América Móvil stock trades at USD 22.30 as earnings near

Published on 10/06/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

América Móvil stock was trading at USD 22.30 on October 6, 2026, after a 0.70 percent daily gain. Second-quarter net income rose 9.2 percent to MXN 24.332 billion.

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América Móvil stock was trading at USD 22.30 on the NYSE on October 6, 2026, up 0.70 percent from the prior close of USD 22.15. The next confirmed earnings date is October 20, 2026, after the market closes, according to Stock Analysis.

Second-quarter growth reaches the bottom line

América Móvil reported second-quarter 2026 consolidated revenue of MXN 241.071 billion, an increase of 3.1 percent from the year-earlier quarter. Net income reached MXN 24.332 billion, up 9.2 percent year over year, according to Mexico Business.

The profit increase outpaced revenue growth, while operating profit rose 9.5 percent to MXN 51.814 billion. At constant exchange rates, service revenue increased 5.1 percent and EBITDA advanced 5.3 percent in the same quarter, giving the earnings comparison more weight than the headline sales growth.

Network spending supports subscriber growth

América Móvil invested MXN 48.1 billion in capital expenditure during the first half of 2026 and generated MXN 43 billion in free cash flow, compared with MXN 20.1 billion in the year-earlier period, Mexico Business reported. The company ended June with 334.3 million mobile subscribers and 80.2 million fixed-line revenue-generating units.

Postpaid mobile subscribers grew 9.1 percent year over year, while fixed broadband accesses increased 6.1 percent. That combination points to continued demand for higher-value connectivity, but the capital program also keeps cash allocation and leverage central to the next results update.

Analysts see room above the current price

The analyst consensus is Buy, based on 14 analysts, with an average price target of USD 29.44, according to Stock Analysis. The target stands USD 7.14 above the October 6 price, while the stock's 52-week range is USD 19.70 to USD 28.46.

For investors, the October 20 earnings date is the next concrete test of whether subscriber growth and margin expansion can continue alongside network investment.