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This article first appeared on GuruFocus. - Revenue: MXN251 billion, up 7.6% year-on-year. - EBITDA Margin: 40.8%, up 0.5 percentage points year-on-year. - Service Revenue (constant FX): Up 5.3% year-on-year; EBITDA up 6.7% at constant exchange rates. - Mobile Service Revenue: Up 6.3% year-on-year; postpaid service revenue up 7.5% and prepaid revenue up 4.3% at constant FX. - Fixed-Line Revenue: Growth accelerated to 3.7% from 2.7% in the prior quarter. - Operating Profit: MXN57 billion, up 13.9% year-on-year. - Net Profit: MXN34 million in the quarter, up 7% year-on-year; year-to-date net income of MXN72 billion. - Net Interest Expense: Down 11.2% year-on-year; comprehensive financing cost rose on MXN3.6 billion in FX losses. - Capital Expenditures: MXN76 billion for the nine months to September, fully funded by cash flow. - Free Cash Flow: 41% higher than in 2025. - Net Debt: MXN400 billion excluding leases; 1.21x net debt to EBITDA after leases, down from 1.5x at end-2025; reduced by MXN34 billion in cash flow terms. - Shareholder Returns: MXN27 billion distributed via share buybacks and dividends. - Postpaid Subscribers: 3.1 million net additions, led by Brazil (743,000), Colombia (348,000), Peru (229,000), Mexico (144,000) and Argentina (126,000). - Prepaid Subscribers: 5 million net disconnections on subscriber cleanups in Mexico and Colombia, partly offset by 745,000 net gains in Eastern Europe, Argentina, Central America and Ecuador. - Broadband Accesses: 390,000 net additions, led by Brazil (94,000), Colombia (67,000) and Argentina (53,000). - Pay TV: 50,000 net additions, mostly from Eastern Europe and Central America. - Customer Growth Drivers: Mobile postpaid up 8.9% and fixed broadband accesses up 5.6% year-on-year. - Warning! 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Release Date: October 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - America Movil SAB de CV (NYSE:AMX) added 3.1 million postpaid subscribers in Q3 2026, with Brazil leading at 743,000 additions. - Service revenue grew 5.3% year-on-year at constant exchange rates, with EBITDA growing faster at 6.7%. - EBITDA margin expanded by 0.5 percentage points to 40.8%, driven by cost efficiencies and operating leverage. - Net debt to EBITDA improved to 1.21 times from 1.5 times at the end of 2025, supported by strong free cash flow. - Postpaid ARPU growth in Mexico has accelerated continuously over the last three years, reflecting successful upselling and migration from prepaid. - Prepaid subscriber base declined by 5 million net disconnections, primarily due to subscriber cleanups in Mexico and Colombia. - Prepaid service revenue growth decelerated in Mexico, partly due to the regulatory-mandated subscriber registration process. - Comprehensive financing cost increased due to foreign exchange losses of MXN 3.6 billion, compared to gains in the prior year. - Mexican broadband net additions were significantly lower than previous quarters due to customer base cleanup. - Competitive pressures remain high in Brazil, with aggressive promotions in broadband and TV from fiber ISPs, and uncertainty in mobile pricing. Q: What is the outlook for M&A and share buybacks following the Investor Day guidance? A: CFO Carlos Garcia Moreno stated that the company intends to maintain a leverage ratio of 1.2 to 1.5 times, which accommodates both share buybacks and M&A. Immediate M&A items include the consolidation of a Peruvian asset (valued around MXN 4 billion) expected to close just after year-end, and a dividend payment of approximately MXN 17 billion in the coming weeks. Beyond the pending acquisition in Peru (awaiting regulatory approval likely in the second half of the year) and a potential deal in Colombia by year-end, there is no other M&A pipeline. Q: Why did Mexican broadband net additions slow this quarter while revenue growth accelerated? A: CFO Carlos Garcia Moreno explained that the company cleaned up its subscriber base by disconnecting non-paying or non-consuming customers, which reduced net adds. However, revenue increased because the company upgraded speeds across the customer base to be more competitive and focused on upselling. CEO Daniel Hajj added that 94% of customers are already connected with fiber. Q: How is the competitive landscape in Argentina evolving, particularly with the new operator following the Telefonica-Telecom merger? A: CEO Daniel Hajj noted that Argentina had a very good quarter, driven by long-term investments in a strong 5G network, broadband, and corporate data centers. Regarding the merger remedies, he mentioned a new company called Metrotel will move 6 million subscribers (as an MVNO) and 200,000 broadband subscribers over 18 months. He remains confident in America Movil's ability to grow given its quality networks, spectrum, and distribution. Q: What is the expected impact of Televisa acquiring AT&T's assets in Mexico? A: CEO Daniel Hajj stated it is difficult to predict Televisa's strategy, but acknowledged AT&T was a strong competitor and expects Televisa to be one as well. He emphasized that America Movil will continue focusing on what it does best: maintaining the best network, investing in 5G coverage, leveraging the Telcel brand, and utilizing its extensive customer care centers and distribution channels. Q: How are currency movements affecting CapEx, and what is the guidance for the coming year? A: CEO Daniel Hajj explained that CapEx is given to subsidiaries in dollars, so recent currency movements have resulted in lower CapEx in pesos this year. He confirmed the overall CapEx budget remains around $7 billion (plus or minus 5%) and expects a similar level for next year, with no major changes anticipated. Q: Is the competitive environment in Brazil stabilizing, and how should investors view convergent service revenue? A: CEO Daniel Hajj noted that while there is intense competition in Brazil across mobile, broadband, and TV, mobile promotions are stabilizing somewhat, though Q4 remains uncertain due to the holiday season. He highlighted growth in broadband (90,000 adds) and the recent acquisition of Desktop, which brings 4.8 million homes passed and significant cross-selling opportunities. CFO Carlos Garcia Moreno clarified that there have been no changes in how fixed-line revenues are allocated between broadband, pay-TV, and voice. Q: What is the pricing strategy for Brazil, particularly regarding prepaid and the NuCel MVNO? A: CEO Daniel Hajj explained that increasing prepaid card prices is difficult, so the company often removes promotions or reduces card validity to effectively raise prices. For postpaid, pricing strategy for next year is still undecided due to inflation and competitive pressures. Regarding NuCel, they have autonomy over their pricing within their agreement, but if they reduce prices, America Movil's costs will not necessarily decrease. Q: What is driving the strong postpaid growth in Mexico, and how is the prepaid registration mandate affecting the business? A: CEO Daniel Hajj attributed postpaid growth to customers upgrading to better plans, migration from prepaid to postpaid, and increased data usage on the 5G network. CFO Carlos Garcia Moreno added that postpaid ARPU growth has been accelerating for three years. On prepaid, the CEO noted that net disconnections are partly due to the regulatory mandate requiring number registration, which is an ongoing process until December. He expects a short-term slowdown in prepaid revenue but a mid-term recovery. Q: What is driving the strong performance in Colombia? A: CEO Daniel Hajj stated that Colombia's performance is driven by a focus on network quality, customer retention, and upselling. He noted that America Movil was the first to launch 5G in Colombia and has the largest 5G network, which provides a competitive advantage. The market has stabilized since WOM's aggressive entry five years ago. Q: What is driving the strong results in smaller markets like Peru, Ecuador, and Central America? A: CEO Daniel Hajj highlighted Ecuador's improving economy and successful fiber strategy, as well as outstanding results in Central America across all countries. CFO Carlos Garcia Moreno provided figures, noting Central America's service revenue grew 11.4% and EBITDA grew 16.1% in the quarter. The CEO also mentioned that the company is deploying AI platforms to improve customer service and reduce costs in call centers and network maintenance. Q: Does America Movil expect to receive permission to offer bundled fixed and mobile services in Mexico? A: CEO Daniel Hajj expressed hope that the government will allow America Movil to offer all services, stating there is no reason not to. He emphasized that while bundling is important, success also requires good coverage, networks, distribution, and customer care. