Quarterly ResultMay 7, 2026, 04:10 PM
Gogo Q1 Revenue $226.3M; Net Income $13.1M; Equipment Revenue +22%
AI Summary
Gogo Inc. announced its first-quarter 2026 financial results, reporting total revenue of $226.3 million, a 2% decrease year-over-year. Net income reached $13.1 million, up from $12.0 million in Q1 2025 and a significant improvement from a ($10.0) million loss in Q4 2025. Equipment revenue grew 22% year-over-year to $38.6 million, driven by record ATG unit sales. The company also highlighted the scaling of Gogo Galileo and 5G, and a $21.1 million debt principal repayment in April.
Key Highlights
- Total revenue was $226.3 million, down 2% compared to Q1 2025.
- Equipment revenue increased 22% year-over-year to $38.6 million.
- ATG equipment units sold reached a record 511 in Q1 2026.
- Net income was $13.1 million, up from $12.0 million in Q1 2025.
- Adjusted EBITDA was $53.3 million, up 41% sequentially from Q4 2025.
- Service revenue decreased 5% year-over-year to $187.7 million.
- Repaid $21.1 million debt principal in April 2026.
- Reaffirmed 2026 guidance: total revenue $905M-$945M, Adjusted EBITDA $198M-$218M, Free Cash Flow $90M-$110M.