# Verizon and AWS Agree to $2 Billion AI Deal By John Kim Canonical URL: https://www.tokenpost.com/news/business/41088 Published: 2026-10-26T14:47:44.000Z Updated: 2026-10-26T14:47:44.000Z Section: Business > Verizon also raised its 2026 outlook for a third straight quarter after recording 406,000 postpaid phone net additions. Verizon and Amazon Web Services agreed to a $2 billion AI deal to expand distributed computing as Verizon raised its 2026 outlook. Verizon announced the agreement Monday alongside its third-quarter results. It has now increased its full-year outlook in three consecutive quarters. The carrier recorded [406,000 postpaid phone net additions in the third quarter](), more than 820% above the year-earlier figure. That was its strongest third-quarter result in five years. Revenue rose 1.5% from a year earlier to $34.31 billion. Non-GAAP earnings were $1.31 per share, 4 cents above estimates. Mobility and broadband service revenue grew, while wireless equipment revenue fell 9%. ## Links in this article - [406,000 postpaid phone net additions in the third quarter](https://www.tokenpost.com/news/business/40998)