Iridium reports Q3 EPS 35c, consensus 25c

Reports Q3 revenue $226.94M, consensus $222.13M. “We continue to execute with discipline, focusing efforts on growth markets where our unique network delivers a competitive advantage, specifically in government, regulated industries, and critical infrastructure,” said Matt Desch, CEO of Iridium (IRDM). “We expect our investments in support of services for these strategic areas to drive resilient financial results as we continue to innovate and focus on long-term value creation.” Desch added, “Our continued strong cash flow supported the increase in our quarterly dividend, equivalent to a 5% increase for the full year. Going forward, we plan to continue growing our annual dividend and bolstering our cash position to enhance strategic flexibility.” The company ended the third quarter with 2,542,000 total billable subscribers, up from 2,482,000 for the year-ago period and 2,483,000 for the quarter ended June 30, 2025. Total billable subscribers grew 2% year-over-year, led by growth in commercial IoT.