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 how well the company is attracting new customers, which is crucial for revenue growth.

Expected to show an increase of 5% YoY.

Average Revenue Per User (ARPU)

ARPU reflects the revenue generated from each subscriber, providing insight into pricing power and customer loyalty.

Expected to be $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 to millions of customers. As a major player in the Communication Services sector, its performance is closely tied to consumer spending and technological advancements in wireless 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 EPS of $1.79, significantly exceeding expectations. However, the stock fell 2.25% the following day, indicating some market skepticism despite the strong earnings.

Management Promises & Guidance

Management committed to improving customer service and expanding network coverage.
They indicated plans to invest in 5G technology to enhance service offerings.
Management expressed confidence in maintaining subscriber growth.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about América Móvil's upcoming earnings, given its recent strong performance. However, there are concerns about sustaining growth in a competitive market.

Bull Case

If subscriber growth exceeds expectations and ARPU shows improvement, the stock could see a significant rally as investors gain confidence in the company's growth trajectory.

Bear Case

Conversely, if subscriber growth stagnates or ARPU declines, it could signal trouble ahead, leading to a sell-off as investors reassess the company's prospects.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase of 5% YoY.

This metric indicates how well the company is attracting new customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Expected to be $12.50.

ARPU reflects the revenue generated from each subscriber, providing insight into pricing power and customer loyalty.

EBITDA Margin

Expected to be 35%.

A strong EBITDA margin is essential for profitability and indicates operational efficiency.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the subscriber growth rate be for Q2-2026?

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

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

ARPU is crucial for understanding pricing power and customer retention, which are vital for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of 5G investments on subscriber growth, which could drive higher ARPU and overall revenue.

Supporting Evidence

Recent strong EPS surprises indicate that the company has been managing costs effectively.

Options pricing suggests a larger-than-average move, indicating that traders expect significant news.

Management's commitment to expanding network coverage could lead to increased customer acquisition.

Key Risk

If subscriber growth comes in below 3%, it could undermine confidence in the company's growth strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to maintain subscriber growth and improve ARPU amidst competitive pressures.

Bull Confirmed If

Subscriber growth of 5% or better with ARPU increasing to $12.75 or higher.

Bear Confirmed If

Subscriber growth below 3% or ARPU declining to $12.00.

Pre-Earnings Positioning

Options Market

Implied Move

±5.61%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a relatively large move, suggesting that traders expect significant 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 a potential average one-day move of +1.19%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors digest management's commentary.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +0.22% when they miss, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G rollout and its impact on subscriber acquisition.
2Any changes in management's guidance regarding ARPU expectations.
3Details on competitive pressures in the telecommunications market.
4Insights into customer retention strategies and service improvements.
5Management's outlook on macroeconomic factors affecting consumer spending.

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Company Snapshot

América Móvil, S.A.B. de C.V....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well the company is attracting new customers, which is crucial for revenue growth.

Expected to show an increase of 5% YoY.

Average Revenue Per User (ARPU)

ARPU reflects the revenue generated from each subscriber, providing insight into pricing power and customer loyalty.

Expected to be $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

Management committed to improving customer service and expanding network coverage.
They indicated plans to invest in 5G technology to enhance service offerings.
Management expressed confidence in maintaining subscriber growth.

Expectations

Wall Street Expectations

Bull Case

If subscriber growth exceeds expectations and ARPU shows improvement, the stock could see a significant rally as investors gain confidence in the company's growth trajectory.

Bear Case

Conversely, if subscriber growth stagnates or ARPU declines, it could signal trouble ahead, leading to a sell-off as investors reassess the company's prospects.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase of 5% YoY.

This metric indicates how well the company is attracting new customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Expected to be $12.50.

ARPU reflects the revenue generated from each subscriber, providing insight into pricing power and customer loyalty.

EBITDA Margin

Expected to be 35%.

A strong EBITDA margin is essential for profitability and indicates operational efficiency.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the subscriber growth rate be for Q2-2026?

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

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

ARPU is crucial for understanding pricing power and customer retention, which are vital for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of 5G investments on subscriber growth, which could drive higher ARPU and overall revenue.

Supporting Evidence

Recent strong EPS surprises indicate that the company has been managing costs effectively.

Options pricing suggests a larger-than-average move, indicating that traders expect significant news.

Management's commitment to expanding network coverage could lead to increased customer acquisition.

Key Risk

If subscriber growth comes in below 3%, it could undermine confidence in the company's growth strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to maintain subscriber growth and improve ARPU amidst competitive pressures.

Bull Confirmed If

Subscriber growth of 5% or better with ARPU increasing to $12.75 or higher.

Bear Confirmed If

Subscriber growth below 3% or ARPU declining to $12.00.

Pre-Earnings Positioning

Options Market

Implied Move

±5.61%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a relatively large move, suggesting that traders expect significant 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 a potential average one-day move of +1.19%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors digest management's commentary.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +0.22% when they miss, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G rollout and its impact on subscriber acquisition.
2Any changes in management's guidance regarding ARPU expectations.
3Details on competitive pressures in the telecommunications market.
4Insights into customer retention strategies and service improvements.
5Management's outlook on macroeconomic factors affecting consumer spending.