Verizon's third-quarter results showed 406,000 net postpaid phone additions, up 820% year over year and its best Q3 in five years, plus 137,000 net account additions. Revenue rose 1.5% to $34.3 billion and adjusted EPS climbed 8.3% to $1.31, while the company raised its 2026 postpaid phone additions outlook to 1.1 million to 1.2 million and its adjusted EPS growth outlook to 7% to 7.5%. The stock has fallen on concerns that SpaceX could enter the U.S. mobile market, and CEO Dan Schulman said building a terrestrial network would require 65,000 to 80,000 macro sites, cost $300 billion to $500 billion and take four to six years. The author views the stock as cheap, citing a dividend yield above 6.5%, a 11% free cash flow yield and an 8-times forward P/E.
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