IQSTEL INC. (NASDAQ:IQST) shares are trading higher by about 50% on Thursday. The company reported preliminary first-half 2026 revenue of $207 million, a significant increase from $130 million in the year-ago period.
• iQSTEL stock is among today’s top performers. Why is IQST stock surging?
Jumps On Preliminary First-Half 2026 Revenue
Leandro Jose Iglesias, chairman and CEO of IQSTEL, said that delivering approximately 59% revenue growth during the company’s historically slower operating period provides strong confidence for the second half of the year.
The completion of the Ultranet acquisition is expected to boost IQSTEL’s profitability, helping the company move toward a $500 million annual revenue run rate.
The acquisition is also expected to drive EBITDA above an $8 million annual run rate while improving operating leverage and cash flow generation.
Communication Services Sector Performance Vs IQST Stock
IQSTEL operates within the Communication Services sector, which is currently ranked seven out of 11 sectors, showing a modest gain of 0.22%. While the sector has struggled over the past 90 days with a decline of 4.58%, IQSTEL’s performance today stands in stark contrast, outperforming the sector by nearly 39 percentage points.
The sector’s mid-tier performance reflects a mixed sentiment among investors, yet IQSTEL’s strong revenue growth and strategic initiatives position it favorably within this context. Over the past 30 days, the sector has only gained 1.18%, highlighting the significance of IQSTEL’s substantial growth relative to its peers.
What IQSTEL (IQST) Does: Telecom, VoIP, SMS and Fintech
IQSTEL is a technology company offering a wide array of services to the telecom and Internet industry. The business divisions of the company include Telecommunication services such as VoIP, SMS and International Fiber-Optic, as well as a Fintech division that provides remittance services and a mobile app.
The company is transforming itself into a global technology platform capable of commercializing next-generation digital services. This transformation is crucial as it positions IQSTEL to capitalize on its extensive network and relationships within the telecommunications sector, enhancing its growth potential.
IQST Earnings Date and Analyst Estimates: What To Expect
IQSTEL is slated to provide its next financial update on Aug. 13 (estimated).
- EPS Estimate: Loss of 23 cents (Up from loss of 82 cents)
- Revenue Estimate: $106.05 million (Up from $72.18 million)
Analyst Consensus & Recent Actions: The stock’s outlook remains positive as analysts anticipate significant growth in revenue and a reduction in losses for the upcoming earnings report.
IQST Stock Price Action: Shares Surge Thursday
IQST Stock Price Activity: iQSTEL shares were up 53.77% at $1.36 at the time of publication on Thursday, according to Benzinga Pro data.
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