Millicom International Cellular S.A. · TIGO · Next earnings

Millicom International Cellular S.A. reports Thursday, Feb 25, 2027

TIGO reports before market open with consensus EPS at $0.96 and revenue at $2.29B. Last quarter: Millicom sets Q3 EBITDA record, maintains full-year guidance

Reports Before market open111 days awayDate estimated Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $0.96 Calendar consensus
Consensus revenue $2.29B Calendar consensus
Report date Feb 25, 2027 Thursday, date estimated
Session Before market open 111 days away

Where TIGO left off: FY2026 Q3

Full report

Millicom sets Q3 EBITDA record, maintains full-year guidance

EPS surprise -40.8% Reported $0.58 vs $0.98
Revenue surprise +2.4% Reported $2.28B vs $2.23B
Stock move +2.6% Event window
Subsequent drift +3.1% Up to 20 sessions

Management maintained full-year guidance. This is a steadier stance than the prior quarter’s guidance increase; the supplied Q3 analysis does not specify revised numerical targets.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Earthquake-related operational disruption and financial impact in Colombia.
  • Higher Home-segment churn amid aggressive pricing.
  • Capex intensity and execution risks in the Colombia and Ecuador investment plans.
  • Q4 cash-flow seasonality and the ability to meet full-year free-cash-flow targets.
  • Limited M&A opportunities in Brazil and Venezuela due to macroeconomic and regulatory challenges.

Questions analysts left open

  • Whether Q4 cash-flow seasonality allows full-year free-cash-flow targets to be met.
  • Progress toward profitability targets in Colombia and Guatemala.
  • The investment burden of the planned Colombia and Ecuador network expansion.
  • Potential regulatory risk despite the Guatemala litigation settlement.

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Recent TIGO quarters

All TIGO earnings
+2.6%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.