Iridium Communications
Connects commercial and government users through a global low-Earth-orbit satellite network.
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Profile
Sells mobile voice, data, IoT, broadband, positioning, navigation and timing services through a global satellite network. Commercial and government users are served worldwide through a partner-led distribution model.
Operates a restarted global low-Earth-orbit mobile-satellite network that delivers mobile voice and data, IoT data, broadband, positioning, navigation and timing services to commercial and government users. Hosted-payload, other data, related equipment, and engineering services extend the offering.
Businesses and U.S. and international government agencies are served worldwide through a partner-led distribution model. Commercial service, government service, related equipment, and engineering/support are separately reported revenue categories. Commercial IoT data accounts for most commercial subscribers, while U.S. government services remain a distinct service line. Network operations and the distribution-partner model shape the business.
Company facts
Key statistics
Year to date +162% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 22, 2026 | New Street | Upgrade | Neutral | Buy | ||
| Jun 30, 2026 | Morgan Stanley | Reiterate | Equal Weight | $26 | $54 | |
| Jun 29, 2026 | Oppenheimer | Downgrade | Outperform | Perform | ||
| Jun 29, 2026 | William Blair | Downgrade | Outperform | Market Perform | ||
| Jun 3, 2026 | Oppenheimer | Reiterate | Outperform | $60 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.28 | $0.09 | −68.1% | $220.3M | $225.2M | +2.2% | +1.66% |
| Apr 23, 2026Q1 FY26 | $0.27 | $0.20 | −25.9% | $218.4M | $219.1M | +0.3% | −4.81% |
| Feb 12, 2026Q4 FY25 | $0.23 | $0.24 | +4.3% | $218.0M | $212.9M | −2.3% | +3.48% |
| Oct 23, 2025Q3 FY25 | $0.26 | $0.35 | +34.6% | $219.1M | $226.9M | +3.6% | −0.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $214.9M | $216.9M | $226.9M | $212.9M | $219.1M | $225.2M | |
| Gross profit | $101.6M | $99.2M | $110.5M | $168.5M | $169.4M | $173.9M | |
| Operating income | $60.4M | $50.3M | $70.1M | $55.2M | $50.7M | $34.0M | |
| Net income | $30.4M | $22.0M | $37.1M | $24.9M | $21.6M | $9.7M | |
| Diluted EPS | $0.27 | $0.20 | $0.35 | $0.24 | $0.20 | $0.09 | |
| Gross margin | 47.3% | 45.7% | 48.7% | 79.1% | 77.3% | 77.2% | |
| Operating margin | 28.1% | 23.2% | 30.9% | 25.9% | 23.2% | 15.1% |
Fiscal years (4-quarter sums)FY21 $614.5M · FY22 $721.0M · FY23 $790.7M · FY24 $830.7M · FY25 $871.7M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $184.2M · Total debt $1.76B · Total assets $2.57B · Shareholders' equity $472.5M
Dividends
Raised for 2 straight years — most recently to $0.15 from $0.14 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.15 | |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.15 | |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.15 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.15 | raised from $0.14 |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.14 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.14 | |
| Dec 16, 2024 | Dec 16 | Dec 31 | $0.14 | |
| Sep 13, 2024 | Sep 13 | Sep 30 | $0.14 |
Ownership
Shares outstanding 105.96M · Float 93.32M · 88.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.45M | 12.69% | 13F | Aug 7, 2026 |
| Baralonco Limited | 10.00M | 9.44% | 13D | Aug 4, 2026 |
| AQR Capital Management LLC | 6.85M | 6.46% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 5.44M | 5.13% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 4.86M | 4.58% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Eric T. Olson | director | −8,000 | $50.61 |
| Aug 17, 2026 | Kathleen A. Morgan | officer: Chief Legal Officer | −33,192 | $50.35 |
| Aug 17, 2026 | Suzanne E. McBride | director, officer: Chief Operations Officer | −85,454 | $50.28 |
| Aug 17, 2026 | Timothy Kapalka | officer: CAO Iridium Satellite LLC | −13,473 | $50.51 |
| Aug 17, 2026 | Timothy James Last | officer: EVP, Sales & Marketing | −19,521 | $50.34 |
Peers
- Viasat
Mobile satellite voice/data, maritime and aviation broadband, and IoT.
- Globalstar
Global LEO mobile satellite services and two-way IoT.
- AST SpaceMobile
Direct-to-device cellular broadband for standard smartphones.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| Globalstar | $81.76 | −0.01% | $10.53B | — | — | 37.5 | −3.5% |
| AST SpaceMobile | $58.10 | +0.08% | $23.62B | — | — | 204.9 | +2,626.6% |
| Median | — | — | 37.5 | −1.2% |