The strong operational momentum across postpaid mobile and fixed broadband, combined with deleveraging and increased free cash flow, supports a positive outlook. Watch for the Desktop acquisition closing and its contribution to Brazil fixed-line growth, as well as the impact of prepaid subscriber registration in Mexico on future prepaid revenue trends.
Price Chart
Executive Summary
America Movil reported solid Q3 2026 results with total revenue up 7.6% YoY to 251 billion Mexican pesos, EBITDA up 8.9% to 102 billion pesos, and net income up 7.0% to 24.3 billion pesos. The company added 3.1 million postpaid subscribers and 390k broadband accesses, while net debt/EBITDAaL improved to 1.21x from 1.52x at year-end 2025. The filing also notes the acquisition of a 72.83% stake in Desktop in Brazil to strengthen fiber footprint.
Key Facts
- Q3 2026 total revenue of 251 billion Mexican pesos, up 7.6% YoY
- EBITDA of 102 billion pesos, up 8.9% YoY; EBITDA margin 40.8%
- Net income of 24.3 billion pesos, up 7.0% YoY
- 3.1 million postpaid net additions in the quarter
- 390k new broadband accesses added
- Net debt/EBITDAaL improved to 1.21x from 1.52x at Dec 2025
- Free cash flow of 75 billion pesos in 9M 2026, up from 53 billion in 9M 2025
- Acquisition of 72.83% interest in Desktop in Brazil announced October 1, 2026
Financial Impact
Revenue +7.6% YoY, EBITDA +8.9% YoY, Net Income +7.0% YoY; net debt reduced by 34 billion pesos in 9M 2026
Risk Factors
- Foreign exchange losses of 3.6 billion pesos in Q3 vs gains of 6.3 billion a year ago, increasing comprehensive financing costs 75%
- Prepaid subscriber cleanups in Mexico and Colombia resulted in 5.0 million net disconnections
- Regulatory prepaid registration process in Mexico may pressure prepaid revenue growth
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001140361-26-040507 |
| Document: 0001140361-26-040507-index-headers.html | 0001140361-26-040507 |
| Document: 0001140361-26-040507-index.html | 0001140361-26-040507 |
| Document: 0001140361-26-040507.txt | 0001140361-26-040507 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 6-K | $24.57 $24.18 | ▼ −1.59% | ▼ −2.30% | $24.07 (−2.06%) |
Aug 7, 2026 11w ago | Institutional Cluster | $23.75 $23.89 | ▲ +0.59% | ▲ +0.62% | $24.07 (+1.33%) |
Jul 23, 2026 13w ago | 6-K | $25.95 $26.01 | ▲ +0.23% | ▲ +0.13% | $24.07 (−7.26%) |
Jul 21, 2026 14w ago | 6-K | $26.09 $26.12 | ▲ +0.12% | ▲ +0.23% | $24.07 (−7.76%) |
Jun 11, 2026 19w ago | Institutional Cluster | $27.66 $27.75 | ▲ +0.33% | ▼ −0.22% | $24.07 (−13.00%) |
US Market Status
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