AMX

América Móvil added 3.1 million postpaid subscribers in the third quarter. Free cash flow increased 41% year over year.

América Móvil, S.A.B. de C.V. ( AMX ) Q3 2026 Earnings Call October 21, 2026 11:00 AM EDT Company Participants Daniela Lecuona - Head of Investor Relations Daniel Hajj Aboumrad - MD, CEO & Director Carlos Jose Garcia Moreno Elizondo - Chief Financial Officer Oscar Von Hauske Solís - Chief Fixed Line Operations Officer, Chief Information Security Officer & Director Conference Call Participants Marcelo Santos - JPMorgan Chase & Co, Research Division Phani Kumar Kanumuri - HSBC Global Investment Research Walter Piecyk - LightShed Partners, LLC Gustavo Farias - UBS Investment Bank, Research Division Rogério Araújo - BofA Securities, Research Division Jesus Romo David-Mickael Lopes - New Street Research LLP Ernesto Gonzalez - Morgan Stanley, Research Division Emilio Fuentes De Leon - GBM Grupo Bursátil Mexicano, S.A.

America Movil NYSE: AMX reported third-quarter revenue of MXN 251 billion, up 7.6% from a year earlier, as growth in mobile postpaid and fixed broadband services helped offset prepaid subscriber disconnections tied largely to customer-base cleanups in Mexico and Colombia.

Amer Movil (AMX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.4 per share a year ago.

I issue a "Buy" rating on América Móvil, citing a forward mid-single-digit shareholder yield and anticipated Q3 2026 outperformance. AMX is potentially shifting from inorganic expansion and deleveraging toward capital returns, judging by the recent acceleration in buybacks. Strong momentum in Mexico and Brazil, plus first-mover 5G advantage in Colombia, support my above-consensus EBITDA growth forecast for Q3 2026.

Amer Movil (AMX) reported earnings 30 days ago. What's next for the stock?

America Movil's 11.1% slide contrasts with firm postpaid and broadband growth, while Brazil competition and FX pressure cloud the outlook.

America Movil pairs postpaid and broadband growth with healthy cash generation, but its premium valuation raises the bar for execution.

America Movil faces staggered prepaid registration deadlines through Dec. 31, clouding subscriber trends as postpaid and service revenues grow.

Amer Movil (AMX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.