number to keep watching is whether this addition rate holds into Q4, when carrier promotions peak and switching activity typically spikes. A second consecutive quarter at or near this level would confirm a genuine trend.