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IQSTEL reports $314M revenue in 9 months, eyes $430M 2026 target and Ultranet acquisition.

Company Fundamentals
05 Nov 2026, 15:00 WIB
PRNewsWire
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Bullish
IQSTEL reports $314M revenue in 9 months, eyes $430M 2026 target and Ultranet acquisition.

IQSTEL announced preliminary Q3 2026 revenue of $106 million and $314 million for the first nine months, a 35% organic increase year-over-year. The company is on track to meet its $430 million revenue goal for 2026, requiring $116 million in Q4 revenue. IQSTEL also plans to acquire a 51% stake in Ultranet Telecom Group, which had $131 million revenue in 2025, potentially boosting combined annual revenue above $560 million. The acquisition aims to make IQSTEL cash-flow positive and supports its longer-term $700 million revenue target.

IQSTEL's preliminary Q3 2026 revenue and acquisition plans provide context for market watchers. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 05, 2026 19:32 WIB: out of 150 priced US tech stocks, 50 rose and 95 fell. Notable movers include PAYC at USD 238.50 with a -11.06% change, QCOM at USD 155.07 with a -10.46% change and 62% sell order activity, and TASK at USD 9.50 with a +10.08% change.

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