IQSTEL Reaches $450 Million Annualized Revenue Run Rate
IQSTEL Inc. announced it has reached an annualized revenue run rate of $450 million, driven by $37.5 million in net revenue for July. The company reaffirmed its $430 million full-year revenue objective.
IQSTEL Inc. (NASDAQ: IQST) reported on September 22, 2026, that it has achieved an annualized revenue run rate of $450 million. This milestone was supported by $37.5 million in net revenue recorded during July.
The company's July performance reinforces its previously stated goal of generating $430 million in revenue for the full fiscal year 2026. IQSTEL operates as a global telecommunications and technology provider.
Additionally, IQSTEL is planning an acquisition of Ultranet, an entity projected to contribute $4.5 million in net income. Specific terms and the timeline for the Ultranet acquisition have not yet been disclosed, but it is expected to enhance the company's growth trajectory.
The company has not provided further details on the composition of these revenue figures or the precise timing of the Ultranet transaction. Further updates are anticipated.