America Movil Sab De Cv Stock Earnings Reports

América Móvil reported solid 1Q26 results with revenue up 2.1% in MXN (6.1% at constant FX) to MXN 237 billion and EBITDA growing faster than revenue (+3.8% in MXN; +8.0% at constant FX). Consolidated EBITDA margin expanded to about 40%, and net income rose ~25% to MXN 23.4 billion (MXN 0.39/share). Net debt was MXN 437 billion (1.41x EBITDA after leases). Management reiterated a balanced capital-allocation approach: continued deleveraging toward a target around 1.3x net debt/EBITDA, increased share-buyback capacity (an additional MXN 10 billion to reach MXN 21 billion available for buybacks), while preserving capacity to pursue M&A and tuck-in opportunities across Latin America and Eastern Europe. They guided 2026 CapEx roughly around $7 billion (± depending on FX) and plan to finalize multi-year details at the May 27 Investor Day in New York. Operations: mobile postpaid and broadband access growth accelerated (postpaid growth ~7.3% YoY; broadband accesses +6% YoY), driven by stronger performance in Mexico, Brazil and recovering prepaid in several markets; Colombia, Peru, Central America and Eastern Europe showed notable momentum and convergence gains. Working capital rose partly due to higher handset inventories and handset-financing programs; equipment sales were strong. Management is open to partnerships with satellite/direct-to-cell providers (e.g., Starlink) but noted spectrum and timing considerations. Key risks/points for investors: FX volatility (Mexican peso appreciation had a material impact on reported MXN results), potential M&A deployment versus buybacks, regulatory/operational constraints in select markets (e.g., fiber rollout challenges in Buenos Aires), and continued focus on cost control and digitalization to sustain margins.