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Wednesday, Oct. 21, 2026 - Head of Investor Relations - Daniela Lecuona Torras - Chief Executive Officer - Daniel Hajj Aboumrad - Chief Financial Officer - Carlos Jose Garcia Moreno Elizondo - Chief Operating Officer - Oscar Von Hauske Solís Operator: Good morning. My name is Caleb, and I will be your conference operator today. At this time, I would like to welcome everyone to the America Movil Third quarter 2026 conference call and Webcast. All lines have been placed on mute to prevent background noise. After this speaker's remarks, there will be a question and answer session. Simply press star followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press star 1 again. Thank you. I will now turn the call over to miss Daniela Lecuona, head of investor relations. Daniela Lecuona Torras: Good morning, everyone. Thank you so much for joining us today to discuss our third quarter financial and operating results. We have on the line, Mr. Daniel Hajj, CEO; Mr. Carlos Garcia Moreno, CFO; and Mr. Oscar Von Hauske, COO. Daniel Hajj Aboumrad: Thanks, Daniela. Welcome, everyone. Thanks for being here in the third quarter of 2026 conference call. Carlos is going to make a summary of the results. Carlos Jose Garcia Moreno Elizondo: Thank you, Daniela. Good morning, everyone. Well, we had the third quarter with all prices. Oil prices rising to a new peak in mid September for as long as per barrel of WTI crude. Long term inflation expectations were duly affected, pushing up to the top. With the yield on 10-year treasury notes accelerating its gains from the low, but These factors, together with a particularly strong nonfarm payrolls report for that month, that exceeded expectations. With the main drivers of the Fed's decision on September 16, to increase its policy rate by 25-basis-points. The higher rates in the US supported a recovery of the dollar versus some currencies in our region of operations. The Mexican peso gave up in September. All the gains it had posted versus the dollar in the first 2 months of the quarter, to end the period down approximately 2.1%. The Colombian peso managed to gain 3% in spite of this, while the Brazilian real and the euro remained practically unchanged over the quarter. In the third quarter, we added 3.1 million postpaid subscribers roughly the average of the prior 4 quarters. Brazil led the way with 343 thousand Telecom and 43 thousand. Colombia followed with 348 thousand Peru with 229 thousand Mexico with 144 thousand and Argentina with 126 thousand subscribers. In the prepaid segment, we recorded 5 million net disconnections primarily reflecting subscriber based cleanups in Mexico and Colombia. Notwithstanding the cleanups, we managed to post net prepaid subscriber gains in Eastern Europe, Argentina, Central America, Ecuador, that totaled 745 thousand subscribers. In the fixed line segment, we connected 390 thousand new broadband accesses. Brazil was the main contributor with 94 thousand additions, followed by Colombia with 67 thousand and Argentina with 63 thousand. Pay TV net additions totaled 50 thousand units, with Eastern Europe and Central America accounting for most of the growth. Mobile postpaid and fixed broadband accesses remain the main drivers of customer growth. Increasing 8.9%, 5.6%, respectively, compared to the year earlier quarter. América Móvil third quarter revenue totaled MXN 251 billion, 7.6% year on year increase, with EBITDA reaching a 40.8% margin. 0.5 percentage points increase from a year before. A constant exchange rate the service revenue was up 5.3% and EBITDA 6.7%. EBITDA continued to grow faster than service revenue. Service revenue growth resulted from mobile service revenue increasing 6.3%, very much in line with the pace of the service prior to 3.7% from 2.7% in the prior quarter. The mobile platform, postpaid service revenue increased 7.5% year on year, at constant exchange rates also very similar to that of the prior 4.3%. Slightly less rapidly than the pace of the preceding quarter, but very much in line with the prior quarters. Postpaid revenue growth accelerated in Mexico, Brazil, and Colombia to 8%, 8.5%, and 12%, respectively. Growth rates in Chile and Peru also moved up 11.5% and 7.5%, respectively. Operating profit for prepaid service revenue growth was generated in Mexico, partly reflecting the subscriber registration process mandated by the regulator, as well as in Brazil and Austria, but accelerated in Eastern Europe, Central America, the Caribbean, and the. Operating profit totaled ARS 57 billion, up 13.9% from the year earlier quarter. Outpacing EBITDA growth as depreciation and amortization charges rose only 3%. Although net interest expenses were down 11.2% year on year, our comprehensive financing cost increased as a result of foreign exchange losses of 3.6 billion pesos in the period compared to foreign exchange gains in the prior year. We posted a net profit of MXN 24 million in the quarter, 7% higher than in the year-earlier quarter bringing our year to date net income to 72 billion. In the 9 months to September, our capital expenditures totaled 676 billion pesos. They were fully funded by our cash flow, which also enabled us to reduce net debt, in cash flow terms by MXN 34 billion distribute MXN 27 billion to our shareholders by way of share buybacks and dividends. Our labor obligations came down by MXN 15 billion in the quarter. Our free cash flow was 41% higher than that of 2025, which in turn had been 47% greater than that of the year before. And which year of the customer went to the reduction of our network. Such that at the end of the quarter, our net debt stood at MXN 400 billion excluding leases. It was equivalent to 1.21x net debt to EBITDA after leases down from 1.51x at the end of 2025. So, with this,, I will pass the floor back to Daniela so that we can begin the Q&A session. Daniel Hajj Aboumrad: Thank you. Thank you, Carlos. And we can start with the Q&A. Operator: At this time, I would like to remind everyone in order to ask a question, please press star then the number 1 on your telephone keypad. Your first question comes from the line of Marcelo Santos with JPMorgan. Line is open. Please go ahead. Marcelo Santos: Hi. Good morning. Thanks for taking my questions. I think the first question I wanted to approach is the M&A pipeline and outlook for buybacks. It think in the Investor Day in New York, you mentioned that was a priority. I want to know how is that pipeline if there is room to increase in buybacks, you know, we have been increasing so far, but I wanted to get a better feeling about the outlook there. And the second question is about Mexican broadband. I think there are a couple of different moving parts. I mean, this was a quarter where you. The net adds were much lower than in previous quarters, so I just wanted to understand what is happening there. But at the same time, the revenue growth was much stronger than in previous quarters. So just want to understand the. These moving parts in Mexican broadband. Thank you very much. Carlos Jose Garcia Moreno Elizondo: Yes, thank you, Marcelo. you were mentioning the Investor Day where we provided guidance, well, on for the period 2026 to 2028. Right? Here, what we stated a leverage ratio that we intended to remain within, which was 1.5 to 1.4x, 1.2x to 1.5x, which is basically where we have been And we said this had also to accommodate the share buyback with the with all the distributions. Plus the M&A. In this quarter, we are going to have an important, amount that we have to collect in the M&A front, which is the consolidation of desktop. As you know, we valued that, we have announced, started at BRL 1.4 billion that although we still have not completed the tender offer, but should be completed probably just after the turn of the year. But for the most part, that most of that BRL 4 billion will be accounted for in the last quarter. And then also we have the last payment of dividends, which will take place in a couple of weeks, 2-3 weeks. Which is in the neighborhood of 17 billion pesos. Okay. So those are the things that we have in the immediate, in the immediate time, not the immediate period. But as I said, the guidance that we provided is, for the-- for the next, for the overall, for the next 2 years as well. And we do not have anything more in the M&A pipeline, other than the acquisition in Peru that is waiting for regulatory approval likely to be received until the second half of the year. And we do not have anything else on M&A. Daniel Hajj Aboumrad: On Colombia. On Colombia, we think that it could be at the end of this year. So, and on the Mexico broadband, Oscar can talk a little bit more, but I can tell you that we have been growing well the last quarters. And what we did this last quarter, we cleaned a little bit also our base. People who follow us know, not consuming, not paying, or not consuming, and we cleaned it up. So that is the reason why revenues are increasing and net adds are not as previous quarters. Oscar Von Hauske Solís: I do not know what is going on. It is what he is saying, I will add that we increase the speed of all the customer base. To be more competitive in the market. And we are focused more in churn as well and upselling the customer base that is why we had a good increase in revenues and we have. What percentage of already in fiber? 