Gogo Inc (GOGO)
NASDAQ:GOGO
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.09Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive transformation narrative: strong execution on next‑generation products (Galileo and 5G), notable fleet and military/government wins, equipment revenue growth (+22% Y/Y) and a sizable sequential improvement in adjusted EBITDA (+41% sequential). However, the company is managing near‑term headwinds including declining legacy service revenue (service revenue -5% Y/Y), ATG aircraft online attrition (-11% Y/Y), negative free cash flow in the quarter (FCF -$19.2M), and a temporarily elevated leverage profile (3.6x) that may rise mid‑year. Management reiterated guidance and emphasized debt paydown, FCC reimbursements and anticipated H2 activation ramps, suggesting confidence in returning to stronger cash generation later in 2026. Overall, the positives around product momentum, commercial and government contract wins, and sequential margin improvement outweigh the current legacy revenue and cash flow challenges.Company Guidance
Galileo Shipments and Fleet Wins
Shipped 92 Galileo terminals in Q1 (82 HDX, 10 FDX), bringing cumulative Galileo shipments to 410 units across 35 STCs covering ~7,000 aircraft; 14 additional STCs underway to expand addressable market to ~8,500 aircraft. Major fleet wins include VistaJet (≈100 in scope as part of >270 planned), Wheels Up (80+ aircraft), and NetJets Europe (committed rollout to be completed in H1 2026); Galileo AOL grew 50% sequentially and management expects a strong ramp as OEM line-fit installations begin in H2.
Record ATG Equipment Sales and 5G Momentum
Sold a record 511 ATG units in the quarter (52 were 5G); total ATG equipment sold up 8% vs Q4 2025. Equipment revenue was $38.6 million, up 22% year-over-year. Pipeline for 5G is over 500 units and OEM/MRO partners (e.g., Textron, Duncan) are supporting rollout and STC activity.
C1 Conversions and AVANCE Adoption
Reported record C1 conversions of 254 in Q1 and cumulative C1 units sold of 1,063. Sold 327 C1 units in the quarter (up 10% sequentially) and 184 AVANCE units (up 5% sequentially), demonstrating customer migration from legacy EVDO to LTE/5G-ready platforms.
Military & Government Revenue Growth and Large Contracts
Military and government service revenue increased 7% sequentially (second consecutive quarter of growth) and management cited 14% year-over-year growth in the segment in commentary. Secured NOAA contract >$8 million over 5 years, a U.S. civil government deal >$3 million, UAV-related deals expected to deliver >$15 million over contract periods, and U.S. Air Force approval for Plain Simple Ku-band tail-mount on C-130 (opens access to >1,000 aircraft).
Adjusted EBITDA Sequential Improvement and Synergies
Adjusted EBITDA was $53.3 million, a 41% sequential increase driven by improved equipment profit mix, lower inventory reserves and reduced ED&D expenses. Annualized synergies have reached $40 million, exceeding prior targets.
Balance Sheet Actions and Debt Paydown
Made a $21.1 million principal payment on the HPS term loan in April (ECF sweep) and ended the quarter with $103.5 million in cash. Net leverage was 3.6x at quarter end with a plan to reduce leverage by year-end.
Guidance Reiterated with FCF Outlook
Reiterated 2026 guidance: total revenue $905–$945 million, adjusted EBITDA $198–$218 million, and free cash flow $90–$110 million (implying ~12% Y/Y FCF growth at midpoint). Guidance assumes $30 million strategic investments, $20 million net capex (assuming $45 million FCC reimbursement).
FCC Reimbursement and Transition Flexibility
Secured FCC extension to November 8, 2026 for classic product migration and allocated the full approved reimbursement amount of approximately $334 million to cover removal/replacement of covered foreign equipment, providing flexibility to transition customers from legacy EVDO to new platforms.
GOGO 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
GOGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $4.30 | $4.67 | +8.60% |
Feb 27, 2026 | $4.35 | $4.23 | -2.76% |
Nov 06, 2025 | $8.76 | $7.62 | -13.07% |
Aug 07, 2025 | $15.31 | $12.05 | -21.29% |
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 Gogo Inc (GOGO) report earnings?
Gogo Inc (GOGO) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Gogo Inc (GOGO) earnings time?
Gogo Inc (GOGO) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GOGO EPS forecast?
GOGO EPS forecast for the fiscal quarter 2026 (Q2) is 0.06.