Iridium Q1 revenue up 2% to $219.1M, net income drops to $21.6M; reiterates FY outlook

Iridium Communications Inc.

2026-Q1 EPS reported $0.20 vs consensus $0.34 ▼ miss (-41.5%)

Total revenue $219.1M (+2% YoY); service revenue $158.0M (+2%).
Net income $21.6M ($0.20 EPS) vs $30.4M ($0.27) a year ago; OEBITDA $116.3M vs $122.1M.
Ended Q1 with 2,555,000 billable subscribers (+5% YoY); commercial IoT subs grew 7% to 2,019,000.
Reiterated FY2026 OEBITDA guidance $480-490M, reflecting $17M cash compensation shift.
Paid $0.15/share dividend on Mar 31, 2026; net leverage 3.4x OEBITDA.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Iridium Communications Inc. reported first quarter ended March 31, 2026 results: revenue $219.1 million, net income $21.6 million, EPS $0.20 per diluted share.

Period: first quarter ended March 31, 2026
Revenue: $219.1 million
Net income: $21.6 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

Iridium reported first quarter total revenue of $219.1 million, which consisted of $158.0 million of service revenue and $61.0 million of revenue related to equipment sales and engineering and support projects.

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Source: SEC EDGAR

accession 0001418819-26-000027

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