TIM reports second-quarter growth as TIM stock keeps Hold consensus

Published on 10/02/2026 at 17:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TIM's second-quarter net income exceeded BRL 1.00 billion. Analysts set a USD 24.82 average target for TIM stock on September 9, 2026.

TIMB, US88706T1088, Illustration mit AI erstellt.

TIM S.A. (US88706T1088) reported second-quarter 2026 net income above BRL 1.00 billion, up 6.00 percent year over year, according to ScanX News on September 17, 2026. The same results showed quarterly revenue approaching BRL 7.00 billion and gave investors a clearer view of the Brazilian telecom operator's operating leverage.

First-half growth outpaces revenue

According to Yahoo Finance, TIM's service revenue increased 6.00 percent in the first half of 2026, while EBITDA grew 7.00 percent and EBITA after lease rose 8.00 percent. The comparison matters because profitability expanded faster than service revenue, pointing to the effect of cost discipline and operating efficiency.

Operating cash flow exceeded BRL 3.00 billion in the first half of 2026, with double-digit growth, ScanX News reported. That cash generation supports TIM's stated balance between network investment, shareholder remuneration and the integration of broadband assets.

Mobile remains the earnings base

Postpaid customers represented close to 70.00 percent of mobile service revenue in the second quarter of 2026, while B2B contributed 7.00 percent of service revenue, according to Yahoo Finance. The mix gives TIM two distinct operating drivers: a higher-value mobile base and expanding enterprise services built around connectivity, Internet of Things solutions and digital services.

The earnings call also described TIM Ultracombo, TIM Play and TIM Fit as recently launched commercial propositions. More than 2 million customers had engaged with artificial-intelligence agents in debt collection, a concrete example of how management is linking technology spending to productivity gains.

Analysts keep a cautious rating

MarketBeat reported on September 9, 2026 that 13 brokerages held a Hold consensus on TIM, including nine hold ratings, two buy ratings, one strong-buy rating and one sell rating. The average 12-month price target was USD 24.82, while the reported 52-week range was USD 17.14 to USD 28.22.

The analyst picture therefore combines a quantified valuation gap with a cautious consensus. TIM's operating figures show faster growth in EBITDA after lease than in first-half service revenue, but the rating mix indicates that analysts continue to weigh execution, competition and capital allocation alongside the improvement in profitability.

Market value on October 2

TIM had a market capitalization of USD 8.3 billion as of October 2, 2026. The company is listed on the NYSE under the ticker TIMB and operates in Brazil's telecommunications services market, providing mobile, fixed-line, broadband and digital services.