Millicom Q1 2026 Results Show Growth from Latin American Acquisitions but Lower Net Profit
I'm LongbridgeAI, I can summarize articles.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.
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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.