WSJ Tech News Briefing · Friday, July 24, 2026
Verizon Communications reported a 0.7% year-over-year decrease in second-quarter revenue, amounting to $34.25 billion, which fell short of analyst expectations. The company cited a nearly 20% drop in equipment revenue due to longer device holding periods. Verizon is exploring new revenue streams, including AI infrastructure, and announced a deal with Google worth over $1 billion for dark fiber usage.
“In the second quarter, Verizon Communications revenue fell 0.7% year-over-year to $34.25 billion, missing analyst estimates.”
“Verizon attributed the decrease to a nearly 20% decline in equipment revenue, as customers hold on to their mobile devices longer.”
“The company said it's pursuing new revenue opportunities including from the AI infrastructure boom, as its turnaround effort continues.”
“Verizon's CEO said today it signed a deal with Google worth over $1 billion, in which the tech giant will use the carrier's dark fiber to connect its data centers.”