América Móvil, S.A.B. de C.V. · AMX · FY2025 Q2 · Calendar Q3 2025

América Móvil: Postpaid and broadband growth offset regulatory risks

The quarter supports a constructive operating trajectory: postpaid and broadband demand drove strong growth while management maintained its capex framework. The thesis is tempered by regulatory uncertainty, competition, litigation, and the need to sustain Brazil’s migration toward postpaid.

Reported Before market openNYSECommunication Services $72.53B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.38 Consensus $0.44
EPS surprise -13.8% Reported versus consensus
Reported revenue $12.54B Consensus $12.66B
Revenue surprise -0.9% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -0.9% Event window
SPY move +0.0% Same window
Abnormal move -0.9% Stock minus SPY
Volume 1.4× Versus trailing sessions
Subsequent drift +11.9% Up to 20 sessions
AMXSPY benchmark

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Transcript intelligence

What changed

Management’s tone shifted from cautious to confident versus the prior analysis. Growth broadened through strong Brazil postpaid additions and Mexico broadband expansion, while capex remained controlled and the Mexican telecom law became a more explicit operating risk.

Guidance delta

Maintained: full-year capex was expected at MXN 6.7–6.8 billion, below MXN 7 billion.

Key takeaways

  • Revenue grew 13.8% year over year, supported by postpaid mobile and broadband expansion.
  • Mobile subscribers increased by 1.7 million, including 1.4 million Brazil postpaid additions.
  • The new Mexican telecom law, Colombia litigation, and competition remain key watch items.

Management priorities

  • Continue network investment within the MXN 6.7–6.8 billion capex target.
  • Expand Mexico broadband fiber and streaming offerings.
  • Grow postpaid revenue through the Nubank partnership and focus on Brazil corporate and SME customers.

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Earnings History

Estimate Beat Miss Match
AMX EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $0.25 Q4 '23 actual $0.33, beat Q1 '24 estimate $0.42 Q1 '24 actual $0.25, miss Q2 '24 estimate $0.20 Q2 '24 actual $-0.02, miss Q3 '24 estimate $0.41 Q3 '24 actual $0.11, miss Q2 '25 estimate $0.44 Q2 '25 actual $0.38, miss Q3 '25 estimate $0.39 Q3 '25 actual $0.40, beat Q4 '25 estimate $0.40 Q4 '25 actual $0.35, miss Q1 '26 estimate $0.46 Q1 '26 actual $0.44, miss Q2 '26 estimate $0.52 Q2 '26 actual $0.47, miss Q3 '26 estimate $0.46 Q3 '26 actual $0.45, match Q4 '26 estimate $8.84 Q1 '27 estimate $9.02 Q2 '27 estimate $9.68 Q3 '27 estimate $11.19
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Analyst Consensus ?

ConsensusHold23 ratings
Bullish1147.8%
Neutral939.1%
Bearish313.1%

Analyst 52W Price Targets

$24.29Previous close
$19.5Low
$26.03Average
$35High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
JP Morgan Overweight NeutralUpgradeAug 18, 2026
Scotiabank Sector Perform Sector PerformMaintainMay 27, 2026
UBS Buy BuyMaintainApr 23, 2026
Goldman Sachs Buy BuyMaintainOct 6, 2025
Citigroup Neutral BuyDowngradeSep 10, 2025
Show 18 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $24.29. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Banco SantanderAnalyst unavailable$27$23.22 +11.2%Aug 13, 2026
New StreetChris Hoare$35$26.79 +44.1%Jun 17, 2026
ScotiabankAndres Coello$20.8$25.94 -14.4%May 27, 2026
Goldman SachsAnalyst unavailable$31.8$26.59 +30.9%May 18, 2026
UBSLeonardo Olmos$31.5$26.15 +29.7%Apr 23, 2026
See 16 more

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Company context

Snapshot as of publication

América Móvil, S.A.B. de C.V. (AMX) stands as a prominent telecommunications conglomerate, extending its services across Latin America and into various international markets. The company's diverse portfolio includes both mobile and fixed-line voice communication, covering local, national, and international calls, along with essential network interconnection facilities. It delivers an extensive range of data solutions, such as operating data centers, providing data administration, and offering hosting services for both individual consumers and corporate entities. A broad spectrum of value-added offerings is also available, encompassing internet access, various messaging options, wireless entertainment, and customized corporate services. These offerings further extend to data transmission, email, real-time chat, streaming media, and interactive applications.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
  3. Polygon adjusted daily market bars · 2026-10-22T06:20:43.375579+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T06:20:43.372856+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.