94% of the customers are already connected with fiber. Marcelo Santos: Okay. Okay. Very clear. Thanks very much. Operator: Thank you, sir. Thank you, sir. Your next question comes from the line of Phani Kumar Kanumuri with HSBC. Your line is open. Please go ahead. Phani Kumar Kanumuri: Thanks for taking my questions. The first question is on Argentina. You seem to have a very strong momentum there. But also, there is a new operator now that telecom Argentina has divested assets. So how are you seeing the competitive scenario there, and what do you expect from this new competition in Argentina? The second question is more accounting related. In your cash flow statements, I observed that your taxes that you paid this year are lower than last year in the first 9 months. Could you please specify what is driving it? Are you seeing better realization from these taxes? Thank you. Daniel Hajj Aboumrad: Talking a little bit about Argentina. Well, yes, I think it was a very good quarter for Argentina. We have been investing for a long time. We have a very good 5G network. We have also a lot of broadband. The telephonic and telecom has merged. I think, they already approved it, but they have been we know that since maybe 1 year. So I think it is a good market. The economy is improving. Things are going well with us. We are taking at advantage on that. So we have good quality, good networks, good distribution. A very good data center for corporate businesses, and that is the reason why we are growing there. Okay. Carlos Jose Garcia Moreno Elizondo: And on the question of the taxes paid, they basically have to do, you know, partly with some monies that we received back from the tax authorities in some countries, like, out of Mexico. Partly something having to do with some limited measures that we have done. And then something having to do basically with the cash flow during the year, how much you pay for the year besides how much you pay in the annual amount? So whenever you have paid it, too much, during the year, based on the formula that we have in different countries, and I think this is the most important thing, Then at the moment that you present your annual returns, then you basically get some credit back. Okay? So that is. It basically has to do with that. Daniel Hajj Aboumrad: And adding a little bit more in Argentina, so we are. there is the. They approved the merge, and the remedies, we understand that there is a newco called Metrotel. They are going to move 6 million subscribers. there is only there is not gonna be a new network. it is like an. I think it is going to be like an MVNO. 200 thousand broadband subscribers, and they have to do it in 18 months. So well, there is a lot of things going on in Argentina, but we are well-prepared to still grow and that we are good in corporate business. We have a very good fiber network, doing well in broadband and in 5G and the spectrum and the network also quality, we are doing okay. So let's see what is going to happen. Yeah. Phani Kumar Kanumuri: Thanks for answering my questions. Operator: Thank you. Your next question comes from the line of Walter Piecyk with LightShed. Your line is open. Please go ahead. Walter Piecyk: Thanks. What do you guys expect Televisa to do differently after they buy. Or if they complete the purchase of the AT&T assets in Mexico. Daniel Hajj Aboumrad: Well, difficult to say. I think AT&T was a stronger competitor to a lot of things. Well, it is 1 of the biggest companies in the US. And do a lot of things in Mexico. I think Televisa is also gonna be a strong competitor. We think that is what is going to happen. But at the end of the day, we need to do what we have been doing for a long time. We need to have a vision. Telcel is a very strong brand in Mexico. So all of that, we need to follow that and still do what we have been doing. We do not know exactly what they are going to do, what they are going to change,, or what is going to be their strategy. Let's see what is going to happen when they authorize and take the operation of the company. But as I told you, AT&T used to be. Was a-- is a strong competitor. And I am sure that Televisa is going to be also a strong competitor. So we still need to do what we have been doing reinforce our investment, train our people, more salespeople, more distributors, all of that. We have to still focus on that and do what we have been doing for the last years. Walter Piecyk: And then, I guess, Carlos, on CapEx, I think in the past, you have cited currency moves having an impact on CapEx. But given the more recent currency move, of the dollar recovering, does that give you more room to change CapEx there? Or is $7 billion the number? Or, like, how do you-- what type of moves, I guess, in currency do you see having an impact? See. Yeah. Go ahead. I am sorry. Daniel Hajj Aboumrad: No. Sorry. What you see this year, Steve, we have a less CapEx, and it is exactly because what you are saying. We give CapEx in dollars to the subsidiaries and then the movement of the currencies make that we have less CapEx in pesos. So at this time, we do not need to move the CapEx, to do more. Some countries are exceeding a little bit their budgets. Other ones, they are not exceeding. So we, all overall, we said $7 billion, 5% plus or 5% less,, and it is where we are. And I think for next year, we are going to have the same, $7 billion, something like that. And we are still making. I do not know if we need to do a little bit more or a little bit less. We have not finished our budget, but no major changes in CapEx. So that is what we have been doing. what we-- okay-- project for next year. Walter Piecyk: Great. Thanks, Daniela. Appreciate it. Operator: Thank you. Just a reminder, if you would like to ask a question, please press star then the number 1 on your telephone keypad. Your next question comes from the line of Gustavo Farias with UBS. Your line is open. Please go ahead. Gustavo Farias: Hi, everyone. Thanks for taking my questions. So 2 on my end, on Brazil competition, So we have seen Brazil mobile trends, improving this quarter. Do you believe the competitive environment is stabilizing or promotional pressures are still increasing? And my second 1 on Convergent Offers, In Brazil, we have seen mobile service revenue accelerating. But fixed service revenue has slowed down. So, my question is, as convergence becomes more relevant do you believe investors should focus more on the total service revenue and not, maybe, only on Or more focused on mobile service revenue alone. Thank you. Daniel Hajj Aboumrad: Well, let's talk a little bit. In Brazil, we have a lot of competition. that is no doubt. there is a lot of competitors. There are different competitors in mobile, and we have other competitors in broadband, fiber, TV, So it is a lot of competition there. So if you are telling. I think in mobile, we are stabilizing a little bit the promotions but we do not know what is going to happen on the third in the fourth quarter. No? it is coming Christmas and all of that. So we do not know what is going to happen. I do not know what the competitors are going to do, but I think all of them want to have a long term view, only. So maybe they have promotions, but there will be some promotions, not reducing price for a year, no, or 2 years. So let. Let's see what we are going to get in the fourth quarter in promotions. But that is what it is in the broadband business and the TV business, there is a lot. As you know, there is a lot of companies with fiber. They call them fibreros or ISPs in Brazil. So we are growing good. We grew 90 thousand broadband subscribers. that is good for us. And maybe we have more promotions that we used to do, but those promotions should have some time, and then the revenue will come later. We are working very hard because we are just taking desktop on October 1. So I think we have a lot of synergies. And we are going to have also good synergies on the commercial side, where we can sell to these customers other products that we have and to some postpaid or mobile customers that we have, we can sell also where we have fiber this new. because Desktop has around 4.8 million home passes and made more than half of that. We are not in those greenfield for us. Exactly. So we are going to have a lot of opportunities there, and it is what we are focusing. So these next 6 months, we want to integrate the company and take advantage as much as possible to all these desktop subscribers that we have and to the mobile that we. where we do not have a footprint of fiber. To give and offer them fiber to them. No? Carlos Jose Garcia Moreno Elizondo: And just a comment. We have not made any changes in the allocation of fixed line revenues as the different services. Okay. So you know, between broadband and the pay TV and voice, have not made any changes in the way we allocate those Alright. Gustavo Farias: Very clear. Thank you, guys. Operator: Thank you. Your next question comes from the line of Rogério Araújo with Bank of America. Your line is open. Please go ahead. Rogério Araújo: Hi, guys. Thanks a lot for the opportunity. I have a follow-up on the Brazilian market regarding pricing outlook, And also NuCel's autonomy. Given the limited front book price increases this year, how do you see the pricing outlook for next year? And if you could be more specific on unlimited WhatsApp and prepaid as well, We noticed that Vivo and then TIM, they took it out from their plans if Claro could follow, and then if there is any expectation of prepaid price increase after several years of flattish prices. And, also, if you could, there was a little bit on the strategy for pricing of NuCel, if they have full autonomy or if Claro participates in those decisions. And what to expect for looking into 2027. Thank you so much. Daniel Hajj Aboumrad: The first 1, NuCel, I think we have an agreement with them. And they can do whatever they want to do inside this agreement. Okay? But now they can decide their prices alone. But if they do let's say, if they reduce the price, I do not think we are gonna reduce the cost. So they have. They are going to manage their price on the area that they can do it. So that is what the agreement that we have with NuCel. I think they are doing good. They have a good customer base, and they are still growing and doing good as an MVNO. So NuCel is doing okay. On the promotions on WhatsApp and prepaid promotions. it is. Sometimes it is very difficult to increase the price of the card. So what I think it is better if you want to increase the prices to take out some promotions, and that is what we do on the WhatsApp inside the card. So you take promotions, and it is a little bit increasing the price. So I think that is more or less the way we do things in prepaid because if you sell at BRL 100 a car, it is difficult to do it at BRL 103. So it is not so easy. You can do it, but it is not so easy. So sometimes it is better I am not saying that always. Sometimes it is better to reduce the duration. The-- Go ahead.