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Millicom International Cellular SA (TIGO)
NASDAQ:TIGO
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.84Last Year’s EPS
1.14Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a predominantly positive operational and financial story: strong organic revenue growth, material adjusted EBITDA and eFCF expansion, meaningful customer additions and successful rapid integration of recent acquisitions. Country‑level execution (notably Guatemala and Colombia), margin expansion and balance sheet discipline underpin confidence. However, several near‑term headwinds were acknowledged — one‑time legal settlements, integration and restructuring costs (notably Coltel), initial losses in Chile, some non‑recurring revenue boosts and temporary leverage increases from acquisition payments — which introduce execution and macro risks in 2026. Overall, management presented a credible plan to stabilize acquired assets and return leverage to target ranges.Company Guidance
Revenue Growth — Strong Q4 and Organic Acceleration
Service revenues for the quarter reached $1.55 billion, up 15.9% year‑over‑year; excluding $131 million from recently acquired Ecuador and Uruguay operations, organic service revenues increased 5.2% YoY, demonstrating clear top‑line acceleration.
Adjusted EBITDA Expansion and Robust Margins
Group adjusted EBITDA reached $778 million for the quarter (47.1% margin), up 25.9% YoY; excluding Ecuador and Uruguay, adjusted EBITDA grew 18% YoY to $732 million, reflecting margin expansion across major operations.
Equity Free Cash Flow (eFCF) Improvement
Equity free cash flow grew $139 million (17.9%) over the last 12 months to $916 million (or $864 million excluding infrastructure sales), and Q4 eFCF was $278 million — exceeding guidance despite one‑time impacts.
Customer and Product Momentum — Postpaid & Home Adds
Added more than 200,000 postpaid customers in the quarter (1.8 million including Ecuador and Uruguay); postpaid base reached 9.1 million, up 12.6% YoY (ex‑perimeter). Home added 40,000 net new homes and Home customer base rose 5.1% YoY.
Country-Level Outperformance — Guatemala and Colombia
Guatemala: postpaid +20% YoY, mobile service revenue +5.9% and operating cash flow +17% in Q4 (full year operating cash flow $791M). Colombia: postpaid and home +10% YoY, service revenue +6.9% YoY and record adjusted EBITDA ($174M) up 24.6% YoY with a quarterly margin ~44%.
B2B & Digital Growth
Digital service revenues rose 40.7% YoY to $79 million in the quarter (ex‑perimeter), and B2B mobile service revenues grew 7% YoY with SME segment accelerating to 5% growth, signaling strong enterprise traction.
Successful In‑market and Adjacent M&A Execution
Integrated Ecuador and Uruguay rapidly (appointed new leadership, applied playbook, achieved ~30% headcount reduction), expanded into Chile via a JV with NJJ (49% Millicom), and acquired full control of Colombia (EPM 50% stake). Management highlighted fast stabilization and initial efficiency gains.
Leverage and Balance Sheet Discipline
Quarter‑end net leverage was 2.31x (started Q4 at 2.09x), comfortably below the <2.5x target despite acquisitions and dividends; pro‑forma including Ecuador/Uruguay would have been 2.17x. Guidance calls for at least $900M eFCF in 2026 and a plan to return to 2.0–2.5x by 2027.
Operational Margin Club Expansion
Several countries delivered high margins: Paraguay posted a 52.1% margin, Bolivia reached ~53% and joined the 'Club 50' of operations above 50% EBITDA margin, underscoring strong cost control and local performance.
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 |
|---|---|---|---|
Feb 26, 2026 | $66.70 | $70.68 | +5.97% |
Nov 06, 2025 | $45.35 | $47.06 | +3.76% |
Aug 07, 2025 | $37.73 | $40.60 | +7.58% |
May 08, 2025 | $31.51 | $31.73 | +0.71% |
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 May 07, 2026, After Close (Confirmed).
What is Millicom International Cellular SA (TIGO) earnings time?
Millicom International Cellular SA (TIGO) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TIGO EPS forecast?
TIGO EPS forecast for the fiscal quarter 2026 (Q1) is 1.84.