Verizon Lifts Outlook, Inks Amazon Deal Worth More Than $2 Billion - WSJ — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Verizon beat profit estimates and lifted its annual guidance, pairing an earnings surprise with a higher forecast for the year.
- AWS was named as the counterparty to Verizon's more-than-$2-billion AI infrastructure agreement, the only hard dollar figure disclosed across the coverage.
- Barron's framed the results as the case for Verizon's stock being this year's wireless winner, adding a market-performance angle to the earnings-and-contract coverage.
- Verizon's AWS agreement covers AI infrastructure rather than wireless service, placing a non-wireless deal alongside the carrier operations behind this year's stock gain.
Why it matters: Verizon's raised annual guidance now comes with a $2 billion-plus AWS contract attached, giving the carrier an AI infrastructure deal alongside the wireless business Barron's credits for this year's stock win — and AWS a customer commitment exceeding $2 billion.
Ask SkimNews
