Iridium Q2 net income $22M, OEBITDA up 6%; lowers service revenue guidance; dividend raised to $0.15

Iridium Communications Inc.

2025-Q2 EPS reported $0.48 vs consensus $0.25 ▲ beat (+95.1%)

Net income $22.0M ($0.20 diluted EPS) vs $32.3M ($0.27) in Q2 2024; OEBITDA $121.3M, up 6% YoY.
Total revenue $216.9M, up 8% YoY; service revenue $155.6M (+2%); equipment $19.5M (-15%); engineering & support $41.9M (+62%).
Board declared Q3 dividend $0.15/share, up from $0.14 (5.5% annual increase), payable Sep 30, record Sep 15.
Company repurchased 2.6M shares for $65M in Q2; $295.3M remaining under buyback authorization.
Updated FY2025 outlook: service revenue growth 3-5% (prev 5-7%); OEBITDA reaffirmed $490-500M; net leverage 3.6x.

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