Millicom International Cellular (TIGO) Projected to Release Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) is expected to be issuing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $2.1341 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. On average, analysts expect Millicom International Cellular to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.

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Millicom International Cellular Price Performance

NASDAQ TIGO opened at $94.30 on Tuesday. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 12.81 and a beta of 0.91. Millicom International Cellular has a 1-year low of $39.01 and a 1-year high of $100.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The business’s fifty day moving average price is $91.17 and its 200-day moving average price is $79.52.

Wall Street Analyst Weigh In

A number of research firms recently commented on TIGO. Scotiabank upped their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. UBS Group boosted their price target on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Zacks Research downgraded shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.28.

Read Our Latest Analysis on Millicom International Cellular

Insider Activity

In other news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the sale, the insider directly owned 165,344 shares of the company’s stock, valued at $14,634,597.44. This represents a 22.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 50,140 shares of company stock worth $4,425,461.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC purchased a new stake in Millicom International Cellular during the 4th quarter valued at $225,000. Invesco Ltd. raised its stake in shares of Millicom International Cellular by 14.8% in the fourth quarter. Invesco Ltd. now owns 181,118 shares of the technology company’s stock valued at $10,041,000 after acquiring an additional 23,336 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Millicom International Cellular in the 4th quarter worth about $265,000. Vident Advisory LLC lifted its holdings in shares of Millicom International Cellular by 2.3% in the 4th quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock worth $635,000 after acquiring an additional 254 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $4,510,000.

About Millicom International Cellular

(Get Free Report)

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.

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