Iridium Q3 revenue $245.7M, up 8%; EPS $0.98 on $103.9M Aireon gain; Rocket Lab deal approved

Iridium Communications Inc.

2026-Q3 EPS reported $1.28 revenue$690,027,000

Revenue $245.7M (+8% YoY); service revenue +13% and 76% of total; net income $106.9M ($0.98 diluted) vs $37.1M ($0.35), aided by $103.9M Aireon gain.
OEBITDA $135.6M vs $136.6M prior year, partly on $4.5M higher expense from paying annual incentive comp solely in cash. Subscribers 2,696,000, +6% YoY led by commercial IoT.
Commercial service revenue $159.9M (+16%); hosted payload/other data +$22.7M (+121%) on Aireon. Government service $27.6M (+2%); equipment $19.0M vs $21.5M.
Aireon acquisition closed July 2, 2026; assumed $154.7M credit facility due Oct 10, 2028 and $183.4M non-interest seller note. Net leverage 4.2x; net debt $2.1B.
Rocket Lab (RKLB) deal approved by 99.6% of votes cast (81.4% of outstanding) on Sept 24; close seen mid-2027. Q3 dividend $0.15 paid; Q4 rises to $0.16.

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