-- reduce the time of the card. So that is the way to increase price or to take out some promotions or increase the. change the card, no? Or take out some gigas or add. So there is a lot of things And in postpaid, well, you can increase that. I do not know. I can lie to you if I can tell you what is going to be our price strategy next year. Of course, there is inflation in Brazil. Costs are increasing, but I do not know if we are going to be allowed. Allowed means competition to increase or not increase price. So still, we have not disclosed that. And that we are we are. We. By. We are sure that costs and. Are increasing but we do not know if still. If we are gonna increase or when we are gonna increase prices or take out some promotion. So that is what we have. What I can tell you is that the promotions in broadband are high. And we are going to still and we will remain competitive and do what we need to do to be competitive in all the segments in Brazil. So that is what we do and what we are going to do this year and next year. Okay. Rogério Araújo: that is very clear. If I may, 1 follow-up on the agreement with NuCel that you mentioned. You mentioned the cost if they reduce price, not necessarily their cost will reduce. But is this cost with Claro increases by inflation on an annual basis or any other rate? Is there automatic inflation pass through on those costs? Daniel Hajj Aboumrad: I do not remember the agreement but I do not remember the agreement that we have with NuCel. But I do not I do not know if it is set inflation or if it is for 2 years. I do not know. I do not remember really the agreement that we have with them. Rogério Araújo: Okay. No worries. Fair enough. Thanks very much, and congratulations on the results. Operator: Thank you. Thank you very much. Your next question comes from the line of Jesus Roma with Global Data. Line is open. Please go ahead. Jesus Roma: Hello, good morning. Congratulations on the results, and thank you for taking my questions. I have a couple of questions about the dynamics of postpaid and prepaid in Mexico, and I wonder if you could add more color. The first 1 is regarding postpaid. I see that you are. You had a substantial growth in net adds, over 140 thousand which is 1 of the best quarters lately. And 8% increase in postpaid, revenue. I wondered if you could add some color on what are the dynamics that are pushing postpaid forward in terms of both subscriptions and revenue,, if it is related to IoT, to renewals,, or if clients are demanding more data. And on prepaid, just to clarify if part of the net losses that you posted for this quarter are related to the prepaid registration mandate in Mexico. Thank you. Daniel Hajj Aboumrad: Well, we are talking about postpaid. I think in postpaid, we are doing an excellent job. I can tell you that on the customers that are coming to renew their plan in our customer care centers, are moving. Half of them are moving to a better plan. That a good ARPU, and that is the reason why revenues are increasing. We have a source of revenue is new customers, but other source of revenue is that the customers are jumping to a new plan and that is. And it is better for them better for us. The second is the migration from prepaid to postpaid. We are having more, and since the registration of the of the number, I think more people are coming from prepaid to postpaid. And people are using also more from 4G to 5G. So I think we are the only ones who have a very good 5G and coverage network in Mexico. And that is what you are seeing. So that is more or less what we have in postpaid. And in prepaid, well, we have disconnections, and there are disconnections that sometimes it is people that only use 1 time. They take the card and move it. So those are people that we are disconnecting, and we still are in the process of registering all the numbers. it is every 15 days it is a new number that people has to register until the end of December, and, well, it is still a long way to go there. But, yes, people are. Some people are not-- people that are consuming also do not want to register. But, well, that is what we have there. And I think at the beginning, we are going to have a little bit of reduction on the prepaid revenues, but in the mid run, I think it is going to recover. So that is what we have. So people are taking more time to register their number. But at the end of the day, I hope and I do not think that people are going to stay without the phone or without connected because of the registration. So it is gonna take time. Maybe in the short term, we can have, like, a slowdown a little bit on the revenues on prepaid, but in the mid- and long-term, then we are going to recuperate that. So that is what-- that is the way I am seeing things. Okay? In the other side, on postpaid, are going very well and people are consuming and upselling and doing good. Carlos Jose Garcia Moreno Elizondo: Just to add to what Daniel is saying, the. Our ARPU postpaid ARPU growth in Mexico in the quarter, is the highest that for the last 3 years at least, we are seeing continuous acceleration of postpaid ARPU growth which is quite significant. Yeah. Thank you. Jesus Roma: Thank you. 1 follow-up, if I may. Regarding postpaid, I understand that these are mostly like consumer trends. But do you see that the corporate or the B2B side of the operation is also helping the postpaid revenue in this year. Daniel Hajj Aboumrad: Yes. We are having more and more corporate. The corporate is helping a lot on the fixed on all these data center cloud and all these services is growing very well this quarter on the fixed side. And also, is doing good in mobile. So we are-- Yes. Yes. As you are asking, yes. it is been good, the corporate customers. Jesus Roma: Excellent. Thank you. Operator: Thank you. Your next question comes from the line of David Lopez with New Street Research. Line is open. Please go ahead. David Lopez: Hi. Thanks for the opportunity, and congrats on your results. Just 1 question on Colombia, please. it is another very strong quarter for Colombia. Was wondering if you can comment on what is working well there I will also comment on the ARPU growth this quarter. And how sustainable this kind of performance is in Colombia. Thank you. Daniel Hajj Aboumrad: Well, in Colombia, yes. If we go back 5 years ago, When WOM entered, they do crazy promotions. With a lot of data that hurts all the market, but well, that passed and we have been. Since that, we have been growing and we have been doing well. We do-- And we focus, as we are focusing in Mexico. A good network, good customer retention. Good upselling. We have a lot of upselling there very good upselling. And 1 of the things that we have is we have the biggest 5G network, because they launched the-- well, they set-- They sell the spectrum, and we did. We started to do 5G since the beginning, so we do not have to wait to do the network. We already do invest in the 5G network. So we were the first the starters in Colombia in the market, and that is helping us. that is the reason we have a very good coverage We have a good network, and we are growing also very, very, very good. So that is what you are seeing in Colombia. David Lopez: Very clear. Thank you. And maybe a quick follow-up. While you mentioned spectrum, what is the next big auction coming in your main market, please? Daniel Hajj Aboumrad: Where? In which country? David Lopez: Across your markets, which 1 will be the largest 1 coming? Daniel Hajj Aboumrad: I think we have. I do not remember exactly, but I think we have something in Honduras or for the end of this end of this year, to do 5G, but nothing I do not remember any other auction. Okay. Thank you very much. We do not need it. We do not need it at this time. So you are good. Very clear. David Lopez: Thanks. Operator: Your next question comes from the line of Ernesto Gonzalez with Morgan Stanley. Ernesto Gonzalez: Hi. Thank you for taking our question. Just talking about the smaller markets, you also delivered strong results in Peru. and Ecuador? Anything to call out here or in any of the other markets we did not discuss? Thank you. Daniel Hajj Aboumrad: Oh, I think. Well, I think we are doing very good in Ecuador. Ecuador is growing well. We have a strategy on quad-play. We are doing fiber. It cost us a lot of time to understand the fixed business in Ecuador. But I think we have been having, like, maybe 2 years of doing well,, increasing our fiber footprint, taking good customers, giving TV. So all of that is working well. And the economy of Ecuador is also improving. that is why we have a very good increase in the--postpaid--sorry, prepaid ARPU also increasing revenues. So things are going better in the economy. And we are doing better in fixed and in mobile, starting also in corporate customers there. So while Ecuador has been doing well. All of Central America, we have outstanding results in Central America. Growing in all the