
Millicom International Cellular NASDAQ: TIGO reported record adjusted EBITDA and higher cash flow for the third quarter of 2026, as growth in mobile services and cost controls helped offset a decline in home customers.
Millicom International Cellular SA offers mobile and cable services in Latin America and Africa. The company is headquartered in Luxembourg.
| Revenue (TTM) | $7.25B |
| Gross Profit (TTM) | $5.55B |
| EBITDA | $3.10B |
| Operating Margin | 20.70% |
| Return on Equity | 21.70% |
| Return on Assets | 5.87% |
| Revenue/Share (TTM) | $43.33 |
| Book Value | $21.78 |
| Price-to-Book | 5.94 |
| Price-to-Sales (TTM) | 1.93 |
| EV/Revenue | 2.994 |
| EV/EBITDA | 6.70 |
| Quarterly Earnings Growth (YoY) | -84.00% |
| Quarterly Revenue Growth (YoY) | 59.40% |
| Shares Outstanding | $167.71M |
| Float | $90.05M |
| % Insiders | 46.07% |
| % Institutions | 48.77% |
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Millicom International Cellular NASDAQ: TIGO reported record adjusted EBITDA and higher cash flow for the third quarter of 2026, as growth in mobile services and cost controls helped offset a decline in home customers.

Millicom International Cellular SA (TIGO) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.34 per share a year ago.

Millicom (Tigo) Q3 2026 Earnings Release Luxembourg, November 5, 2026 – Millicom is pleased to announce its third quarter 2026 results. Please find below links to the Q3 2026 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements Q3 2026 Highlights* Revenue $2.28 billion, up 60.8% year-on-year and 4.8% organically Operating profit $600 million, and Adjusted EBITDA of $1.09 billion, up 57.7% year-on-year Net profit attributable to company owners of $98 million Equity free cash flow of $316 million, up 27.1% year-on-year Leverage decreased to 2.53x including the acquisitions in Colombia, Ecuador and Uruguay Following the AGM, we established a May-to-May dividend cycle of $0.75 per share per quarter and subsequently increased the January and April 2027 dividend payments by an additional $0.75 per share.

The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. KDDIY, TIGO and SFTBY are well-positioned to capitalize on the demand for seamless connectivity solutions.

MU, EQNR, PR, SHEL and TIGO have been added to the Zacks Rank #1 (Strong Buy) List on October 7th, 2026.

PAGP, TIGO, SHEL made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 7th, 2026.

Five dividend stocks go ex-dividend within the next three trading days, but their yields tell only part of the story. The coverage behind those payouts ranges from rock-solid to genuinely alarming, and the clock is already running.

Millicom International Cellular (TIGO) delivered a strong Q2, with adjusted EBITDA surpassing $1 billion and record equity free cash flow, prompting a guidance raise. Recent acquisitions, especially Coltel in Colombia, are already accretive to equity free cash flow and integration is ahead of plan across key markets. Management increased full-year equity free cash flow guidance by over 20% and improved the leverage target, supporting a $4.50 per share AGM-to-AGM dividend.

Millicom International Cellular NASDAQ: TIGO reported second-quarter 2026 service revenue of $2 billion, up 5.4% organically year over year and 60.1% on a reported basis, as its prepaid-to-postpaid migration strategy, pricing actions and recent acquisitions supported growth. Adjusted EBITDA reached a company record of $1 billion, while equity free cash flow rose more than 50% from a year earlier to a record $327 million.

Millicom International Cellular S.A. (TIGO) Q2 2026 Earnings Call Transcript
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