Quarterly ResultOct 20, 2026, 07:06 AM
Iridium Q3 Revenue $245.7M (+8% YoY); Aireon Acquisition Complete; Rocket Lab Deal Approved
AI Summary
Iridium Communications Inc. announced its third quarter 2026 financial results, reporting a total revenue of $245.7 million, an 8% increase compared to the prior year, primarily driven by service revenue growth and the acquisition of Aireon. Net income significantly increased to $106.9 million ($0.98/share) from $37.1 million ($0.35/share) in Q3 2025, largely due to a gain from the Aireon acquisition. The company also reported that its stockholders approved the pending acquisition by Rocket Lab. Iridium plans to increase its quarterly dividend to $0.16 per share starting in Q4 2026.
Key Highlights
- Iridium Communications Inc. reported Q3 2026 total revenue of $245.7 million, an 8% increase year-over-year.
- Net income for Q3 2026 was $106.9 million, or $0.98 per diluted share, up from $37.1 million ($0.35/share) in Q3 2025, boosted by a $103.9 million gain from Aireon acquisition.
- Total billable subscribers reached 2,696,000, a 6% increase year-over-year, driven by commercial IoT growth.
- Completed the acquisition of Aireon on July 2, 2026.
- Stockholders approved the pending acquisition by Rocket Lab with 99.6% of votes cast in favor.
- The company plans to increase its quarterly dividend to $0.16 per share starting Q4 2026.
- Operational EBITDA for Q3 2026 was $135.6 million, a slight decrease from $136.6 million in the prior-year period.
Price Impact
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