countries, moving a lot more on fixed, moving into 5 g, All of Central America is doing well. Reducing a lot of costs and expenses All these small countries, we are really. Not the small countries. that is something that we have not talked about is that we have been improving a lot in cost and efficiencies with some of AI platforms that we think are very convenient for us. So we are understanding more our customer and doing a lot of more things on the cost call centers, cost side, all of that. So we are having, like, a big strategy and cost control with all AI platforms and, you know, on the team can talk a little bit on that. Oscar Von Hauske Solís: Oh, as you mentioned, we are focused on agents and helping us to reduce cost. And we are more focused on customer interactions and some part of the network that has helped this to reduce cost in call centers and maintenance in the network. Daniel Hajj Aboumrad: So And contact the customer faster and solve the problem faster on the. On the. Let's say, in the broadband AI is helping us to go faster to solve the problem, to attend to our customers. All of these things we are improving,, and we have like, a 3-year plan to improve every day on all of these areas. So that is Peru is also doing good. We have more competition, but Peru is also doing good. We have the third operator that is very aggressive in pricing. But we have convergence. We have all of that, and we hope that we can close our company that we bought and consolidate it as soon as possible in Peru also. Carlos Jose Garcia Moreno Elizondo: And what Daniel was saying on Central America, just to give you an idea. Revenue growth. Service revenue growth in Central America in the quarter was 11.4%. And EBITDA growth, again, the region was 16.1%. Okay. So Central America, which is a collection of small countries, as you say, but as a block, it is a very significant block. It is doing extremely well. And, you know, there is a matter of having very stable currencies and very resilient growth. Daniel Hajj Aboumrad: Yep. Ernesto Gonzalez: Good. Really clear. Thank you. Operator: Thank you. Your next question comes from the line of Emilio Fuentes with GBM. Your line is open. Please go ahead. Emilio Fuentes: Hi. Thank you for taking my question. My question is regarding the potential Televisa acquisition of AT&T. there is been rumorscircling around about how Televisa could bundle both its current fixed services with AT&T's mobile services Related to this, do you expect to receive permission to also offer both fixed and mobile services bundled in Mexico. Thank you. Daniel Hajj Aboumrad: Well, I think, yeah, it is a it is a. They already have. They are going to have all the services and I hope the government will allow us to do all the services also. So I am-- I think they should do it. No? there is no reason not to do it. And as I told you-- to repeat, no. And as I told you again, I think strategies are okay, but then you have to have a lot of more things on not only a bundle strategy, then you have to have good coverage, good networks, good distribution. Customer care centers. You have to have a lot of things And, well, that is something that we have been working, and we are going to still work on that. No? Thank you again. Operator: Thank you. We have reached the end of the Q&A session. I will now turn the call back over to Ms. Daniela Lecuona for final remarks. Daniel Hajj Aboumrad: I just want to thank everyone for being in the call. Thank you very much. Thank you all. Okay. Thanks. Operator: This concludes today's conference call. You may now disconnect. Before you buy stock in América MóvilB. De C.v., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and América MóvilB. De C.v. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $370,440!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,330,110!* Now, it's worth noting Stock Advisor's total average return is 924% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of October 21, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. América Móvil (AMX) Q3 2026 Earnings Call Transcript was originally published by The Motley Fool

- Interested in America Movil, S.A.B. de C.V. Unsponsored ADR? Here are five stocks we like better. - Third-quarter results improved: Revenue rose 7.6% year over year to MXN 251 billion, while EBITDA increased 6.7% at constant exchange rates and net profit grew 7% to MXN 24 billion. - Postpaid and broadband drove growth: América Móvil added 3.1 million postpaid subscribers and 390,000 fixed-broadband customers, offsetting a 5 million prepaid decline largely caused by customer-base cleanups in Mexico and Colombia. - Cash flow strengthened the balance sheet: The company fully funded MXN 76 billion of year-to-date capital expenditures with cash flow, reduced net debt by MXN 34 billion, and lowered leverage to 1.21 times EBITDA after leases while maintaining plans for roughly $7 billion in 2026 capital spending. - América Móvil Stock Has Nowhere to go but Higher America Movil (NYSE:AMX) reported third-quarter revenue of MXN 251 billion, up 7.6% from a year earlier, as growth in mobile postpaid and fixed broadband services helped offset prepaid subscriber disconnections tied largely to customer-base cleanups in Mexico and Colombia. EBITDA reached a 40.8% margin, improving by 0.5 percentage points year over year. At constant exchange rates, service revenue rose 5.3% and EBITDA increased 6.7%, according to CFO Carlos García Moreno. Mobile service revenue increased 6.3%, while fixed-line revenue growth accelerated to 3.7% from 2.7% in the preceding quarter. → The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway Net profit totaled MXN 24 billion, up 7% year over year, bringing nine-month net income to MXN 72 billion. Operating profit increased 13.9% to MXN 57 billion, aided by depreciation and amortization charges that rose only 3%. The company said an 11.2% decline in net interest expense was partly offset by foreign-exchange losses of MXN 3.6 billion, compared with foreign-exchange gains in the prior-year period. The company added 3.1 million postpaid subscribers during the quarter, roughly in line with the average of the previous four quarters. Brazil led additions with 743,000 customers, followed by Colombia with 348,000, Peru with 229,000, Mexico with 144,000 and Argentina with 126,000. → Tesla's Roadster Reveal Hints at 2 Much Bigger Moves Prepaid subscriptions declined by 5 million, primarily because of customer-base cleanups in Mexico and Colombia. Still, America Movil recorded combined prepaid net additions of 745,000 in Eastern Europe, Argentina, Central America and Ecuador. Fixed broadband net additions were 390,000, led by Brazil with 94,000, Colombia with 67,000 and Argentina with 53,000. Pay-TV net additions totaled 50,000, with Eastern Europe and Central America responsible for most of the growth. Year over year, postpaid mobile accesses increased 8.9% and fixed broadband accesses rose 5.6%. → Luxury's Middle Market Is Cracking—These 3 Stocks Could Win In Mexico, CEO Daniel Hajj said postpaid performance has benefited from customers moving to higher-value plans and from migration from prepaid to postpaid plans. He said roughly half of customers renewing plans at the company's service centers are selecting better plans. García Moreno added that postpaid average revenue per user growth in Mexico has shown continued acceleration over at least the past three years. Hajj said Mexico's prepaid registration mandate has contributed to disconnections and could weigh on prepaid revenue in the short term. However, he said the company expects customers ultimately to register rather than remain disconnected, allowing the business to recover over the medium and long term. Management said lower broadband net additions in Mexico reflected a cleanup of customers who were not paying or consuming services. The move helped support stronger revenue growth, García Moreno said. COO Oscar Von Hauske Solís said the company also increased connection speeds across its customer base, while focusing on churn reduction and upselling. He said 94% of the company's Mexican broadband customers are connected through fiber. Hajj said the company expects Televisa to be a strong competitor if it completes its acquisition of AT&T's Mexican assets, but said America Movil would continue to focus on network investment, 5G coverage, customer service and distribution. He added that the company hopes Mexican authorities will permit it to offer bundled fixed and mobile services, as competitors would be able to do. In Brazil, Hajj said mobile promotions have shown some stabilization, although the company remains cautious heading into the fourth-quarter holiday period. He said promotional activity remains elevated in broadband and television, where numerous fiber internet service providers compete. The company added about 90,000 broadband subscribers in Brazil and began integrating Desktop on Oct. 1. Hajj said Desktop has about 4.8 million homes passed, more than half of them in areas where America Movil previously did not have a fiber footprint. Management expects commercial and operational synergies as it offers additional products to Desktop customers and fiber service to existing mobile subscribers. Hajj said capital expenditures are expected to remain near $7 billion next year, with potential variation of about 5% above or below that level. Currency movements have reduced reported capital spending in pesos this year because the company allocates capital-expenditure budgets to subsidiaries