Iridium Communications Inc. (IRDM) Earnings
Iridium Communications Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.26. IRDM has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise -0.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.27 | $0.20 | -25.9% | $219M | +0.3% |
| Feb 12, 2026 | $0.23 | $0.24 | +4.3% | $213M | -3.8% |
| Oct 23, 2025 | $0.26 | $0.35 | +34.6% | $227M | +3.6% |
| Jul 24, 2025 | $0.23 | $0.20 | -13.0% | $217M | -2.6% |
| Feb 13, 2025 | $0.15 | $0.31 | +106.7% | $213M | +1.6% |
| Oct 17, 2024 | $0.20 | $0.21 | +5.0% | $213M | +4.5% |
| Jul 23, 2024 | $0.17 | $0.27 | +58.8% | $201M | -0.4% |
| Apr 18, 2024 | $0.15 | $0.16 | +6.7% | $204M | +5.2% |
| Feb 15, 2024 | $0.03 | $0.29 | +811.9% | $195M | +0.4% |
| Oct 19, 2023 | $-0.00 | $-0.01 | -135.8% | $198M | +0.5% |
| Jul 25, 2023 | $-0.03 | $-0.24 | -759.3% | $193M | -2.7% |
| Apr 20, 2023 | $0.00 | $0.08 | +2281.0% | $205M | +9.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
We've had a good start to the year. Total revenue grew 2% as in service revenue. Reiterating our guidance for the year. New products under development like IoT's Iridium 9604 on track for June commercial availability, P&C's new ASIC rolling out in July, NTN Direct standards-based service progressing. Four growth factors: IoT as leader in satellite IoT, PNT with new ASIC expanding opportunities, national security missions with U.S. government, aviation safety as area of distinction.
Guidance
Affirming full year guidance. OEBITDA expected between $480 million and $490 million this year. Service revenue forecast flat to 2% growth in '26. Impact of shift to pay annual incentive compensation entirely in cash with $17 million impact to OEBITDA in '26.
Segment performance
Total revenue grew 2% as in service revenue. Commercial service revenues up 2% to $130.4 million. Voice and data revenue rose 3% to $57.4 million. Commercial IoT revenue was $46 million, up 5% from a year earlier. Commercial broadband was down 5% from the year ago period. Hosting and other data services revenue was $14.8 million this quarter, down about 1% from last year's comparable quarter. Government Service revenue was up modestly to $27.6 million. Engineering and support revenue was $40.8 million in Q1 as compared to $37.5 million in the prior year period.
Analyst Q&A
Q: Brent Penter on Amazon acquisition of Globalstar and strategic alliances related to spectrum.
A: Matthew Desch on it signals value of spectrum, not dramatically changing competition, not commenting on strategic alliances update.
Q: Christopher Quilty on Amazon acquisition and PNT business.
A: Matthew Desch on not sure on big LEO processing round, PNT business to have chunky step function pickups and subscriber by subscriber growth.
Q: Edison Yu on Amazon Globalstar and drones.
A: Matthew Desch on drone environment hot, activity around FAA rules.
Q: Hamed Khorsand on commercial IoT subscribers.
A: Matthew Desch on coming from both industrial and consumer.
Q: Timothy Horan on PNT and IoT adoption.
A: Matthew Desch on PNT in standards, IoT in chip integration.
Q: James Ratzer on network capacity utilization.
A: Matthew Desch on network reassigns every 90ms, planning 10x capacity increase.
Q: Justin Lang on spectrum and government users.
A: Matthew Desch on no issue with government users and spectrum transition.