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Gogo (GOGO) investor relations material
Gogo Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total Q2 2026 revenue was $222.8M, down 1–2% year-over-year and sequentially, with service revenue at $191.3M and equipment revenue at $31.5M; military/government service revenue surged 40% year-over-year and 20% sequentially to $39.9M.
Net loss was $2M, compared to $12.8M profit in Q2 2025 and $13.1M in Q1 2026; Adjusted EBITDA was $53.7M, down 13% year-over-year but up 1% sequentially; free cash flow was $21.6M.
Transformation continues from domestic air-to-ground provider to global broadband supplier, with strong momentum in next-gen technology and record military/government business performance.
Subscription-based service revenue comprised ~84% of revised 2026 revenue guidance, supporting stability and resilience.
Financial highlights
Service revenue was $191.3M, down 1% year-over-year but up 2% sequentially; equipment revenue was $31.5M, down 2% year-over-year and 18% sequentially.
Adjusted EBITDA was $53.7M; free cash flow was $21.6M.
Gross margin for Q2 2026 was $93.6M, down from $107.0M in Q2 2025; operating income was $29.7M, down from $36.0M.
Cash and cash equivalents at June 30, 2026, were $63.1M, down from $102.1M a year earlier.
Outlook and guidance
Full-year 2026 revenue guidance revised to $870M–$895M, with ~84% from service and ~16% from equipment.
Adjusted EBITDA guidance set at $175M–$185M, reflecting higher litigation expense and product mix.
Free cash flow expected at $65M–$85M for the year; net capital expenditures projected at $20M, assuming $45M in FCC reimbursement.
- Q1 2026 revenue was $226.3M, net income $13.1M, and 2026 guidance was reaffirmed.GOGO
Q1 2026 - LEO and 5G rollouts drive growth, with major fleet wins and focus on deleveraging.GOGO
Morgan Stanley Technology, Media & Telecom Conference 2026 - Shareholders will vote on directors, executive pay, equity plan expansion, and auditor ratification.GOGO
Proxy filing - Virtual annual meeting to vote on directors, compensation, equity plan, and auditor.GOGO
Proxy filing - Strong 2025 results and new product launches set stage for robust 2026 growth.GOGO
Q4 2025 - Q2 2025 revenue jumped 121% year-over-year, with raised 2025 guidance and strong integration progress.GOGO
Q2 2025 - Acquisition creates a unique global multi-orbit IFC leader with strong growth and synergy potential.GOGO
M&A Announcement - Q3 revenue up 3% to $100.5M; Satcom Direct deal to expand scale and multi-orbit growth.GOGO
Q3 2024 - Record service revenue and strong cash flow offset by sharp net income decline and 5G delay.GOGO
Q2 2024
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