in dollars, he said. For the first nine months, capital expenditures totaled MXN 76 billion and were fully funded by cash flow. The company reduced net debt in cash-flow terms by MXN 34 billion and returned MXN 27 billion to shareholders through buybacks and dividends. Free cash flow was 41% higher than in 2025, according to García Moreno. Net debt excluding leases stood at MXN 400 billion at quarter-end, equivalent to 1.21 times EBITDA after leases, down from 1.50 times at the end of 2025. Management reiterated its target leverage range of 1.2 to 1.5 times and said it must accommodate buybacks, dividends and acquisitions within that framework. García Moreno cited the planned consolidation of VTR, valued at BRL 4 billion, as a near-term use of capital, along with a remaining dividend payment of about MXN 17 billion. He also said the company is awaiting regulatory approval for an acquisition in Peru and expects a transaction in Colombia potentially by year-end. Elsewhere, Hajj highlighted Argentina's improving economy, the company's 5G network and corporate capabilities. In Colombia, he cited 5G coverage, customer retention and upselling as drivers of growth. Central America posted 11.4% service-revenue growth and 16.1% EBITDA growth in the quarter, García Moreno said. Management also said it is using artificial intelligence tools to improve customer interactions, call-center operations and network maintenance, with the aim of reducing costs and resolving customer issues more quickly. América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers. América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "America Movil Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

Amer Movil (AMX) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.17%. A quarter ago, it was expected that this telecommunications company would post earnings of $0.52 per share when it actually produced earnings of $0.47, delivering a surprise of -9.62%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Amer Movil, which belongs to the Zacks Wireless Non-US industry, posted revenues of $14.53 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $12.51 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amer Movil shares have added about 10.5% since the beginning of the year versus the S&P 500's gain of 12.4%. While Amer Movil has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amer Movil was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.48 on $14.97 billion in revenues for the coming quarter and $1.90 on $57.18 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Non-US is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Ceragon Networks (CRNT), has yet to report results for the quarter ended September 2026. This provider of wireless backhaul services is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Ceragon Networks' revenues are expected to be $93.5 million, up 9.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Ceragon Networks Ltd. (CRNT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A month has gone by since the last earnings report for Amer Movil (AMX). Shares have lost about 9.8% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Amer Movil due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. America Movil reported net income per ADR of 47 cents for the second quarter of 2026, up from 38 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate of 52 cents. Net income in the quarter was Mex$24,332 million, or Mex$ 0.40 per share, compared with Mex$22,282 million, or Mex$0.37 per share, in the year-ago quarter. The company's comprehensive financing cost was Mex$10,423 million, up 34.8% from the year-ago quarter’s Mex$7,729 million. Total quarterly revenues rose 3.1% to Mex$241,071 million, driven by rapid momentum across the Service and Equipment segments. Service revenues were Mex$205,919 million, up 3.4% year over year. Equipment revenues totaled Mex$33,433 million, rising 1.6%. America Movil gained 3.5 million postpaid subscribers in the second quarter. Brazil drove most of the postpaid growth with 1.5 million additions, followed by Colombia with 250 thousand, Peru with 191 thousand, Argentina with 154 thousand and Mexico with 101 thousand. However, the prepaid business saw 3.7 million net subscriber losses as it streamlined its customer base in Colombia and Argentina. On the fixed-line, Broadband and Television platforms, the company ended the quarter with 80.2 million revenue-generating units. The telco operates in multiple regions, namely Mexico, Brazil, Colombia, Peru, Ecuador, Argentina, Central America & the Caribbean, Austria & Eastern Europe and the Southern Cone. Argentina’s revenue increased 8.6% year over year to ARS 999,073 million, backed by a 9.3% rise in service revenue. Wireless service revenue growth accelerated to 12% on stronger postpaid and prepaid trends, while fixed-line service revenue slipped 1.5% amid competitive pressures and promotional campaigns. The data for Argentina are reported under IAS29, reflecting the effects of inflationary accounting, as the Argentine economy is "deemed” to be hyperinflationary for the second quarter of 2026. Management also stated that Argentina would be excluded from all comparisons of consolidated data at constant exchange rates to ensure consistency. Brazil’s revenue increased 5.4% year over year to BRL 13.5 billion, driven by a 5.3% rise in service revenue. Mobile service revenue grew 6.1%, led by 7.1% postpaid growth, while fixed-line service revenue rose to 4.1%, supported by strong Pay TV, corporate networks and broadband performance despite a highly competitive environment. Revenues from Austria, Peru, Mexico, the Southern Cone and Central America and the Caribbean witnessed year-over-year growth of 4.2%, 8.1%, 3.2%, 9.6% and 7.6%, respectively. Revenues from Colombia and Ecuador gained 5.8% and 9%, respectively. Total costs and expenses were Mex$145,164 million, up 2.7% from the year-ago quarter. Overall, earnings before interest, taxes, depreciation and amortization (EBITDA) increased 3.8% to Mex$95,908 million. The EBITDA margin came in at 39.8% compared with 39.5% in the year-ago quarter. The company’s operating profit rose 9.5% to Mex$51,814 million. As of June 30, 2026, America Movil had Mex$74,732 million in cash, marketable securities and other short-term investments with Mex$393,519 million of long-term debt. It turns out, estimates revision have trended upward during the past month. The consensus estimate has shifted 7.14% due to these changes. Currently, Amer Movil has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock was allocated a score of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, Amer Movil has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Dolby Laboratories, Inc. DLB reported third-quarter fiscal 2026 non-GAAP earnings of 69 cents per share, down 11.5% year over year but above the Zacks Consensus Estimate of 67 cents by 2.99%. Lower-than-expected operating expenses helped offset softer revenues and higher taxes. Revenues of $305 million fell 3.3% year over year and missed the consensus mark of $314 million by 2.79%. Licensing remained the core business at 93% of sales, while better-than-expected Dolby Atmos, Dolby Vision and imaging patent revenues were offset by deal timing and weaker foundational audio. In the past year, shares have lost 24.5% compared with the Zacks Audio Video Production industry’s decline of 5.1%. Image Source: Zacks Investment Research Licensing revenues declined 2.6% year over year to $282.35 million. Broadcast fell 4.2% to $106.58 million, mobile declined 9.4% to $51.01 million and PC decreased 15.6% to $28.34 million. Timing of minimum volume commitments and lower recoveries weighed on these areas. Consumer electronics increased 12.2% to $31.51 million, primarily on recoveries, while other licensing revenue rose 7.0% to $64.91 million. Dolby Cinema and Atmos adoption in automobiles supported licensing revenue, partly offset by lower gaming-console unit shipments and imaging-patent revenue. Products and services revenue fell 11.7% to $22.64 million because cinema-product sales declined. Meta joined the video distribution program covering Facebook, Instagram and WhatsApp, while Alibaba signed for video operations spanning e-commerce, entertainment and digital media. The patent pool had 45 licensors after roughly a year, and management said the growing roster is helping advance discussions with other large streamers. Dolby OptiView secured a multiyear agreement with Roberts Communications Network for ultra-low-latency horse-racing streams. Google certified OptiView Ads for its Ad Manager partner program. Dolby also announced partnerships with more than 40 carmakers, up from over 20 at fiscal 2025-end. Android Auto added Atmos support with partners including BMW, Genesis, Mahindra, Mercedes, Renault and Skoda. GAAP gross profit declined 2.5% to $264.68 million, but gross margin rose to 86.8% from 86.0% as cost of revenue fell faster than sales. Products and services gross margin improved to 22% from 13%. Within services, lower Dolby Cinema warranty and maintenance costs supported margin performance. GAAP operating expenses increased 2.9% to $230.36 million. General and administrative expenses rose 4.5% to $75.59 million, mainly on litigation and patent-pool program costs, while a $3.96 million restructuring charge compared with a $0.55 million credit a year ago. Operating income fell 28% to $34.32 million, and the effective tax rate increased to 33.3% from 16.2%. For the fourth quarter of fiscal 