Business · Datacenter Dynamics
Verizon "turnaround" gathers momentum as CEO reiterates company's AI vision
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Verizon CEO Dan Schulman once again outlined his desire for the carrier to leverage AI as part of its strategy.
Key facts
- Verizon has plans to expand its fiber passings to 40 to 50 million premises over the medium term, as the company looks to compete with AT&T, which aims to deploy fiber to 60 million premises
- Verizon reported total operating revenue of $34.4 billion in Q1, up 2.9 percent Year-on-Year (YoY)
- At the start of the year, the telco also completed its $20bn acquisition of Frontier Communications
- Through the use of AI, Schulman said that Verizon has achieved energy savings of more than $200 million
Summary
Schulman, who took over as CEO in October, said the carrier's turnaround is gathering momentum as the telco outlined its first-quarter earnings today (April 27). Verizon reported total operating revenue of $34.4 billion in Q1, up 2.9 percent Year-on-Year (YoY). “Our first-quarter 2026 results show that our turnaround is not only progressing, it is gaining momentum," said Schulman. While Schulman has only been at the helm for six months, he's been vocal in talking about how Verizon will utilize AI within its operations.