Iridium Communications Inc (IRDM)
NASDAQ:IRDM
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.27Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive outlook driven by steady top-line growth (service revenue +2%), strong product pipeline momentum (Iridium 9604, PNT ASIC, NTN Direct) and improving ARPU in voice and data (+7%). Management reaffirmed full-year guidance, highlighted robust engineering and government revenue growth, and projected meaningful free cash flow over the decade. Headwinds include a 5% decline in Q1 OEBITDA (partly driven by a one-time compensation accounting change with a $17M FY impact), a 5% decline in commercial broadband, higher Q1 SG&A, and uncertainty on the timing of large PNT contract revenue. Overall, the positives — recurring revenue growth, product/standards progress, and cash flow outlook — outweigh the near-term operational and timing challenges.Company Guidance
Revenue and Service Revenue Growth
Total revenue and service revenue each grew 2% year-over-year. Service revenue reached $130.4 million in Q1 and management reiterated full-year service revenue guidance of flat to +2% for 2026.
OEBITDA and Fiscal Guidance Affirmation
Operational EBITDA (OEBITDA) was $116.3 million in Q1. Management affirmed full-year OEBITDA guidance of $480 million to $490 million for 2026 and noted the adjusted (no cash-only comp change) OEBITDA range would be $497 million to $507 million.
Voice & Data Strength and ARPU Improvement
Voice and data revenue rose 3% year-over-year to $57.4 million. Average revenue per user (ARPU) increased 7% year-over-year, with management expecting ARPU to remain about $48 for the remainder of the year.
Commercial IoT Growth and Subscriber Stabilization
Commercial IoT revenue was $46.0 million, up 5% year-over-year. Net subscriber trends have largely stabilized following prior-year volatility tied to a partner pricing change, and early trials of the Iridium 9604 modem show positive feedback.
Strong New Product & Standards Progress (9604, ASIC, NTN Direct)
Product pipeline momentum: Iridium 9604 tri-mode module on track for commercial availability in June; new PNT ASIC rolling out in July (>100 companies expressed interest); Iridium NTN Direct progressing toward commercial launch later this year with 7 MNO agreements signed and live demonstrations to partners.
Engineering & Support and Government Momentum
Engineering and support revenue increased to $40.8 million from $37.5 million a year earlier (~+8.8%). Government service revenue rose modestly to $27.6 million, supported by EMSS contract step-ups and growing national security work (Space Development Agency and other government engagements).
Strong Free Cash Flow Outlook and Shareholder Returns
Projected pro forma free cash flow of about $318 million for 2026 and management expects $1.5 billion to $1.8 billion of free cash flow over the remainder of the decade. Cash and equivalents were $111.6 million at quarter-end and the company paid a quarterly dividend of $0.15 per share.
Clear Strategic Focus on Four Growth Pillars
Management reiterated focus on four prioritized growth areas (IoT, PNT, national security, aviation safety). They reaffirm targets such as PNT potentially driving at least $100 million in annual revenue by 2030 and emphasized complementary positioning versus large D2D entrants.
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 |
|---|---|---|---|
Apr 23, 2026 | $40.40 | $40.93 | +1.31% |
Feb 12, 2026 | $18.35 | $22.25 | +21.29% |
Oct 23, 2025 | $19.38 | $17.93 | -7.48% |
Jul 24, 2025 | $31.71 | $24.70 | -22.09% |
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 Jul 28, 2026, Before Open (Confirmed).
What is Iridium Communications Inc (IRDM) earnings time?
Iridium Communications Inc (IRDM) earnings time is at Jul 28, 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 (Q2) is 0.27.