Millicom International Cellular Sa (TIGO)
NASDAQ:TIGO
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.73Last Year’s EPS
4.05Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational momentum and financial results: healthy organic revenue growth, record first-quarter equity free cash flow, expanding adjusted EBITDA and successful early integration of several acquisitions (Coltel, Ecuador, Uruguay, Chile). Management provided concrete cost-savings plans (e.g., >USD 100 million savings in Colombia first year), clear CapEx focus and reaffirmed 2026 targets (EFCF ≥ USD 900 million and leverage ~2.5x). Key challenges include near-term restructuring charges, elevated CapEx and spectrum payments, higher net debt and some market-specific softness (Panama), as well as FX and timing-related cash flow effects. On balance, the positive operational and cash generation trends, together with successful early turnaround indications in acquired assets, outweigh the near-term integration costs and leverage effects.Company Guidance
Strong Organic Service Revenue Growth
Organic service revenue grew 4.9% year-over-year. Reported service revenue increased 45% YoY to nearly EUR 1.9 billion, driven by recent acquisitions (Coltel, Ecuador, Uruguay) while organic trends show underlying momentum.
Record Equity Free Cash Flow
Equity free cash flow (EFCF) reached a first-quarter record of EUR 225 million, improving EUR 48 million YoY; excluding certain transactions EFCF would have increased EUR 90 million YoY (Bart: +66% YoY or ~$90M excluding last year's one-offs).
Robust Adjusted EBITDA and Margins
Adjusted EBITDA was EUR 857 million, up 35.5% YoY, with an adjusted EBITDA margin of 43.2% for the quarter. Organic adjusted EBITDA growth was 9.6%. Excluding Coltel, adjusted EBITDA margin would have been 47.9%.
Mobile Business Acceleration
Mobile service revenue totaled ~EUR 1.1 billion (including EUR 120 million from Coltel). Excluding inorganic growth, mobile service revenue grew 7% YoY (+EUR 63 million). Underlying mobile customer growth was 4% YoY; postpaid customers increased 25% YoY.
Customer Additions and Convergence Gains
Reported postpaid net additions were 5.6 million and home net adds 1.5 million (including acquisitions). Excluding inorganic growth, postpaid net additions were 250,000 and home net adds 46,000. Convergent customers (both fixed and mobile) represent ~36% of the base and have ~50% lower churn than nonconvergent customers.
Colombia Integration Early Success
Colombia organic performance strong: postpaid customers +9% YoY, mobile ARPU +4.4% YoY. Coltel contributed ~EUR 243 million to service revenue and ~EUR 33 million to adjusted EBITDA for two months; management sees early positive turnaround and expects Coltel to be net EFCF contributor for 2026 after integration.
B2B and Digital Services Growth
Digital service revenue grew ~19% YoY, with cybersecurity and cloud solutions both growing >20% YoY. Total B2B revenue was EUR 306 million excluding Coltel. Entrepreneur (SMB) customer base rose >13% YoY.
Successful Turnarounds in Ecuador, Uruguay and Chile
Ecuador and Uruguay moved to margin expansion quickly (Ecuador adjusted EBITDA EUR 56 million, margin 48.3%, ~13% uplift vs prior); Chile (Telefonica Chile J.V.) delivered positive EFCF in first two months and generated ~USD 200 million revenue in that period after ~30% headcount reduction and an ~USD 85 million debt reduction.
Clear Financial Targets and Leverage Path
Management reaffirmed 2026 targets: EFCF at least USD 900 million and leverage ~2.5x by year-end. Net debt was EUR/USD 7.6 billion at quarter end with leverage 2.76x and explicit plan to reduce to ~2.5x by year-end.
Millicom International Cellular SA (TIGO) Earnings, Revenues Date & History
TIGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TIGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $78.50 | $80.13 | +2.08% |
Feb 26, 2026 | $65.06 | $68.94 | +5.97% |
Nov 06, 2025 | $44.24 | $45.90 | +3.76% |
Aug 07, 2025 | $36.80 | $39.60 | +7.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Millicom International Cellular Sa (TIGO) report earnings?
Millicom International Cellular Sa (TIGO) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Millicom International Cellular Sa (TIGO) earnings time?
Millicom International Cellular Sa (TIGO) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is TIGO EPS forecast?
TIGO EPS forecast for the fiscal quarter 2026 (Q2) is 0.73.