Iridium Communications (IRDM) Is Up 6.3% After Karrier One NTN IoT Integration Announcement – What’s Changed

• On October 1, 2025, Karrier One announced a Memorandum of Understanding with Iridium Communications to integrate Iridium NTN DirectSM IoT capabilities into the Karrier One ecosystem, enabling global device connectivity beyond the reach of terrestrial networks.
• This collaboration marks a significant step toward expanding Iridium's addressable market for mission-critical and remote IoT applications in areas lacking traditional infrastructure.
• We'll examine how Iridium’s global IoT integration with Karrier One may reframe growth opportunities in its investment narrative.

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Iridium Communications Investment Narrative Recap

To own Iridium Communications, investors need confidence in the long-term expansion of satellite-based IoT and resilient global communication driving recurring service revenue growth. While the Karrier One partnership extends Iridium’s IoT reach beyond terrestrial limits, its impact on near-term revenue catalysts is likely limited, as the biggest short-term risk remains the continued deceleration of IoT service growth and mounting ARPU pressure from customer migration patterns.

Among recent announcements, Iridium’s partnership with Deutsche Telekom stands out for its potential to broaden Iridium’s IoT direct-to-device connectivity, underlining the company’s ongoing pursuit of new addressable markets through major alliances. This approach may enhance recurring revenue streams, yet also underscores the critical importance of sustaining IoT growth as both risk and opportunity for Iridium's investment thesis.

However, investors should also consider the risk that, despite these new partnerships, IoT service revenue growth continues to slow and threatens...

Read the full narrative on Iridium Communications (it's free!)

Iridium Communications is projected to reach $982.9 million in revenue and $174.8 million in earnings by 2028. This outlook assumes annual revenue growth of 4.7% and an increase in earnings of $61.6 million from the current level of $113.2 million.

Uncover how Iridium Communications' forecasts yield a $33.38 fair value, a 78% upside to its current price.

Exploring Other Perspectives

Seven private investors in the Simply Wall St Community estimate Iridium’s fair value from US$25 to US$107.40 per share. While investor opinions vary, the potential deceleration in IoT service growth could carry broad implications for the company’s long-term outlook, consider exploring alternative perspectives to weigh these risks.

Explore 7 other fair value estimates on Iridium Communications - why the stock might be worth over 5x more than the current price!

Build Your Own Iridium Communications Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Iridium Communications research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Iridium Communications research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Iridium Communications' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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