| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 225.24 | 2.8% | 3.8% |
| Total Income | 225.24 | 2.8% | 3.8% |
| Expenditure | 191.23 | 13.6% | 14.8% |
| PBT | 14.31 | 54.1% | 46.3% |
| Net Profit | 9.68 | 55.2% | 55.9% |
| OPM | 15.10% | 8.05pp | 8.07pp |
| NPM | 4.30% | 5.56pp | 5.83pp |
| EPS | 0.09 | 55.0% | 55.0% |
Iridium Communications Reports Q2 2026 Results
22 Jul 2026 · 22 Jul, 4:36 pm
Summary
Iridium Communications Inc. reported second quarter 2026 total revenue of $225.2 million, marking a 4% increase compared to the same period in 2025. Service revenue, a key recurring revenue stream, also grew by 4% and constituted 72% of total revenue. The company saw a 6% year-over-year increase in total billable subscribers, reaching 2,627,000, primarily driven by commercial IoT. Management noted that the pending acquisition by Rocket Lab is expected to close in mid-2027, and in light of this, the company will not be holding conference calls or providing financial guidance.
Key Highlights
- 1
Iridium reported second quarter total revenue of $225.2 million, a 4% increase versus the comparable period of 2025.
- 2
Service revenue grew 4% from the year-ago period and represented 72% of total revenue for the second quarter of 2026.
- 3
Total billable subscribers grew 6% year-over-year to 2,627,000, led by growth in commercial IoT.
- 4
Commercial service revenue was $133.7 million, up 4% from the comparable period last year.
- 5
Government service revenue grew 3% to $27.6 million in the second quarter.
- 6
Equipment revenue increased 7% to $20.8 million in the second quarter compared to $19.5 million in the prior-year quarter.
- 7
Engineering and support revenue increased 3% to $43.1 million during the second quarter.
Management Comments
Matt Desch
Iridium’s global network and expanding service portfolio continues to be the gold standard for mission critical applications. We believe vertically integrating with Rocket Lab’s industry leading launch and satellite capabilities will allow the combined company to realize even greater ambitions to solve important connectivity challenges around the world.
Informational and educational content only. Not investment advice.