Equity Profile

AMX

AmÃ©rica MÃ³vil, S.A.B. de C.V.

Communication ServicesWireless Telecommunication Services$78.2B

Feb5Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EST

Company Snapshot

América Móvil, S.A.B. de C.V....

Key Metrics to Watch

Subscriber Growth

This metric indicates the company's ability to attract and retain customers, which is crucial for revenue growth.

Expected to show an increase of 3% YoY.

Average Revenue Per User (ARPU)

ARPU reflects how much revenue the company generates from each subscriber, impacting overall profitability.

Expected to remain stable at $12.50.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AMX Q2-2026 Earnings Preview

Context

Company Snapshot

América Móvil, S.A.B. de C.V. is a leading telecommunications company in Latin America, providing wireless services and internet connectivity. As a major player in the communication services sector, its performance is closely tied to consumer spending and technological advancements in mobile communication.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+286.82%

Avg Stock Reaction

-0.12%

Last Quarter Recap

In Q1 2026, América Móvil reported an impressive earnings surprise with an EPS of $1.79, significantly exceeding estimates. However, the stock saw a slight decline the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Focus on expanding 5G network coverage.
Commitment to improving customer service and satisfaction.
Plans to enhance digital services and content offerings.

Expectations

Wall Street Expectations

Overall, analysts expect América Móvil to continue its strong performance, particularly in subscriber growth and ARPU. However, there are concerns about rising competition and market saturation.

Bull Case

If the company reports strong subscriber growth and maintains or increases ARPU, it could signal robust demand and operational efficiency, leading to a positive market reaction.

Bear Case

Conversely, if subscriber growth slows or ARPU declines, it may raise red flags about the company's competitive position and profitability, potentially leading to a negative reaction.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase of 3% YoY.

This metric indicates the company's ability to attract and retain customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Expected to remain stable at $12.50.

ARPU reflects how much revenue the company generates from each subscriber, impacting overall profitability.

Operating Margin

Expected to be around 30%.

Operating margin is key to understanding the company's efficiency and cost management, especially in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the subscriber growth rate for Q2 2026?

Subscriber growth is a critical indicator of the company's market position and future revenue potential, especially in a competitive landscape.

How has the Average Revenue Per User (ARPU) changed this quarter?

Changes in ARPU can directly impact profitability and indicate how well the company is managing pricing and customer value.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber growth due to recent investments in 5G infrastructure, which could attract more customers than anticipated.

Supporting Evidence

The company's strong historical EPS surprises suggest it may outperform expectations again.

Options pricing indicates a higher expected move than historical averages, hinting at potential volatility.

Recent trends in mobile data consumption may drive higher subscriber acquisition.

Key Risk

If subscriber growth exceeds 3%, it could invalidate the cautious outlook currently held by the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on subscriber growth and ARPU, which are critical for assessing the company's competitive strength and profitability.

Bull Confirmed If

Subscriber growth of 3% or better, coupled with stable ARPU at $12.50 or above.

Bear Confirmed If

Subscriber growth below 1% or a decline in ARPU below $12.00.

Pre-Earnings Positioning

Options Market

Implied Move

±5.61%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±5.6% while AMX has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.6%

Calls (0)P/C Ratio: 2.16Puts (400)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If América Móvil beats expectations, history suggests the stock could see an average one-day move of +2.05%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results come in line with expectations, the stock may experience muted movement as investors await further clarity on future guidance.

Miss

A miss could lead to a downside reaction, with history indicating an average one-day move of +0.22% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on subscriber growth and retention strategies.
2Updates on 5G network expansion and its impact on service offerings.
3Insights into ARPU trends and pricing strategies.
4Management's outlook on competitive pressures in the telecommunications market.
5Any commentary on future digital service initiatives and their expected impact.

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Company Snapshot

América Móvil, S.A.B. de C.V....

Key Metrics to Watch

Subscriber Growth

This metric indicates the company's ability to attract and retain customers, which is crucial for revenue growth.

Expected to show an increase of 3% YoY.

Average Revenue Per User (ARPU)

ARPU reflects how much revenue the company generates from each subscriber, impacting overall profitability.

Expected to remain stable at $12.50.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AMX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+286.82%

Avg Stock Reaction

-0.12%

Last Quarter Recap

Management Promises & Guidance

Focus on expanding 5G network coverage.
Commitment to improving customer service and satisfaction.
Plans to enhance digital services and content offerings.

Expectations

Wall Street Expectations

Overall, analysts expect América Móvil to continue its strong performance, particularly in subscriber growth and ARPU. However, there are concerns about rising competition and market saturation.

Bull Case

If the company reports strong subscriber growth and maintains or increases ARPU, it could signal robust demand and operational efficiency, leading to a positive market reaction.

Bear Case

Conversely, if subscriber growth slows or ARPU declines, it may raise red flags about the company's competitive position and profitability, potentially leading to a negative reaction.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase of 3% YoY.

This metric indicates the company's ability to attract and retain customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Expected to remain stable at $12.50.

ARPU reflects how much revenue the company generates from each subscriber, impacting overall profitability.

Operating Margin

Expected to be around 30%.

Operating margin is key to understanding the company's efficiency and cost management, especially in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the subscriber growth rate for Q2 2026?

Subscriber growth is a critical indicator of the company's market position and future revenue potential, especially in a competitive landscape.

How has the Average Revenue Per User (ARPU) changed this quarter?

Changes in ARPU can directly impact profitability and indicate how well the company is managing pricing and customer value.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber growth due to recent investments in 5G infrastructure, which could attract more customers than anticipated.

Supporting Evidence

The company's strong historical EPS surprises suggest it may outperform expectations again.

Options pricing indicates a higher expected move than historical averages, hinting at potential volatility.

Recent trends in mobile data consumption may drive higher subscriber acquisition.

Key Risk

If subscriber growth exceeds 3%, it could invalidate the cautious outlook currently held by the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on subscriber growth and ARPU, which are critical for assessing the company's competitive strength and profitability.

Bull Confirmed If

Subscriber growth of 3% or better, coupled with stable ARPU at $12.50 or above.

Bear Confirmed If

Subscriber growth below 1% or a decline in ARPU below $12.00.

Pre-Earnings Positioning

Options Market

Implied Move

±5.61%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±5.6% while AMX has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.6%

Calls (0)P/C Ratio: 2.16Puts (400)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If América Móvil beats expectations, history suggests the stock could see an average one-day move of +2.05%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results come in line with expectations, the stock may experience muted movement as investors await further clarity on future guidance.

Miss

A miss could lead to a downside reaction, with history indicating an average one-day move of +0.22% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on subscriber growth and retention strategies.
2Updates on 5G network expansion and its impact on service offerings.
3Insights into ARPU trends and pricing strategies.
4Management's outlook on competitive pressures in the telecommunications market.
5Any commentary on future digital service initiatives and their expected impact.