Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile ...
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Est. EPS $0.98 · Revenue $2.23B · 1 analysts
$3.00 per share
Est. EPS $1.04 · Revenue $2.29B · 1 analysts
Est. EPS $3.96 · Revenue $8.68B · 4 analysts
EPS $0.65 · Revenue $2.18B
EPS $0.65 · Revenue $1.98B
EPS $7.83 · Revenue $5.82B
EPS $1.16 · Revenue $1.42B
EPS $4.03 · Revenue $1.37B
EPS $1.14 · Revenue $1.37B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $5.8B | +0.3% | +9.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.3B | +420.2% | 0.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +77.5% | +2.6% | -1.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +28.2% | +21.8% | +14.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +22.6% | +418.8% | -8.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.2B | +4.8% | +3.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +20.3% | +4.5% | -5.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 260.2% | +39.5% | +25.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.88x | +15.0% | -12.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $17.3B | +25.6% | -0.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 7.83 vs 5.83 | +34.4% | 0.65 vs 0.98 | -33.6% |
| Revenue Surprise | $5.8B vs $5.8B | +1.2% | $2.2B vs $2.2B | -2.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jan 1, 2027 | Vanhaeren Bart Kristof | officer: Chief Financial Officer | Stock Appreciation Rights | — | 8,296 | $20.30 |
| Jan 1, 2027 | Lesina Karim Antonio | officer: EVP, CEA Officer | Stock Appreciation Rights | — | 19,816 | $20.30 |
| Jan 1, 2027 | Benitez Marcelo | officer: Chief Executive Officer | Stock Appreciation Rights | — | 31,824 | $20.30 |
| Jan 1, 2027 | Vianna Celso T | officer: Chief Accounting Officer | Stock Appreciation Rights | — | 8,324 | $20.30 |
| Jan 1, 2027 | Escalon Salvador | officer: Chief Legal & Compliance Off. | Stock Appreciation Rights | — | 27,937 | $20.30 |
Luca Pfeifer: Hello, everyone, and welcome to our second quarter 2026 results call. This event is being recorded. Our speakers today will be our CEO, Marcelo Benitez; and Bart Vanhaeren, CFO of the company. The slides for today's presentations are available on our website, along with the earnings release and our financial statements. Please turn to Slide 2 for the safe harbor disclosure. We will be making forward-looking statements, which involve risks and uncertainties, which could have a material impact on our results. On Slide 3, we define the non-IFRS metrics that we will be referencing throughout the presentation, and you can find the reconciliation table in the back of our earnings release and on our website. With those disclaimers out of the way, let me now turn the call over to our CEO, Marcelo Benitez. Marcelo? Marcelo Benitez: Thank you, Luca, and thank you, everyone, for joining our call today. Before I begin, I want to thank our teams across all markets. These results are a direct reflection of their commitment to our customers and their relentless focus on execution. They are the reason why we're delivering another quarter of strong performance. Last quarter, I spoke about the strength of our operating model and our ability to keep growing while integrating new businesses and absorbing the associated restructuring costs. This quarter reinforces that point. We are executing against the same priorities with outlining throughout the year, delivering a better customer service, increasing ARPU through our more-for-more strategy, simplifying the business, improving efficiency and turning that operational execution into stronger cash flow. Before reviewing the operational highlights, let me provide some context around our mobile and home subscriber performance this quarter. As part of Coltel integration, we deliberately reduced promotional activity to avoid overlapping commercial offers between the 2 brands. At the same time, we completed the harmonization of subscriber reporting standards across the organization, improving consistency and transparency. As a result, our reported prepaid and Home subscriber figures in Colombia includes a normalization effect this quarter. This is simply an accounting and reporting alignment. It does not reflect any deterioration in our underlying business. With this work now substantially behind us, we expect subscriber trends to normalize and growth rates to return to more typical levels over the coming quarters. More importantly, the underlying commercial momentum remains very healthy. Our pre-to-post strategy continues to deliver excellent results, excluding M&A, postpaid net adds increased by 167,000 sequentially, demonstrating the continued strength of our commercial execution. Home net adds were broadly stable versus the first quarter, reflecting the normalization I just described. Even so Home service revenue delivered another strong quarter, better pricing execution, combined with the positive …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Guillaume Duhaze | Chief Technology & Information Officer | Male | — | Active |
Luca Pfeifer | Vice President of Investor Relations | Male | — | Active |
Marcelo Benitez | Chief Executive Officer | Male | — | Active |
Karim Lesina | Executive Vice President & Chief External Affairs Officer | Male | 1975 | Active |
Salvador Escalon | Executive Vice President and Chief Legal & Compliance Officer | Male | 1975 | Active |
Sofia Corral | Director of Corporate Communications | — | — | Active |
Bart Vanhaeren | Chief Financial Officer | Male | — | Active |
Markets stumbled to start the week as oil surged, Iran rattled nerves, and bond yields hit levels not seen since 2007, leaving Wall Street analysts scrambling to reassess positions across retail, tech, and telecom ahead of Tuesday's open.
Millicom International Cellular NASDAQ: TIGO reported second-quarter 2026 service revenue of $2 billion, up 5.4% organically year over year and 60.1% on a reported basis, as its prepaid-to-postpaid migration strategy, pricing actions and recent acquisitions supported growth. Adjusted EBITDA reached a company record of $1 billion, while equity free cash flow rose more than 50% from a year earlier to a record $327 million.
On August 06, 2026, Millicom International Cellular SA (TIGO) shares rose 13.7% to a current price of $104.31, reflecting strong performance in the stock market
Millicom International Cellular S.A. (TIGO) Q2 2026 Earnings Call Transcript
Millicom International Cellular SA (TIGO) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.51 per share a year ago.
