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IQST - IQSTEL Reports Q1 2026 Revenue of $97.9 Million, Up 69.9% Year Over Year, and Accelerates High-Margin Digital Services Expansion
IQST - IQSTEL Reports Q1 2026 Revenue of $97.9 Million, Up 69.9% Year Over Year, and Accelerates High-Margin Digital Services
About this update from Iqstel Inc.
[{"type":"text","content":"Company Reinforces $430 Million 2026 Revenue Target, Highlights Commercial Launch of High-Margin AI, Cybersecurity, Fintech, and Digital Health ServicesNEW YORK, May 26, 2026 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a rapidly growing global telecommunications and technology company, today provided investors with a strategic update during its First Quarter 2026 Earnings Call held on May 21, 2026 at 8:30 am (EST), highlighting strong financial performance, execution progress, and the Company's accelerating transformation into a global digital services distribution powerhouse.During the earnings call, IQSTEL management emphasized that the Company has reached a pivotal inflection point—transitioning from a telecom-focused operator into a scalable commercialization platform for high-margin digital services.Key Financial Highlights from Q1 2026IQSTEL reported strong first quarter performance, including:$97.9 million in consolidated revenue, representing 69.9% year-over-year growth87% of revenue generated organicallyGross profit exceeding $2.0 million, up 7.8% year-over-yearPositive adjusted EBITDA at the operating subsidiary levelNear breakeven consolidated adjusted EBITDABook equity per share approaching $3.00No convertible debt outstandingNo earnout obligations outstandingManagement reaffirmed IQSTEL's previously announced $430 million revenue target for fiscal year 2026 and its longer-term objective of building a $1 billion annual revenue company.IQSTEL's Strategic Platform: The Real Competitive AdvantageCEO Leandro Jose Iglesias highlighted that IQSTEL's most valuable asset is not simply its telecom revenue, but the global commercial platform the Company has spent years building, which now includes:Commercial relationships with more than 600 telecom operators worldwideOperations in 21 countries across 4 continents6 strategic commercial offices globallyPotential commercial reach to approximately 2.3 billion end usersA business operating at nearly a $400 million annualized revenue run rate\"This is our moat,\" said Iglesias. \"Many companies can build products. Very few can commercialize those products globally through trusted enterprise relationships already in place.\"Commercial Launch of High-Margin Digital Services UnderwayManagement confirmed that IQSTEL's digital services commercialization strategy is now actively unde...