iQSTEL (IQST) Q2 2026 earnings summary

Executive summary

• First-half 2026 revenue reached $207 million, up 59% year-over-year, driven by organic growth and acquisitions such as Globe Topper.

• Gross profit rose 26% to $4.8 million, with gross margin improvement reflecting operational synergies and portfolio restructuring.

• Focus is shifting from revenue growth to profitability, with emphasis on gross profit, adjusted EBITDA, and cash generation.

• Digital services now represent 12.5–13% of revenue, with further growth expected through new offerings and acquisitions.

• Ultranet acquisition and internal realignment are expected to boost adjusted EBITDA and international footprint.

Financial highlights

• First-half 2026 revenue: $207 million, up from $130 million in 1H 2025 (59% growth).

• Gross profit: $4.8 million for six months, up from $3.8 million in 2025 (26% growth).

• Q2 revenue: $109 million, up from $97.9 million in Q1; quarterly revenue up 51% year-over-year.

• Stockholders' equity at June 30: $17.2 million, up 5% year-over-year and over 50% above market capitalization.

• No convertible notes or warrants outstanding; clear capital structure.

Outlook and guidance

• On track to achieve $430 million revenue target for 2026, needing $223 million in H2.

• Adjusted EBITDA run rate expected to reach $8–$9 million post-Ultranet acquisition.

• Management expects stronger second-half performance due to seasonality and momentum.

• Focus remains on expanding gross profit, Adjusted EBITDA, and higher-margin Digital Services.

• Long-term vision to reach $1 billion in annual revenue with a focus on profitability.