EarningsQ2 2026 Earnings Report
MX:AMXB Q2 2026 EPS Results
Actual EPS$0.40
Consensus EPS$0.43
Beat/MissMissed by -$0.03
One Year Ago EPS$0.37
MX:AMXB Q2 2026 Revenue Results
Actual Revenue$241.07B
Expected Revenue$241.13B
Beat/MissMissed by -$56.74M
YoY Revenue Growth+3.12%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeAfter Close
Conference CallTuesday, July 21, 2026
MX:AMXB Upcoming Earnings
America Movil SAB de CV's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AMXB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominately positive operational and financial picture: meaningful postpaid and broadband net additions, revenue and EBITDA growth (including stronger constant-currency trends), improved profitability and cash flow with active deleveraging, and strategic fiber acquisitions to support future growth. Notable headwinds were a newly finalized regulatory fine, higher other financial expenses, prepaid base clean-ups in certain markets, promotional pressure in Brazil, and FX/CapEx trade-offs. On balance the company showed execution across subscriber growth, margin expansion and capital allocation while acknowledging several one-off and market-specific challenges.Company Guidance
Strong Postpaid Subscriber Growth
Added 3.5 million postpaid subscribers in Q2 (Brazil +1.5M, Colombia +250k, Peru +173k, Argentina +154k, Mexico +101k), with mobile postpaid customer base growth of 9.1% year-over-year.
Solid Revenue and EBITDA Expansion
Reported Q2 revenue of MXN 241 billion, up 3.1% year-over-year in Mexican peso terms. Service revenue increased 3.4% and EBITDA rose 6.8% YoY. On a constant currency basis service revenue was up 5.1% and EBITDA up 5.3% (would have been +6.7% absent a one-off charge in Mexico).
Resilient Mobile and Fixed Service Trends
Mobile service revenue maintained a 6.5% pace, postpaid revenue expanded 7.2%, and prepaid revenue growth accelerated to 5.3% (from 3.1% a year ago). Fixed line service revenue accelerated to 2.7% vs 1.7% in prior quarter; residential broadband growth 4.2% and pay TV revenue growth 5.4%.
Broadband and Pay TV Net Adds
Connected 531,000 new broadband accesses in Q2 (Mexico 170k, Brazil 83k, Colombia 74k) and added 10,000 pay TV units (mostly Argentina, Eastern Europe, Central America). Fixed broadband growth remains a key driver (group fixed broadband growth 6.1% YoY).
Improved Profitability and Cash Flow / Deleveraging
Operating profit totaled MXN 51.8 billion, up 9.5% YoY. Net income totaled MXN 24 billion and EPS reported at $0.40 per share / $0.47 per ADR. First-half capital expenditures were MXN 48 billion; share buybacks of MXN 44.6 billion and labor obligation servicing MXN 8.4 billion were covered by cash flow, enabling a net debt reduction of MXN 30 billion (cash-flow basis). Excluding capital lease obligations, net debt stood at ARS 402 billion (1.31x LTM EBITDA after leases).
Strategic Acquisitions and M&A Focus
Completed the 'Wow' acquisition in Peru (adds >3 million homes passed with fiber and ~500k customers) and signaled continued focus on complementary fiber/fixed assets (e.g., Desktop-like targets) to drive cross-sell and synergies.
Operational Wins: Mexico Prepaid and 5G
Mexico prepaid showed improving trends with prepaid net adds of +146k in Q2 (vs 83k a year ago). Management cites larger average recharge amounts (e.g., from 50 to ~80–100 MXN) and strong 5G network/coverage as drivers of higher customer usage and plan upgrades.
Nucell MVNO Accounting Clarified
Nucell 'acreditado' MVNO subscribers are counted within Claro's reported subscriber base. Revenue recognition is split between amounts included in America Movil's reported revenues and the remainder retained by the MVNO, with subscribers included in the group's KPIs.
MX:AMXB 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