America Movil grows revenue 3.10 percent: what it means for America Movil stock

Published on 10/02/2026 at 02:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income rose 9.20 percent year over year in the second quarter of 2026. For America Movil stock this means MXN 48 billion in capital spending.

AMX, US02364W1053, Illustration mit AI erstellt.

America Movil (US02364W1053) grew second-quarter revenue 3.10 percent year over year to MXN 241 billion, while net income increased 9.20 percent to MXN 24 billion. The company reported these results in its second-quarter 2026 earnings call on July 22, 2026, according to Yahoo Finance.

Revenue growth remains positive

The operating picture strengthened beyond the headline revenue figure. Service revenue rose 3.40 percent year over year, while EBITDA increased 3.80 percent in Mexican peso terms, according to the earnings-call transcript published by Yahoo Finance.

At constant exchange rates, service revenue advanced 5.10 percent and EBITDA rose 5.30 percent. Operating profit reached MXN 51.8 billion and increased 9.50 percent year over year, giving investors a clearer view of underlying operating progress than the consolidated revenue number alone.

Investment stays high

America Movil spent MXN 48 billion on capital expenditures in the first half of 2026, while share buybacks totaled MXN 4.6 billion. The company also reported MXN 402 billion in net debt excluding capitalized lease obligations at the end of June, equal to 1.31 times last-twelve-month EBITDA after leases, according to Yahoo Finance.

The figures show a company balancing network investment with capital returns. That balance matters because management described broadband expansion and customer additions as key growth areas while competition remained intense in Brazil.

Analysts keep a positive view

MarketBeat reported on September 21, 2026, that nine analysts had assigned America Movil a Moderate Buy consensus. The average 12-month price target was USD 29.52, compared with a USD 22.45 opening price cited in the same report.

The analyst picture is not uniform. MarketBeat said JPMorgan upgraded America Movil from Neutral to Overweight and raised its target from USD 30.00 to USD 32.00 in a report dated August 18, 2026, while Santander raised its rating to Outperform on August 13, 2026.

What the figures mean for America Movil stock

The second-quarter comparison points to measured expansion rather than a single-market surge: revenue grew 3.10 percent, service revenue rose 3.40 percent, and net income advanced 9.20 percent. For investors, the stronger profit growth relative to revenue makes cost control and cash generation central to the stock story.

Market value and trading range

MarketBeat listed America Movil at a USD 67.5 billion market capitalization on September 21, 2026, with a 52-week range of USD 19.70 to USD 28.46. The company operates telecommunications businesses across Latin America, the United States and Europe, giving regional subscriber trends a direct effect on group results.