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Iridium Communications Inc (IRDM)
NASDAQ:IRDM
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.27Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced concrete operational and financial strength — meeting 2025 guidance, delivering 5% OIBDA growth, strong free cash flow (~$296M) and a clear deleveraging and dividend plan — with near-term headwinds (notably a 9%–10% decline in broadband revenue, lower equipment sales, a $3M inventory charge, and lumpy PNT timing). Management emphasized long-term growth themes (IoT/NTN Direct, PNT, national security, aviation) and product launches with meaningful revenue potential, but 2026 guidance moderates growth while carrying a one-time OIBDA adjustment for incentive comp changes. On balance the positives (cash generation, margin resilience, government contracts, new product pipeline and partner additions) outweigh the near-term operational and accounting headwinds, though investors should expect some revenue mix pressure and lumpiness in PNT timing.Company Guidance
Met 2025 Guidance and Financial Performance
Achieved 2025 guidance; service revenue grew 3% for the year; full-year operational EBITDA (OIBDA) was $495.3M, up 5% year-over-year; total Q4 revenue $212.9M and Q4 OIBDA $115.3M.
Strong Free Cash Flow and Conversion
Pro forma free cash flow was $296.0M in 2025 with OIBDA-to-cash conversion of 60%; 2026 pro forma free cash flow projected at $318.0M (66% conversion and ~16% yield); company reiterates $1.5B–$1.8B pro forma FCF through 2030.
Healthy Balance Sheet and Deleveraging Path
Cash and cash equivalents approximately $96.5M at year-end; repaid all revolver borrowings; net leverage 3.4x OIBDA at end-2025 with target ~3.0x by year-end 2026 and long-term goal below 2.0x.
Dividend Growth and Capital Returns
Paid $62.9M in dividends in 2025 (dividend yield 3.3%); board expects another dividend increase in 2026 (prior increases averaged ~5% annually since 2023); retired ~6.8M shares in 2025 at average $27.07.
Commercial IoT and Product Momentum
Commercial IoT revenue grew 11% in Q4; commercial subscribers grew 4% in Q4; added ~40 new partners in 2025 and certified over 30 new IoT products during the year; expecting mid single-digit IoT growth in 2026 and strong interest in Iridium NTN Direct.
Hosted Payloads / PNT Momentum and Large Government Work
Hosted payloads and other data services up 13% in Q4; company highlighted progress on PNT (assured position, navigation & timing) and expects PNT to be a meaningful growth engine (targeting at least $100M annual PNT revenue by end of decade); secured >$1B of U.S. government awards over last five years and selected for Missile Defense Agency Shield (Golden Dome).
New Product Roadmap and Revenue Opportunity
Announcing multiple new initiatives for 2026 including Iridium NTN Direct, a new ASIC for PNT, new Iridium Certus GMDSS terminals, and a new IoT device — collectively described as representing >$200M of revenue opportunity by the end of the decade from introduced products.
Broadband and Engineering Business Framing
Engineering and support revenue strong at $37.1M in Q4; government revenue rose to $27.6M in Q4 reflecting EMSS contract step-up; CapEx disciplined at $100.3M for 2025 with 2026 CapEx expected to be similar.
IRDM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IRDM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $18.46 | $22.39 | +21.29% |
Oct 23, 2025 | $19.50 | $18.04 | -7.48% |
Jul 24, 2025 | $31.90 | $24.85 | -22.09% |
Apr 22, 2025 | $22.71 | $21.15 | -6.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Iridium Communications Inc (IRDM) report earnings?
Iridium Communications Inc (IRDM) is schdueled to report earning on Apr 16, 2026, Before Open (Confirmed).
What is Iridium Communications Inc (IRDM) earnings time?
Iridium Communications Inc (IRDM) earnings time is at Apr 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IRDM EPS forecast?
IRDM EPS forecast for the fiscal quarter 2026 (Q1) is 0.33.