2026, Dolby expects revenues of $362-$392 million, licensing revenues of $335-$365 million and non-GAAP earnings of $1.13-$1.28 per share. Non-GAAP gross margin is forecast at about 90%, with operating expenses of $195-$205 million. The revenue-guidance midpoint implies 23% year-over-year growth. Management expects support from the video distribution program, including the Meta deal signed early in the fiscal fourth quarter, higher Dolby Atmos units in automobiles, new device categories such as wearables and the timing of minimum volume commitments. Dolby Laboratories price-consensus-eps-surprise-chart | Dolby Laboratories Quote For fiscal 2026, DLB projects revenues of $1.41-$1.44 billion, licensing revenues of $1.31-$1.34 billion and non-GAAP earnings of $4.25-$4.40 per share. Non-GAAP operating margin is expected near 34%, representing roughly 100 basis points of year-over-year improvement. Management expects other licensing revenue to rise in the high teens, driven by automobiles and the video distribution program. Broadcast and mobile are forecast to grow in the mid-single digits, consumer electronics should be roughly flat and PC is expected to decline in the low single digits. Dolby Atmos, Dolby Vision and imaging-patent revenues are projected to grow about 15%. The company generated approximately $167 million in quarterly operating cash flow and ended the period with $756 million in cash and investments. Dolby said its liquidity sources should be sufficient to meet anticipated cash requirements for at least the next 12 months. Dolby repurchased 1.2 million shares for about $65 million and increased its buyback authorization by $350 million, leaving approximately $427 million available. It also declared a 36-cent dividend, up 9% year over year. Dolby currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Sonos, Inc. SONO reported third-quarter fiscal 2026 non-GAAP earnings of 27 cents per share, which soared 52% year over year and topped the Zacks Consensus Estimate of 24 cents. The 12.5% surprise reflected higher sales and disciplined spending despite rising memory costs. Revenues increased 9% to $375 million, beating the $367 million consensus by 2.3%. Speaker demand and international expansion supported growth. Sonos’ installed base exceeded 53 million connected devices across more than 17 million homes. America Movil, S.A.B. de C.V. AMX reported net income per ADR of 47 cents for the second quarter of 2026, up from 38 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate of 52 cents. Total quarterly revenues rose 3.1% to Mex$241,071 million, driven by rapid momentum across the Service and Equipment segments. BlackBerry Limited BB reported first-quarter fiscal 2027 non-GAAP earnings per share of 4 cents. The figure beat the company’s estimate of 2-3 cents. In the year-ago quarter, it reported a non-GAAP EPS of 2 cents. The Zacks Consensus Estimate was pegged at 3 cents per share. BlackBerry generated $152.9 million in fiscal first-quarter revenue, representing 26% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dolby Laboratories (DLB) : Free Stock Analysis Report America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Sonos, Inc. (SONO) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Woodward, Inc. WWD reported third-quarter fiscal 2026 adjusted earnings of $2.52 per share, up 43.2% year over year. The bottom line beat the Zacks Consensus Estimate of $2.39 by 5.4%. Net sales rose 21.2% to $1.11 billion but missed the consensus mark of $1.114 billion by 0.4%. Commercial OEM sales surged 34%, while demand remained broad across Woodward's Industrial markets. In the past year, shares have gained 50.6% compared with the Zacks Aerospace - Defense Equipment industry’s rise of 4.8%. Image Source: Zacks Investment Research Aerospace sales increased 19% to $709 million. Commercial OEM revenues reached $234 million as aircraft production rates increased, while commercial services generated $268 million on continued legacy aircraft servicing and growing LEAP and GTF activity. Management said service inputs remained steady to higher across newer engine platforms. Defense OEM sales declined 6% to $141 million because of a one-time revenue recognition adjustment. Excluding that item, sales would have grown in the mid-single digits. Defense services rose 20% to $66 million. Segment earnings advanced 35% to $170 million, and margin expanded 290 basis points (bps) to 24%. A retroactive contract pricing adjustment added about 100 bps to the margin. Industrial sales climbed 26% to $401 million. Transportation revenues increased 40% to $180 million, aided by strong marine demand and $40 million of China on-highway sales. Power generation rose 19% to $145 million on robust data-center demand for prime and backup power. Oil and gas revenues advanced 11% to $76 million, supported by liquefied natural gas infrastructure activity and improving upstream capital spending. Industrial earnings jumped 86% to $88 million, while margin expanded 720 bps to 22.1%. China on-highway contributed about 90 bps to the margin. Core Industrial sales, which exclude that business, grew 19% to $361 million. Adjusted EBITDA increased 50% to $249 million, while adjusted EBIT rose 58% to $217 million. Total costs and expenses were $916.2 million compared with $788.6 million a year earlier. Profitability benefited from higher volume and pricing, partly offset by inflation, unfavorable mix and a higher tax burden. The adjusted effective tax rate rose to 24.2% from 14.5%. Companywide price realization was 10% in the quarter. Management expects full-year pricing of about 8%, with a more normal 3-5% range going forward. Lean initiatives are beginning to improve factory productivity. Automation across machining, inspection and material handling is intended to reduce the need for roughly 1,000 incremental hires by 2029. Woodward, Inc. price-consensus-eps-surprise-chart | Woodward, Inc. Quote Net cash provided by operating activities increased 17% to $147 million. Free cash flow declined 12% to $87 million as capital expenditures more than doubled to $60 million. Management expects spending to rise sharply in the fourth quarter, mainly to finish the Spartanburg facility and purchase equipment for the A350 spoiler program. Woodward ended June with $475 million in cash and cash equivalents and $1.34 billion of total debt. EBITDA leverage was 1.6 times. Through nine months, operating cash flow reached $352 million and free cash flow totaled $196 million. The company returned $608 million to shareholders, including $553 million through repurchases and $55 million through dividends. WWD raised its fiscal 2026 adjusted earnings guidance to $9.30-$9.50 per share from $9.15-$9.45. The company maintained its sales growth outlook of 20-23%, free cash flow forecast of $300-$350 million and capital expenditure plan of approximately $290 million. It expects to return about $700 million to shareholders for the full year. Aerospace sales are now expected to grow 21-23%, with a segment margin of about 23.5%. Industrial sales growth is projected at 19-21%, up from 18-20%, while segment margin is expected to reach roughly 19%. The adjusted effective tax rate forecast increased to approximately 22.5%. Woodward currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Teledyne Technologies Inc. TDY reported second-quarter 2026 adjusted earnings of $6.28 per share, which surpassed the Zacks Consensus Estimate of $5.78 by 8.7%. The bottom line also improved 20.8% from $5.20 recorded in the year-ago quarter. Total sales were $1.66 billion, which beat the Zacks Consensus Estimate of $1.57 billion by 5.9%. The top line also jumped 9.8% from $1.51 billion reported in the year-ago quarter. This improvement was driven by higher year-over-year sales across all business segments. America Movil, S.A.B. de C.V. AMX reported net income per ADR of 47 cents for the second quarter of 2026, up from 38 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate of 52 cents. Total quarterly revenues rose 3.1% to Mex$241,071 million, driven by rapid momentum across the Service and Equipment segments. BlackBerry Limited BB reported first-quarter fiscal 2027 non-GAAP earnings per share of 4 cents. The figure beat the company’s estimate of 2-3 cents. In the year-ago quarter, it reported a non-GAAP EPS of 2 cents. The Zacks Consensus Estimate was pegged at 3 cents per share. BlackBerry generated $152.9 million in fiscal first-quarter revenue, representing 26% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report Teledyne Technologies Incorporated (TDY) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Sonos, Inc. SONO reported third-quarter fiscal 2026 non-GAAP earnings of 27 cents per share, which soared 52% year over year and topped the Zacks Consensus Estimate of 24 cents. The 12.5% surprise reflected higher sales and disciplined spending despite rising memory costs. Revenues increased 9% to $375 million, beating the $367 million consensus by 2.3%. Speaker demand and international expansion supported growth. Sonos’ installed base exceeded 53 million connected devices across more than 17 million homes. Revenues from Sonos speakers rose 12.5% year over year to $285.3 million and remained the company’s largest product category. The quarter included the first full period of availability for Sonos Play and Era 100 SL, both of which contributed meaningfully to revenue growth. Sonos system products generated $69.3 million, down 5.4%. Partner products and other revenues increased 15.4% to $20.7 million. Amp