America Movil SAB de CV (AMX) Earnings Date & Reports
América Móvil is the largest telecom carrier in Latin America, serving about 335 million wireless customers across the region... Show more
AMX is expected to report earnings to rise 24.22% to 41 cents per share on July 14
América Móvil (AMX) Q1 2026 Earnings Recap: Profit Surges 25% on Postpaid Momentum
Key Takeaways
- Net profit climbed 25.1% year-over-year to 23.40 billion Mexican pesos (MXN), equivalent to $1.31 billion USD.
- Total revenues rose 2.1% to 236.84 billion MXN ($13.21 billion USD), surpassing analyst forecasts of $13.19 billion USD.
- EBITDA (earnings before interest, taxes, depreciation, and amortization) reached 95 billion MXN ($5.30 billion USD), edging out expectations of $5.28 billion USD.
- Added 3.0 million postpaid mobile subscribers and 594,000 broadband accesses, led by strong growth in Brazil and Mexico.
- Non-GAAP earnings per American Depositary Receipt (EPADR) came in at $0.44, slightly below consensus estimates of $0.45.
- Shares declined about 2% following the release, reflecting mixed investor reactions to the EPS shortfall.
Earnings Context and Why It Matters
América Móvil, Latin America's largest telecom provider, released its Q1 2026 results amid ongoing subscriber shifts toward higher-value postpaid plans and broadband expansion. With operations spanning Mexico, Brazil, and other emerging markets, the company faces currency headwinds from a stronger Mexican peso, which dilutes overseas contributions. Investors watch these earnings closely for signs of sustained revenue growth in a competitive landscape marked by 5G rollouts and fixed-line broadband demand. Strong postpaid gains signal premium service traction, critical for margins as prepaid bases contract.
Reported Results
América Móvil reported total revenues of 236.84 billion MXN for Q1 2026, a 2.1% increase from the prior year, beating LSEG consensus by a slim margin when converted to USD. Net income surged 25.1% to 23.40 billion MXN, boosted by higher operating earnings and reduced financing costs. EBITDA hit 95 billion MXN, aligning closely with forecasts and supporting a healthy margin profile.
Operationally, the company added 3.0 million postpaid mobile clients—1.3 million in Brazil alone—while prepaid lines dipped by 90,000. Broadband accesses grew by 594,000, with Mexico contributing 175,000 and Brazil 115,000. However, non-GAAP EPADR of $0.44 missed analyst expectations of around $0.45, tempering the positive revenue surprise. No updated full-year guidance was provided in the initial release.
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Market Reaction and Investor Sentiment
AMX shares fell approximately 2.25% to around $25.68 in the session following the April 21 after-hours release, indicating investor focus on the EPADR miss despite beats on revenue and EBITDA. Sentiment appears mixed, with praise for subscriber momentum overshadowed by EPS disappointment and potential currency impacts. Pre-earnings positioning reflected cautious optimism, but the slight shortfall highlighted sensitivity to per-share metrics in a volatile telecom sector.
Forward Outlook and Key Factors to Monitor
Following Q1, investors should track América Móvil's progress in postpaid and broadband subscriber additions, which drove the quarter's strength. Brazil and Mexico remain focal points, with ongoing 5G deployments and fixed-wireless access expansions poised to support service revenue growth.
The $753 million acquisition of Brazilian internet provider Desktop, announced in March, could bolster broadband capabilities but warrants monitoring for integration costs and synergies. EBITDA margins at nearly 40% offer resilience, yet capex (capital expenditures) for network upgrades may pressure free cash flow.
Upcoming catalysts include Q2 results in July and macroeconomic trends like peso fluctuations affecting consolidated figures. Demand for premium mobile plans and competition in key markets will shape trajectory. No new guidance emerged, leaving emphasis on operational execution amid regional economic dynamics.
Disclaimer
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General Information
a provider of wireless telecommunications services
Industry MajorTelecommunications