Why Is IQSTEL INC (IQST) Stock Moving Today?

IQST stock is moving sharply higher today, surging more than 30% in early trading. The primary driver is the company’s preliminary first-half 2026 revenue report, which showed a 59% year-over-year increase to $207 million. The report also highlighted the potential for a $500 million annual revenue run rate following the pending Ultranet acquisition.

What Happened

IQSTEL (IQST) announced preliminary first-half 2026 net revenue of $207 million, up from $130 million in the same period of 2025. The company attributed the 59% year-over-year growth to strong performance across its business lines and said the Ultranet acquisition is expected to further accelerate revenue. The report also noted that the combined entity could exceed a $500 million annual revenue run rate and an $8 million EBITDA run rate. These figures were disclosed in a PR Newswire statement and echoed in multiple reports from Seeking Alpha, InvestorsHub, and MarketChameleon.

What The Data Shows

IQST opened with a 3.3% gap up from the prior close, reaching a session high of $1.38 within the first hour of trading. The stock last traded at $1.27, with 129.5 million shares exchanged so far, 66.8 times the 3-month daily average. The company has a market cap of $7.1 million, with an unprofitable track record (TTM EPS of -2.52) and a net margin of -2.6%. Despite this, revenue has grown 23.4% in the trailing twelve months, and the stock has traded between $0.87 and $10.37 over the past 52 weeks.

What To Watch

The company has not scheduled earnings for the near term, but coverage breadth and investor sentiment will be key to monitor. The Ultranet acquisition and its impact on financial metrics could drive further market interest in the coming weeks.