Equity Profile

AMX

AmÃ©rica MÃ³vil, S.A.B. de C.V.

Communication ServicesWireless Telecommunication Services$76.3B

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

Subscriber growth is crucial for revenue expansion in the competitive telecom market.

Expected to show a steady increase.

Average Revenue Per User (ARPU)

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

Expected to remain stable or improve.

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 broadband. As a major player in the communication services sector, its performance can reflect trends in consumer spending and technology adoption in the region.

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 EPS of $1.79, significantly beating estimates. However, the stock experienced a slight decline the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Focus on expanding broadband services.
Commitment to improving customer service.
Plans to enhance network infrastructure.

Expectations

Wall Street Expectations

Overall, analysts expect América Móvil to continue its strong performance, driven by subscriber growth and stable ARPU. However, there are concerns about competitive pressures in the telecom market.

Bull Case

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

Bear Case

On the other hand, if subscriber growth slows or ARPU declines, it may raise concerns about the company's ability to maintain profitability in a competitive landscape.

Key Metrics to Watch

Subscriber Growth

Expected to show a steady increase.

Subscriber growth is crucial for revenue expansion in the competitive telecom market.

Average Revenue Per User (ARPU)

Expected to remain stable or improve.

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

Operating Margin

Expected to be consistent with historical performance.

Operating margin reflects the company's efficiency in managing its costs relative to its revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the subscriber growth rate for the quarter?

Subscriber growth is a key driver of revenue and profitability, and any slowdown could raise concerns.

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

ARPU trends will indicate the company's pricing power and overall financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate the potential for subscriber growth driven by new service offerings, which could significantly boost revenue.

Supporting Evidence

Historically, América Móvil has consistently exceeded EPS estimates, suggesting potential for another surprise.

The options market is pricing a larger move than historical averages, indicating expectations for volatility that may not materialize.

Key Risk

If subscriber growth exceeds 5%, it could invalidate bearish sentiment and shift market perception.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on subscriber metrics and revenue per user, which are critical for assessing future growth.

Bull Confirmed If

Subscriber growth of over 5% quarter-over-quarter would confirm strong demand and operational success.

Bear Confirmed If

A decline in ARPU below $15 would raise red flags about pricing pressures and profitability.

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 investors expect volatility around the earnings report.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

This setup has occurred 30 times across Communication Services in the last 2 years. 13 of 28 faded and 15 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.1%, with a raw directional average of +2.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If América Móvil beats expectations, history suggests the stock could rise by around 1.19% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors weigh future risks.

Miss

A miss on earnings could lead to a decline, with history suggesting an average drop of 0.22% on such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new service offerings and their impact on subscriber growth.
2Insights into competitive pressures and how the company plans to address them.
3Details on ARPU trends and any pricing strategies.
4Management's outlook on future market conditions and growth opportunities.
5Comments on operational efficiencies and cost management.

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Company Snapshot

América Móvil, S.A.B. de C.V....

Key Metrics to Watch

Subscriber Growth

Subscriber growth is crucial for revenue expansion in the competitive telecom market.

Expected to show a steady increase.

Average Revenue Per User (ARPU)

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

Expected to remain stable or improve.

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 broadband services.
Commitment to improving customer service.
Plans to enhance network infrastructure.

Expectations

Wall Street Expectations

Bull Case

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

Bear Case

On the other hand, if subscriber growth slows or ARPU declines, it may raise concerns about the company's ability to maintain profitability in a competitive landscape.

Key Metrics to Watch

Subscriber Growth

Expected to show a steady increase.

Subscriber growth is crucial for revenue expansion in the competitive telecom market.

Average Revenue Per User (ARPU)

Expected to remain stable or improve.

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

Operating Margin

Expected to be consistent with historical performance.

Operating margin reflects the company's efficiency in managing its costs relative to its revenue.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the subscriber growth rate for the quarter?

Subscriber growth is a key driver of revenue and profitability, and any slowdown could raise concerns.

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

ARPU trends will indicate the company's pricing power and overall financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate the potential for subscriber growth driven by new service offerings, which could significantly boost revenue.

Supporting Evidence

Historically, América Móvil has consistently exceeded EPS estimates, suggesting potential for another surprise.

The options market is pricing a larger move than historical averages, indicating expectations for volatility that may not materialize.

Key Risk

If subscriber growth exceeds 5%, it could invalidate bearish sentiment and shift market perception.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on subscriber metrics and revenue per user, which are critical for assessing future growth.

Bull Confirmed If

Subscriber growth of over 5% quarter-over-quarter would confirm strong demand and operational success.

Bear Confirmed If

A decline in ARPU below $15 would raise red flags about pricing pressures and profitability.

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 investors expect volatility around the earnings report.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If América Móvil beats expectations, history suggests the stock could rise by around 1.19% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors weigh future risks.

Miss

A miss on earnings could lead to a decline, with history suggesting an average drop of 0.22% on such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new service offerings and their impact on subscriber growth.
2Insights into competitive pressures and how the company plans to address them.
3Details on ARPU trends and any pricing strategies.
4Management's outlook on future market conditions and growth opportunities.
5Comments on operational efficiencies and cost management.