Millicom stock extends its 2026 rally after Q2 results
Published on 08/21/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Millicom International Cellular S.A. (SE0001174970) closed at $88.75 on August 19, 2026, up 1.79% for the session and 60.1% from the start of 2026. The move comes after second-quarter 2026 results and a $1.50 per-share interim dividend that is scheduled to be paid in two installments in early 2027.
Q2 numbers still matter
Millicom reported revenue of $1.99 billion in the second quarter of 2026 and earnings per share of $0.97, while analysts had expected $0.89 for EPS. The same earnings overview said the company started 2026 at $55.44 per share, making the $88.75 close a gain of 60.1% by August 19, 2026.
The valuation picture also stayed tight. Market data on August 20, 2026 put the share price at $88.75, the market cap at $15.00 billion, the 52-week range at $44.38 to $107.13, and the P/E ratio at 22.41.
Dividend changes the frame
The $1.50 interim dividend has become a central part of the Millicom story because it sits beside the Q2 2026 operating update rather than replacing it. That matters for investors comparing the stock with other telecom names, where cash returns and earnings growth often drive different valuation outcomes.
Millicom's full-year 2025 sales were $5.82 billion, net income was $1.32 billion, and return on equity was 18.39% in the same market-data set. Against that backdrop, the 2026 rerating has come with both a higher share price and a richer capital-return profile.
More on Millicom's businesses
Millicom operates mobile, cable broadband, digital TV and enterprise services across Latin America, with Tigo Money and business connectivity adding to the mix. Those service lines give the company multiple ways to turn network investment into revenue, especially where bundled consumer and enterprise offerings support higher usage.
Shares near the top of the range
The stock ended its latest quoted session at $88.75, which leaves it below the 52-week high of $107.13 but far above the 52-week low of $44.38. The latest consensus view in the same market-data set showed a Hold rating and an average price target of $85.68.
### Fact box
Company: Millicom International Cellular S.A.
ISIN: SE0001174970
Ticker: TIGO
Exchange: Nasdaq
Price (as of August 19, 2026, 4:00 p.m. ET): $88.75 USD
Market cap: $15.00 billion (as of August 20, 2026)
Sector / Industry: Communication Services / Integrated Telecommunication Services
Index membership: Not specified
Next earnings date: November 5, 2026
Investor Relations
Further details on Millicom's reporting and capital-return program are available from its investor materials, including the latest quarterly context and dividend framework.
