IQStel reports $207M in preliminary first-half 2026 revenue

IQStel Inc. (NASDAQ: IQST) reported preliminary net revenue of approximately $207 million for the first six months of 2026, compared to $130 million during the same period in 2025, representing approximately 59% year-over-year growth, according to a company statement.

The company said it expects to surpass a $500 million annual revenue run rate following the anticipated closing of its previously announced acquisition of Ultranet during the third quarter of 2026. The acquisition is also expected to position IQStel to exceed an $8 million annual EBITDA run rate.

"Achieving approximately 59% revenue growth during what has traditionally been our slower operating season gives us tremendous confidence heading into the second half of the year," said Leandro Jose Iglesias, Chairman and CEO of IQStel.

The company noted that its business has historically generated stronger revenue in the second half of the year. IQStel operates in 21 countries and offers telecommunications, fintech, AI-powered communications, cybersecurity, and digital infrastructure services.

IQStel said it estimates its platform has a potential reach of approximately 2.3 billion end users through its carrier relationships and enterprise customer network. The company said it continues to expand its digital services division, which includes AI communications, cybersecurity, fintech solutions, and digital content distribution.

The company said it expects to provide additional updates on the Ultranet acquisition and its financial outlook as milestones are achieved. The preliminary revenue figures have not been audited.

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