Millicom International Cellular (NASDAQ:TIGO) Releases Quarterly Earnings Results, Misses Estimates By $0.40 EPS

Millicom International Cellular (NASDAQ:TIGO) issued its quarterly earnings data on Thursday. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.40), FiscalAI reports. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.23 billion. Millicom International Cellular had a net margin of 9.19% and a return on equity of 18.39%. Millicom International Cellular’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share.

Here are the key takeaways from Millicom International Cellular’s conference call:

• Millicom delivered 5.4% organic service-revenue growth and record adjusted EBITDA of $1.1 billion, up 7.7%, with a 48% margin. Third-quarter Equity Free Cash Flow rose 27% to $316 million, and the company maintained its full-year target of about $1.1 billion.
• Leverage declined to 2.53, and management said its path to below 2.5 remains intact. Executives also said the Colombia integration’s most intensive phase is largely behind them and expect the market to approach a 50% EBITDA margin in 2027.
• Home customers fell by 86,000 sequentially, reflecting earthquake-related disruption in Colombia and the company’s pricing strategy; management expects continued pressure on home subscriber additions in Q4. B2B growth may also moderate near term as certain projects roll off.
• Millicom reached a settlement resolving pending material litigation and claims in Guatemala, removing a source of financial and regulatory uncertainty. The settlement resulted in a high-double-digit-million-dollar expense in the quarter.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock traded up $2.06 during trading on Friday, reaching $81.18. The company’s stock had a trading volume of 143,990 shares, compared to its average volume of 1,356,173. The business’s 50-day moving average price is $87.57 and its 200-day moving average price is $83.17. The firm has a market cap of $13.72 billion, a PE ratio of 20.46 and a beta of 1.00. Millicom International Cellular has a 52 week low of $46.85 and a 52 week high of $107.13. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Scotiabank upped their price target on shares of Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Zacks Research downgraded shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. UBS Group upped their target price on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada set a $105.00 target price on Millicom International Cellular in a research note on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.68.

Key Headlines Impacting Millicom International Cellular

Here are the key news stories impacting Millicom International Cellular this week:

• Positive Sentiment: Q3 revenue rose 60.8% year over year to $2.28 billion, beating estimates; organic growth was 4.8%. Adjusted EBITDA increased 57.7% to $1.09 billion, and equity free cash flow grew 27.1% to $316 million. Millicom Q3 2026 Earnings Release
• Positive Sentiment: Leverage declined to 2.53x, including recent acquisitions, and the company announced an additional $0.75 per share for each of its January and April 2027 dividend payments. These cash-flow and shareholder-return updates may support investor confidence. Millicom Q3 2026 Earnings Release
• Negative Sentiment: EPS was $0.58, missing consensus estimates of $0.98, despite the revenue beat. Coverage attributed the shortfall in part to one-time charges, while net profit was lower than a year earlier. The earnings miss could weigh on the stock if investors focus on profitability rather than growth. Millicom Q3 2026 earnings coverage
• Negative Sentiment: Zacks Research downgraded TIGO from “strong-buy” to “hold,” a less favorable analyst view that may limit enthusiasm following the results. Zacks Research recommendations

Millicom International Cellular Company Profile

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.