America Movil stock weighs mobile growth against forecast miss
Published on 11/11/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMobile Growth Meets Estimate Pressure
- Third-quarter revenue rose 7.6 percent, while net profit increased 7 percent year over year.
- Postpaid additions and broadband expansion supported growth, but prepaid disconnections and missed forecasts remain investor concerns.
- The completed Desktop acquisition strengthens America Movil's broadband expansion in Brazil.
America Movil reported stronger third-quarter operating performance on October 20, 2026, but its results fell short of analyst expectations. In a Reuters report carried by Fidelity, the Mexican telecommunications group posted net profit of 24.28 billion Mexican pesos, up 7 percent from the year-earlier quarter. Revenue increased 7.6 percent to 250.63 billion Mexican pesos.
The earnings growth was not enough to meet the forecasts compiled by LSEG. Analysts had expected dollar-denominated net profit of 1.51 billion dollars and revenue of 14.05 billion dollars, compared with the reported figures of 1.34 billion dollars and 13.86 billion dollars respectively.
Postpaid Demand Supports Expansion
Mobile services remained the main operating driver. Mobile service revenue rose 6.3 percent from a year earlier, while America Movil added 3.1 million net postpaid subscribers. Brazil led the additions, supporting the company's wider focus on higher-value customer relationships.
The subscriber mix also showed a countervailing effect. America Movil recorded 5 million net prepaid disconnections, mainly in Mexico and Colombia. The company said the reductions reflected customer-base cleanups, which makes the headline subscriber movement less comparable with ordinary churn.
Fixed broadband added another growth pillar. The group connected 390,000 new broadband accesses during the quarter, with Brazil, Colombia and Argentina among the main contributors. The combination of postpaid growth and broadband additions supports revenue quality, although the forecast miss leaves investors focused on the pace at which operating gains translate into earnings.
Desktop Adds A Brazilian Broadband Angle
America Movil completed its acquisition of Brazilian broadband provider Desktop in early October. The transaction expands the group's presence in a market where postpaid and fixed-line demand were already important contributors to the quarter. It also gives the company an additional route to bundle mobile and broadband services.
The broader competitive backdrop is becoming more demanding. Televisa is moving ahead with its acquisition of AT&T's Mexico unit, a transaction that could create a larger rival in Mexico's telecommunications market. For America Movil, the development raises the importance of customer retention, network investment and disciplined integration of the Desktop business.
America Movil stock traded at 23.00 euros on Lang & Schwarz at 16:35 CET on Tuesday, November 10, 2026. The quote provides a current trading reference, while the earnings miss and the completed Brazilian acquisition remain the central factors for investors assessing the shares.
America Movil Company Facts
- Company: America Movil
- ISIN: US02390A1016
- Ticker: AMX
- Latest quote: 23.00 euros on Lang & Schwarz, November 10, 2026, 16:35 CET
- Third-quarter revenue: 250.63 billion Mexican pesos, up 7.6 percent year over year
- Third-quarter net profit: 24.28 billion Mexican pesos, up 7 percent year over year
The broader US equity market remains the relevant market frame for investors following S&P 500 developments alongside company-specific results.
