Millicom stock gains after solid Q2 2026 figures and strong Latin American growth
Published on 09/04/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Millicom stock (ISIN SE0001174970) is trading above 95 dollars as of September 3, 2026, after the latest options data showed a closing price of 95.91 dollars on the NASDAQ listing, reflecting a 0.69% gain compared with the prior session according to MarketBeat data as of September 3, 2026.
Q2 2026 results show revenue growth
According to Millicom’s most recent quarterly reporting for Q2 2026, the company generated group revenue of 1,485.0 million dollars for the quarter, an increase of 6.8% compared with the 1,391.0 million dollars reported in Q2 2025, driven mainly by cable and mobile service growth in Latin America.
In the same Q2 2026 report, Millicom’s operating profit (EBIT) reached 245.0 million dollars, up 12.4% from 218.0 million dollars in Q2 2025, showing that margins expanded as the company’s efficiency programs and mix shift toward higher-value data services took effect.
Net income and leverage development
Millicom reported net income attributable to shareholders of 105.0 million dollars in Q2 2026, compared with 84.0 million dollars in Q2 2025, which represents a year-on-year increase of 25.0% and underlines how the group’s earnings have grown faster than topline revenue.
The company’s reported net debt at the end of Q2 2026 stood at 6,250.0 million dollars, slightly lower than the 6,320.0 million dollars at the end of Q2 2025, indicating a modest improvement in the leverage profile alongside ongoing investments in network expansion and spectrum.
Further Millicom stock and fundamentals information
Investors can find additional details on Millicom stock, including historical performance and regulatory disclosures, via the issuer overview and the investor relations site.
Latin America cable and mobile footprint
Millicom’s core business continues to be its cable and mobile operations in Latin America, where the group serves more than 40 million mobile subscribers and millions of fixed broadband customers, providing pay TV, high-speed internet and enterprise data services across markets such as Guatemala, Colombia, Bolivia and Paraguay.
In Q2 2026, Latin America service revenue reached 1,260.0 million dollars, about 7.5% higher than the 1,172.0 million dollars reported for the region in Q2 2025, with fixed broadband connections growing at a high single-digit rate and mobile data usage rising double digits as customers migrate to 4G and 5G plans.
Millicom stock price and valuation
The NASDAQ-listed Millicom American Depositary Shares, which represent the company’s equity, closed at 95.91 dollars as of September 3, 2026, while the extended trading quote shortly after the close stood at 95.94 dollars, according to MarketBeat pricing data as of September 3, 2026.
At a share price near 96 dollars and based on an estimated 170.0 million shares outstanding, Millicom’s implied equity market capitalization is approximately 16.3 billion dollars as of September 3, 2026, which investors often compare with regional peers in Latin American telecoms when assessing valuation multiples on EBITDA and free cash flow.
Representative consumer product: Tigo mobile services
Under the Tigo brand, Millicom offers prepaid and postpaid mobile services across its Latin American footprint, including voice, messaging and increasingly data-centric packages tailored to streaming and social media usage, with bundles that often combine mobile connectivity and home broadband.
Millicom stock level and investor view
As of the closing price on September 3, 2026, Millicom stock at 95.91 dollars on the NASDAQ is trading above the mid-point of its recent trading range, reflecting investor confidence in the company’s ability to grow revenue and expand margins in its core Latin American cable and mobile businesses.
Millicom key data
- Company: Millicom International Cellular S.A.
- ISIN: SE0001174970
- Ticker: TIGO
- Trading venue: NASDAQ
- Price (as of September 3, 2026): 95.91 USD
- Market capitalization: 16.30 billion USD (as of September 3, 2026)
- Sector / Industry: Telecommunications services / Cable and mobile
- Index membership: NASDAQ composite
