Iridium Communications Inc. Q2 2026: Revenue $225.2M, Net income $9.7M — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Iridium Communications reported Q2 2026 revenue of $225.2M, up 3.8% YoY, but net income fell to $9.7M from $22M due to higher SG&A and transaction costs. Services revenue grew 3-4%, driven by commercial IoT and voice/data. Billable subscribers rose 6% to 2.63M. The company completed its acquisition of Aireon's remaining stake, integrating space-based ADS-B capabilities.
Iridium Communications Inc. reported second-quarter 2026 results with revenue of $225.2M, up 3.8% year over year, while net income fell to $9.7M from $22M a year earlier, weighed down by higher SG&A and transaction costs.
Financial Highlights
- Revenue: $225.2M for Q2 2026, compared with $216.9M in Q2 2025; YoY change 3.8%.
- Net income: $9.7M for Q2 2026, compared with $22.0M in Q2 2025; YoY change (56%).
- Diluted earnings per share: Not provided for Q2 2026 in Part I Items 1–2 and therefore omitted.
Business Highlights
- Services revenue grew about 3–4% year over year, led by commercial IoT, voice/data and hosted payloads.
- Billable subscribers rose roughly 6% year over year to about 2.63M, driven primarily by IoT growth.
- Wholesale distribution expansion — about 120 providers and ~320 VARs — is supporting broader product adoption.
- Completed acquisition of the remaining 60.5% of Aireon, integrating space-based ADS-B surveillance capabilities.
- Price increases and new applications lifted ARPU in voice/data, partly offsetting pressure on broadband ARPU.
Original SEC Filing: Iridium Communications Inc. [ IRDM ] - 10-Q - Jul. 22, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.