---
schema_version: "secwatch.filing_event.v1"
accession: "0001418819-26-000027"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:30:37.697814+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001418819-26-000027
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/0001418819-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/irdm-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418819-26-000027
- JSON: https://secwatch.observer/filing/0001418819-26-000027.json
- Plain text: https://secwatch.observer/filing/0001418819-26-000027.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/0001418819-26-000027-index.htm

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