---
title: "Millicom Q1 2026 Results Show Growth from Latin American Acquisitions but Lower Net Profit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286402630.md"
description: "Millicom International Cellular S.A. reported Q1 2026 results showing revenue growth to $1.99 billion, driven by acquisitions in Colombia, Uruguay, and Ecuador. However, net profit fell to $75 million due to higher financial expenses. Total assets increased to $20.75 billion, indicating a larger but more leveraged position. Analysts rate TIGO stock as a Sell with a $51.20 target, while Spark's AI Analyst suggests an Outperform rating, citing improved profitability but elevated debt risks. Millicom focuses on mobile and digital services in Latin America, targeting high-growth markets."
datetime: "2026-05-14T10:53:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286402630.md)
  - [en](https://longbridge.com/en/news/286402630.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286402630.md)
---

# Millicom Q1 2026 Results Show Growth from Latin American Acquisitions but Lower Net Profit

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An announcement from Millicom International Cellular SA ( (TIGO) ) is now available.

Millicom International Cellular S.A. reported unaudited results for the three-month period ended March 31, 2026, showing a sharp increase in scale due to the full consolidation of Colombia’s Coltel from February 6, 2026, and prior acquisitions in Uruguay and Ecuador. First-quarter revenue rose to $1.99 billion from $1.37 billion a year earlier, while operating profit held broadly stable at $416 million versus $421 million, but higher financial expenses reduced profit before tax to $154 million from $287 million and net profit to $75 million from $219 million.

Profit attributable to Millicom’s shareholders reached $109 million, helped by improved exchange differences and cash flow hedge valuations that lifted total comprehensive income to $100 million, even as non-controlling interests swung to a loss. The expanded consolidation base drove total assets up to $20.75 billion from $17.25 billion at year-end 2025 and pushed debt and lease liabilities higher, signaling a more leveraged but larger regional footprint that could enhance long-term market positioning while increasing balance-sheet risk for investors and creditors.

The most recent analyst rating on (TIGO) stock is a Sell with a $51.20 price target. To see the full list of analyst forecasts on Millicom International Cellular SA stock, see the TIGO Stock Forecast page.

**Spark’s Take on TIGO Stock**

According to Spark, TipRanks’ AI Analyst, TIGO is a Outperform.

The score is driven primarily by improved profitability and solid cash generation, tempered by elevated leverage and rising debt risk. Valuation is notably supportive (low P/E and high yield), while technicals suggest near-term softness within a still-positive longer-term trend. Earnings call commentary is constructive with reiterated cash flow and deleveraging targets, but near-term integration costs and CapEx/spectrum outlays remain key risks.

To see Spark’s full report on TIGO stock, click here.

**More about Millicom International Cellular SA**

Millicom International Cellular S.A. is a telecommunications and cable operator focused on mobile, fixed-line, and digital services across Latin America. Through its Tigo-branded operations and recent acquisitions in Colombia, Uruguay, and Ecuador, the company targets high-growth emerging markets with bundled connectivity and content offerings.

**Average Trading Volume:** 1,425,362

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $13.43B

For a thorough assessment of TIGO stock, go to TipRanks’ Stock Analysis page.

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