America Movil stock reports 3.1 percent Q2 revenue growth

Published on 10/05/2026 at 23:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

America Movil stock posted MXN 24 billion in Q2 net income, up 9.2 percent from a year earlier. A nine-analyst consensus sets a USD 29.52 target.

AMX, US02390A1016, Illustration mit AI erstellt.

America Movil (ISIN US02390A1016) was last at USD 22.15 on the NYSE on October 5, 2026, up 4.04 percent from the prior session. In the second quarter of 2026, revenue rose 3.1 percent year over year to MXN 241 billion, according to Yahoo Finance on July 22, 2026.

Q2 profit grows faster

America Movil's Q2 2026 net income reached MXN 24 billion, an increase of 9.2 percent from the year-earlier quarter. The result equaled USD 0.47 per ADR, while operating profit climbed 9.5 percent to MXN 51.8 billion, Yahoo Finance reported from the company's earnings call.

The operating mix gives the figures more weight. Service revenue increased 3.4 percent and EBITDA grew 3.8 percent in Mexican peso terms during Q2 2026, while service revenue growth reached 5.1 percent at constant exchange rates.

Growth faces competitive pressure

Management's Q2 commentary pointed to stronger competition and promotional activity in Brazil, creating a counterweight to the improving operating figures. America Movil also added 3.5 million postpaid subscribers and connected 531,000 new broadband accesses in the quarter, according to Yahoo Finance.

Capital allocation remains tied to network investment and balance-sheet discipline. First-half 2026 capital expenditures totaled MXN 48 billion, while net debt excluding capitalized leases stood at MXN 402 billion at the end of June, equal to 1.31 times trailing twelve-month EBITDA.

Consensus target stays higher

MarketBeat reported on September 21, 2026, that nine analysts gave America Movil a Moderate Buy consensus, comprising four buy ratings, four holds and one strong buy. The average 12-month price target was USD 29.52, which lies 33.3 percent above the USD 22.15 reference price.

The valuation gap matters because the stock's USD 22.15 level was 22.2 percent below its 52-week high of USD 28.46 on October 5, 2026. The same session's 52-week low was USD 19.70, placing the share closer to the lower end of its annual range than to its high.

AMX stock stays below its yearly high

America Movil was last at USD 22.15 on the NYSE at 4:00 p.m. ET on October 5, 2026, with a market capitalization of USD 66.5 billion and volume of 4,950,324 shares. The 4.04 percent daily gain contrasts with the remaining 22.2 percent gap to the 52-week high.