--- title: "Iridium Comm | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 225.24 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293462395.md" datetime: "2026-07-22T11:03:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293462395.md) - [en](https://longbridge.com/en/news/293462395.md) - [zh-HK](https://longbridge.com/zh-HK/news/293462395.md) --- # Iridium Comm | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 225.24 M Revenue: As of FY2026 Q2, the actual value is USD 225.24 M, beating the estimate of USD 220.45 M. EPS: As of FY2026 Q2, the actual value is USD 0.09, missing the estimate of USD 0.2627. EBIT: As of FY2026 Q2, the actual value is USD 32.05 M. ### Financial Results for Q2 2026 and Six Months Ended June 30, 2026 #### Total Revenue Iridium Communications Inc. reported total revenue of $225.2 million for the second quarter of 2026, a 4% increase compared to Q2 2025. For the six months ended June 30, 2026, total revenue was $444.294 million, up from $431.784 million for the same period in 2025. #### Service Revenue Service revenue, comprising 72% of total revenue for Q2 2026, grew 4% to $161.328 million compared to $155.570 million in the prior-year period. For the six months ended June 30, 2026, total service revenue was $319.357 million, an increase from $309.862 million in 2025. - **Commercial Service Revenue:** This segment generated $133.7 million in Q2 2026, up 4% from $128.820 million in Q2 2025, and represented 59% of the Company’s total revenue. For the six months ended June 30, 2026, commercial service revenue was $264.107 million, up 3% from $256.362 million in 2025. - Commercial IoT data revenue increased by $2.3 million, or 5%, to $47.071 million in Q2 2026 from $44.741 million in Q2 2025. - Hosted payload and other data service revenue increased by $2.0 million, or 14%, to $16.571 million in Q2 2026 from $14.545 million in Q2 2025. - Commercial voice and data revenue increased by $1.6 million, or 3%, to $58.387 million in Q2 2026 from $56.810 million in Q2 2025. - Commercial broadband revenue decreased by -8% to $11.674 million in Q2 2026 from $12.724 million in Q2 2025. - **U.S. Government Service Revenue:** This segment grew 3% to $27.6 million in Q2 2026 from $26.750 million in Q2 2025. For the six months ended June 30, 2026, government service revenue was $55.250 million, up 3% from $53.500 million in 2025. #### Equipment Revenue Equipment revenue was $20.8 million in Q2 2026, up 7% compared to $19.455 million in Q2 2025. For the six months ended June 30, 2026, subscriber equipment revenue was $40.986 million, a -4% decrease from $42.576 million in 2025. #### Engineering & Support Revenue Engineering and support revenue was $43.1 million in Q2 2026, up 3% compared to $41.881 million in Q2 2025. For the six months ended June 30, 2026, engineering and support revenue was $83.951 million, up 6% from $79.346 million in 2025. #### Net Income Net income for Q2 2026 was $9.7 million, compared to $22.0 million for Q2 2025. For the six months ended June 30, 2026, net income was $31.273 million, compared to $52.380 million for the same period in 2025. #### Operational EBITDA (OEBITDA) Operational EBITDA was $119.1 million for Q2 2026, compared to $121.3 million for Q2 2025. For the six months ended June 30, 2026, OEBITDA was $235.448 million, a -3% decrease from $243.431 million in 2025. #### Operating Income Operating income for Q2 2026 was $34.008 million, compared to $50.258 million for Q2 2025. For the six months ended June 30, 2026, operating income was $84.721 million, compared to $110.646 million for the same period in 2025. #### Operating Expenses Total operating expenses for Q2 2026 were $191.229 million, compared to $166.648 million for Q2 2025. For the six months ended June 30, 2026, total operating expenses were $359.573 million, compared to $321.138 million for the same period in 2025. #### Capital Expenditures Capital expenditures were $21.8 million for Q2 2026, including $1.6 million in capitalized interest. For the six months ended June 30, 2026, capital expenditures were $51.791 million, compared to $45.256 million for the same period in 2025. #### Debt and Cash Position Iridium Communications Inc. ended Q2 2026 with gross Term Loan debt of $1.8 billion and a cash and cash equivalents balance of $184.2 million, resulting in a net debt balance of $1.6 billion. Net debt for Q2 2025 was $1.745 billion. #### Subscriber Metrics The Company ended Q2 2026 with 2,627,000 total billable subscribers, a 6% year-over-year increase from 2,483,000, with Commercial IoT leading this growth. - **Commercial Subscribers:** Total commercial voice and data, IoT data, and broadband service subscribers were 2,509,000 as of June 30, 2026, up 7% from 2,355,000 in 2025. - Commercial IoT data subscribers were 2,091,000, up 9% from 1,924,000 in 2025. - **Government Subscribers:** Total government voice and data and IoT data service subscribers were 118,000 as of June 30, 2026, down -8% from 128,000 in 2025. #### Average Monthly Revenue Per Unit (ARPU) - **Commercial Voice and Data ARPU:** $49 in Q2 2026, up 7% from $46 in Q2 2025. - **Commercial IoT Data ARPU:** $7.64 in Q2 2026, down -2% from $7.83 in Q2 2025. - **Commercial Broadband ARPU:** $243 in Q2 2026, down -7% from $260 in Q2 2025. #### Outlook / Guidance Iridium Communications Inc. expects its acquisition by Rocket Lab Corporation to close in mid-2027, and due to this pending transaction, the company will not provide financial guidance or hold conference calls. The company also anticipates a renewal of its EMSS Contract with the U.S. Space Force by March 2027 and projects its acquisition of Aireon LLC to add at least $100 million in service revenue and $30 million in OEBITDA annually. ### Related Stocks - [IRDM.US](https://longbridge.com/en/quote/IRDM.US.md) ## Related News & Research - [Iridium Communications (IRDM) Stock Faces Margin Compression As Net Profitability Weakens Narrative](https://longbridge.com/en/news/293684760.md) - [Iridium’s Merger Covenants May Block Superior Deals and Leave Shareholders Exposed](https://longbridge.com/en/news/293565941.md) - [Baxter Q2 2026 Earnings Preview](https://longbridge.com/en/news/294224876.md) - [Iridium and SKYWAVE™, an ORBCOMM® company, Partner to Advance Global Industrial IoT for Heavy Equipment OEMs | IRDM Stock News](https://longbridge.com/en/news/294057251.md) - [Equatorial Energia updates financial calendar for 2026 disclosures](https://longbridge.com/en/news/294368263.md)