Millicom reports Q2 EPS of $0.65 and revenue of $2.18B, exceeding estimates and raising its full-year outlook.
Millicom International Cellular reported Q2 GAAP earnings per share of $0.65, beating estimates by $0.06. Revenue reached $2.18 billion, up 59.1% year-on-year and $50 million above expectations.
The company also posted record equity free cash flow of $327 million, a 50.1% increase from the prior year. Leverage improved to 2.73x, including recent acquisitions in Colombia, Ecuador, and Uruguay.
Millicom declared a $3.00 per share dividend and raised its FY26 outlook following the strong quarterly performance.