Monitor the next earnings call for details on subscriber growth sustainability and OEBITDA recovery, as the miss was driven by a one-time accounting change rather than operational decline.
Price Chart
Executive Summary
Iridium Communications reported Q1 2026 earnings with $219.1M revenue (2% YoY growth) and $0.20 EPS, missing consensus estimates of $0.28. Service revenue grew 2% YoY, driven by commercial IoT, while OEBITDA declined 5% YoY due to a change in incentive compensation accounting. The company reiterated its 2026 guidance of flat-to-2% service revenue growth and $480M–$490M OEBITDA.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $219.1M (2% YoY growth), consensus: $219.2M
- Q1 2026 EPS: $0.20, consensus: $0.28 (miss by $0.08)
- Service revenue: $158.0M, up 2% YoY, driven by commercial IoT growth
- OEBITDA: $116.3M, down 5% YoY due to $4.2M increase in accrued expenses from change in incentive compensation accounting
- Total billable subscribers: 2.555M, up 5% YoY, led by commercial IoT
- Reiterated 2026 guidance: service revenue flat to 2% growth, OEBITDA $480M–$490M
Financial Impact
Revenue missed by $0.1M and EPS missed by $0.08, with OEBITDA down 5% YoY due to a $4.2M accounting change impact
Risk Factors
- OEBITDA decline due to accounting change may pressure margins
- Lower-than-expected EPS could affect investor sentiment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001418819-26-000027 |
| Document: irdm-20260423.htm | 0001418819-26-000027 |
| Document: 0001418819-26-000027-index-headers.html | 0001418819-26-000027 |
| Document: 0001418819-26-000027-index.html | 0001418819-26-000027 |
| Document: 0001418819-26-000027.txt | 0001418819-26-000027 |
| 8-K Data (Synthetic) | 0001418819-26-000027 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 425 | $47.09 $48.65 | ▲ +3.31% | ▲ +1.20% | $48.96 (+3.97%) |
Sep 15, 2026 17d ago | 8-K | $47.09 $48.65 | ▲ +3.31% | ▲ +1.20% | $48.96 (+3.97%) |
Sep 3, 2026 29d ago | 425 | $47.21 $46.18 | ▼ −2.18% | ▼ −0.97% | $48.96 (+3.71%) |
Aug 19, 2026 6w ago | Insider Cluster | $48.45 $47.64 | ▼ −1.67% | ▼ −2.79% | $48.96 (+1.05%) |
Aug 19, 2026 6w ago | Insider Cluster | $48.71 $47.20 | ▲ +3.10% | ▲ +2.71% | $48.96 (−0.51%) |
Aug 10, 2026 7w ago | 8-K | $49.38 $49.03 | ▼ −0.71% | ▼ −0.31% | $48.96 (−0.85%) |
Aug 6, 2026 8w ago | 425 | $49.93 $50.20 | ▲ +0.54% | ▲ +0.14% | $48.96 (−1.94%) |
Jul 22, 2026 10w ago | 8-K | $46.86 $44.36 | ▼ −5.33% | ▼ −2.93% | $48.96 (+4.48%) |
Jul 9, 2026 12w ago | Press Release | $50.06 $46.61 | ▲ +6.89% | ▲ +6.33% | $48.96 (+2.20%) |
Jul 6, 2026 12w ago | 425 | $51.09 $48.86 | ▼ −4.36% | ▼ −4.92% | $48.96 (−4.17%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access