Millicom International Cellular Q3 2026 Revenue Tops Estimates at $2.28B, but EPS Misses at $0.58

Millicom International Cellular (TIGO) posted mixed third-quarter 2026 results, with revenue above the estimate and adjusted EPS below it. Revenue was $2.28 billion, up 60% from a year earlier, above the $2.23 billion estimate, and adjusted EPS was $0.58, down 50% from a year earlier, below the $0.98 estimate.

Shares rose 6.8% in premarket trading as of 9:11 a.m. ET, to $82.31 from a $77.09 close.

Q3 2026 scorecard

By our calculation, revenue was $48.7 million above the estimate and adjusted EPS was $0.40 below it. The QoQ column compares with the previous quarter's revenue of $2.18 billion and adjusted EPS of $0.64. The YoY column compares with $1.42 billion and $1.16 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 4 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 4 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $1.42 billion, $1.65 billion, $1.99 billion, $2.18 billion and $2.28 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.04 and revenue of $2.29 billion next quarter, based on 1 analyst.
• Next report. Millicom International Cellular is next expected to report on Feb. 25, 2027.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 60% increase to $2.28 billion.
• Related coverage. See our reports on TIC Solutions, Marex, Ivanhoe Electric and DXP Enterprises.

Sources: Results are from Millicom International Cellular's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Millicom International Cellular's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.