---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-201436"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2022-07-26T23:59:59+00:00"
generated_at: "2026-06-24T08:41:20.282940+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Iridium Q2 revenue $174.9M (+17% YoY); raises FY22 service revenue and OEBITDA guidance; smartphone deal

## Summary
- Q2 net income $4.6M ($0.04 diluted EPS) vs $3.8M ($0.03) YoY; total revenue $174.9M (+17%); OEBITDA record $105.9M (+12%).
- Raised FY22 service revenue growth outlook to 7-9% from 5-7%; OEBITDA guidance raised to $410-420M from $400-410M.
- Smartphone development agreement: contingent on successful development and service provider agreement by end of 2022; fees, royalties, network usage fees plus recoupment payments.
- Commercial IoT subscribers 1.323M (+22% YoY); total billable subscribers 1.875M (+16% YoY).
- Repurchased 1.0M shares for $35M; $267.5M still authorized under $600M buyback program.

## SEC filing metadata
- accession: 0001193125-22-201436
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2022-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000119312522201436/0001193125-22-201436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000119312522201436/d364873d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-201436
- JSON: https://secwatch.observer/filing/0001193125-22-201436.json
- Plain text: https://secwatch.observer/filing/0001193125-22-201436.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.