Millicom Q2 revenue beats estimates
Millicom Q2 revenue beats estimates
Overview
Luxembourg telecom operator's Q2 revenue rose 59% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 rose 58% yr/yr to record level, driven by acquisitions and organic growth
Company raised 2026 equity free cash flow guidance and declared additional interim dividend
Outlook
Millicom raises 2026 equity free cash flow guidance to around $1.1 bln
Company lowers year-end leverage target to below 2.5x
Millicom says improved portfolio visibility supports increased confidence for remainder of 2026
Result Drivers
ACQUISITIONS - Co said acquisitions in Colombia, Ecuador and Uruguay drove improvements in margins and equity free cash flow
ORGANIC GROWTH - Co said disciplined organic growth contributed to underlying business expansion
OPERATING MODEL - Co attributed results to consistent operating model focused on customer value, efficiency and cash flow
Company press release: ID:nGNE8qqnPM
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $2.18 bln | $2.13 bln (3 Analysts) |
Q2 EBIT | Beat | $462 mln | $424.85 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy."
Wall Street's median 12-month price target for Millicom International Cellular S.A. is $85.00, about 7.4% below its August 5 closing price of $91.79
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago
Reuters Recommended Reads
Aug 5 - Liberty Latin America Q2 revenue, OIBDA rise on subscriber growth despite hurricane hit
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Aug 6 - Deutsche Telekom's Q2 organic revenue rises 3.3%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)