Multi is scheduled to ship on Aug. 25, extending the company’s offering for professional installers and larger multi-zone projects. Image Source: Zacks Investment Research Americas revenues advanced 3.8% to $238.4 million. Europe, the Middle East and Africa revenues climbed 17.4% to $114.2 million, while Asia-Pacific sales increased 27.2% to $22.7 million. Foreign exchange added about one percentage point to reported growth. On a constant-currency basis, total revenues rose 7%, accelerating three percentage points from the second quarter. Non-GAAP gross profit increased 10.8% to $170.8 million. Non-GAAP gross margin expanded 80 basis points (bps) to 45.5%, even as higher memory costs created a $14 million year-over-year burden and reduced the margin by roughly 380 bps. GAAP gross margin was 50.4%, including a $23.2 million benefit from refunds of previously paid tariffs. Excluding that non-recurring benefit, GAAP gross margin was 44.3%, up 90 bps year over year. GAAP operating expenses increased 3.4% to $157.8 million, mainly due to employee compensation, litigation spending and restructuring charges. Non-GAAP operating expenses rose 2.7% to $134.6 million and remained below the levels recorded in the first two quarters of fiscal 2026. Adjusted EBITDA grew 23.5% to $44 million, with the margin improving to 11.7% from 10.3%. Non-GAAP operating income reached $36.2 million, up 57.3%, as gross-profit growth outpaced the increase in adjusted expenses. Cash provided by operating activities increased 23.5% to $46.2 million. Free cash flow rose 23.3% to $40.3 million, while cash and marketable securities totaled $261 million at quarter-end. Sonos repurchased 2 million shares for $30 million, leaving $35 million under its authorization. Inventories were $158 million, up 37% year over year due to higher memory costs, new product launches and capitalized tariffs. Sonos, Inc. price-consensus-eps-surprise-chart | Sonos, Inc. Quote For the fourth quarter of fiscal 2026, SONO expects revenues of $325 million to $355 million, representing 13% to 23% growth. The 14-week quarter includes an extra week expected to add about $24 million in sales and eight percentage points to growth. Excluding that benefit, growth is projected at 4% to 15%. GAAP gross margin is forecast between 39% and 41%, with non-GAAP gross margin about 120 bps higher. Management expects memory inflation to reduce gross profit by $35 million year over year. Adjusted EBITDA is projected between a loss of $11 million and a profit of $18 million. For fiscal 2026, Sonos expects revenue growth of 6% to 8%, or 4% to 6% excluding the extra week. Adjusted EBITDA is projected at $181 million, up 37%, with an 11.7% margin. Management expects memory-mitigation actions to phase in through fiscal 2027. Sonos currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. SAP SE SAP reported second-quarter 2026 non-IFRS earnings per share of €1.59 ($1.85), which increased 6% from the year-ago quarter. The Zacks Consensus Estimate was pegged at $2. Despite macroeconomic uncertainty, SAP reported total revenues on a non-IFRS basis of €9.9 billion ($11.5 billion), which increased 9% year over year (up 11% at constant currency or cc). The Zacks Consensus Estimate was pegged at $11.4 billion. America Movil, S.A.B. de C.V. AMX reported net income per ADR of 47 cents for the second quarter of 2026, up from 38 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate of 52 cents. Total quarterly revenues rose 3.1% to Mex$241,071 million, driven by rapid momentum across the Service and Equipment segments. BlackBerry Limited BB reported first-quarter fiscal 2027 non-GAAP earnings per share of 4 cents. The figure beat the company’s estimate of 2-3 cents. In the year-ago quarter, it reported a non-GAAP EPS of 2 cents. The Zacks Consensus Estimate was pegged at 3 cents per share. BlackBerry generated $152.9 million in fiscal first-quarter revenue, representing 26% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Sonos, Inc. (SONO) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Fortive Corporation FTV reported second-quarter 2026 adjusted earnings of 74 cents per share, which jumped 28.5% year over year and topped the Zacks Consensus Estimate of 71 cents by 4.2%. Revenues rose 7.9% year over year to $1.10 billion and beat the consensus estimate of $1.06 billion by 3.5%. Core revenues increased 6.7%, reflecting price and volume growth in both operating segments. However, Fortive’s shares are slightly down around 1.5% in the pre-market trading session today. The stock has gained 21.6% in the past six months compared with the Zacks Electronics - Testing Equipment industry's growth of 16%. Image Source: Zacks Investment Research Currency translation and portfolio changes added 1.2 percentage points to reported revenue growth. The remaining increase came from core operations, showing that the quarter's expansion was primarily organic. Management linked the performance to strong execution under the Fortive Accelerated strategy. The company cited early progress in innovation, commercial execution and recurring customer value, supported by the Fortive Business System. These initiatives are intended to increase new-product velocity and deepen recurring customer relationships. Intelligent Operating Solutions generated revenues of $758.2 million, up 8.8% year over year. Core revenues increased 7.4%, driven by professional instrumentation, Facilities and Asset Lifecycle solutions, and gas detection. Adjusted EBITDA for the segment rose 12.2% to $264.4 million. The adjusted EBITDA margin expanded 110 basis points (bps) to 34.9%, as gross profit growth, operating leverage and structural cost savings more than offset growth investments. Advanced Healthcare Solutions posted revenues of $338.6 million, up 6% from the prior-year quarter. Core growth was 5.3%, supported by demand for healthcare consumables, services and software, along with modest growth in capital equipment. Segment adjusted EBITDA increased 2.7% to $88.4 million. However, the adjusted EBITDA margin contracted 80 bps to 26.1%, as product mix and strategic growth investments weighed on profitability despite operating leverage and cost savings. Adjusted gross profit increased 6.2% to $690.9 million. The adjusted gross margin was 63%, down 100 bps year over year, mainly due to product mix, partly offset by operating leverage. Adjusted EBITDA rose to $323.1 million from $288.4 million, and the margin expanded 110 bps to 29.5%. Adjusted operating profit increased to $300.7 million, with the adjusted operating margin improving 70 bps to 27.4%. GAAP net earnings advanced 40.9% to $157.3 million. Fortive Corporation price-consensus-eps-surprise-chart | Fortive Corporation Quote Operating cash flow from continuing operations reached $298.7 million, up from $205 million a year earlier. Free cash flow increased 50.3% to $270.6 million, representing conversion of 118.4% of adjusted net earnings. Trailing-12-month free cash flow totaled $1.04 billion, with conversion of 108.4%. Fortive ended the quarter with $374.2 million in cash and equivalents, while net debt was $3.15 billion and net leverage was 2.4 times adjusted EBITDA. The cash profile supports continued deployment across the company's stated priorities. Fortive raised its full-year 2026 adjusted earnings guidance to $2.95-$3.05 per share. The revision reflects solid first-half execution and management's confidence in the business trajectory. The company maintained that its medium-term financial framework remains intact. It continues to focus on faster profitable organic growth, disciplined capital allocation and building investor trust through clearer expectations and consistent delivery. The company deployed roughly $200 million toward share repurchases in the second quarter, buying about 3 million shares at an average price of $59.54. Repurchases over the past four quarters totaled approximately $2 billion, covering about 38 million shares, or roughly 11% of shares outstanding as of the second quarter of 2025. Fortive also completed the acquisition of UV Smart, a small bolt-on transaction aligned with its strategic growth priorities. Gross leverage declined to about 2.7 times adjusted EBITDA, preserving flexibility for organic investment, selective acquisitions, repurchases and a modestly growing dividend. Fortive currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. SAP SE SAP reported second-quarter 2026 non-IFRS earnings per share of €1.59 ($1.85), which increased 6% from the year-ago quarter. The Zacks Consensus Estimate was pegged at $2. Despite macroeconomic uncertainty, SAP reported total revenues on a non-IFRS basis of €9.9 billion ($11.5 billion), which increased 9% year over year (up 11% at constant currency or cc). The Zacks Consensus Estimate was pegged at $11.4 billion. America Movil, S.A.B. de C.V. AMX reported net income per ADR of 47 cents for the second quarter of 2026, up from 38 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate of 52 cents. Total quarterly revenues rose 3.1% to Mex$241,071 million, driven by rapid momentum across the Service and Equipment segments. BlackBerry Limited BB reported first-quarter fiscal 2027 non-GAAP earnings per share of 4 cents. The figure beat the company’s estimate of 2-3 cents. In the year-ago quarter, it reported a non-GAAP EPS of 2 cents. The Zacks Consensus Estimate was pegged at 3 cents per share. BlackBerry generated $152.9 million in fiscal first-quarter revenue, representing 26% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research