VZ Stock Jumps 4% as Verizon Signs $1B Google Dark Fiber Deal

TLDR

• Verizon stock closed at $45.78, up 4.47% on July 24.
• Verizon signed a dark fiber deal with Google worth more than $1 billion.
• The deal will connect Google data centers as AI infrastructure demand grows.
• Verizon reported adjusted earnings of $1.30 per share, beating estimates.
• Verizon raised its 2026 EPS outlook to $4.99-$5.04 and lifted free cash flow guidance.

VZ stock climbed after Verizon signed a more than $1 billion dark fiber agreement with Google to support AI data center connectivity.

Verizon Secures Google Dark Fiber Deal

Verizon Communications stock closed at $45.78 on July 24, rising 4.47%, or $1.96, during the session. The rally followed news that the telecom company secured a dark fiber deal with Alphabet’s Google worth more than $1 billion.

Chief Executive Dan Schulman disclosed the agreement during Verizon’s second-quarter earnings call. Under the deal, Verizon will provide dark fiber connectivity for Google’s data centers as AI infrastructure demand expands across the United States.

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