Iridium Q2 FY26 net income drops to $9.7 million; revenue rises 4% to $225.2 million

Reuters2026/07/22 11:05

By:Reuters

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Iridium Q2 revenue rose 4% to USD 225.24 million, with service revenue at USD 161.33 million, also up 4%.
Net income fell to USD 9.7 million, or USD 0.09 per diluted share, from higher transaction costs.
Operational EBITDA edged down to USD 119.11 million from a change to pay annual incentives fully in cash.
Total billable subscribers climbed 6% year over year to 2,627,000, led by commercial IoT growth.
Rocket Lab agreed to acquire Iridium, with the deal expected to close in mid-2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iridium Communications Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607220701PR_NEWS_USPR_____PH08628) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Iridium Q2 FY26 net income drops to $9.7 million; revenue rises 4% to $225.2 million

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