Millicom stock gains 3.27 percent as cash flow hits a record

Published on 10/05/2026 at 18:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Millicom stock stood at USD 91.21 on October 5, 2026, while seven analysts held a Hold consensus and an average target of USD 85.68. Q2 revenue reached USD 2.18 billion.

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Millicom stock (ISIN LU0038705702) was trading at USD 91.21 on Nasdaq at 12:11 p.m. ET on October 5, 2026, up 3.27 percent from the previous close. The company’s second-quarter report delivered a sharp contrast: revenue reached USD 2.18 billion, up 59.4 percent year over year, while net profit attributable to company owners fell 83.9 percent to USD 109 million, according to ScanX on September 17, 2026.

Cash flow sets the tone

Millicom generated a quarterly record of USD 327 million in equity free cash flow in Q2 2026, an increase of more than 50 percent from the prior year. Adjusted EBITDA reached USD 1.01 billion, up 58 percent year over year, giving the cash-flow result more weight than the weaker bottom line.

The operating picture is less uniform beneath the reported growth. Organic revenue increased 4.3 percent in Q2 2026, versus the 59.4 percent reported increase, showing that acquisitions accounted for a substantial share of the expansion, as Yahoo Finance reported on October 4, 2026.

Analysts see a lower target

MarketBeat reported on October 3, 2026, that seven research firms held a consensus Hold rating, with three Buy ratings, three Hold ratings and one Sell rating. Their average 12-month price target was USD 85.68, which was USD 5.53 below Millicom stock’s USD 91.21 intraday price on October 5, 2026, a gap of 6.1 percent.

The range of published views remains wide. JPMorgan reaffirmed a Neutral rating and raised its price objective from USD 100.00 to USD 105.00 on August 18, 2026, while UBS previously increased its target from USD 90.00 to USD 100.00, according to MarketBeat.

Revenue growth meets profit pressure

The central investor question is whether Millicom can convert acquisition-led revenue growth into durable earnings. Q2 net profit of USD 109 million stood against USD 676 million in the prior-year quarter, even as adjusted EBITDA exceeded USD 1 billion, according to Yahoo Finance.

Millicom’s next earnings date is listed as November 5, 2026, by Makkler. That date gives the market a defined checkpoint for testing whether the cash-flow record is becoming a repeatable operating trend.

Millicom stock holds a wide range

Millicom stock was trading at USD 91.21 on Nasdaq on October 5, 2026, with a session range of USD 87.36 to USD 91.33. Its 52-week range was USD 44.88 to USD 107.13, while market capitalization stood at USD 15.3 billion and volume reached 239,388 shares.