NasdaqGS:IRDMTelecom
Did Flat Service-Revenue Guidance and Softer EPS Just Shift Iridium Communications' (IRDM) Investment Narrative?
In the first quarter of 2026, Iridium Communications Inc. reported revenue of US$219.06 million versus US$214.88 million a year earlier, while net income fell to US$21.59 million from US$30.41 million and diluted EPS from continuing operations eased to US$0.20 from US$0.27.
Iridium also reiterated its 2026 outlook for total service revenue to be flat to 2%, signaling a cautious near-term growth profile despite higher quarterly sales.
With Iridium reaffirming expectations for flat to slightly...