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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Iridium Communications
Iridium Communications (IRDM) investor relations material
Iridium Communications Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary20 Oct, 2026
Executive summary
Q3 revenue rose 8% YoY to $245.7M, while operating income fell to $31.6M; net income reached $106.9M, primarily due to the $103.9M Aireon remeasurement gain.
Service revenue increased 13% to $187.5M, primarily reflecting Aireon’s acquisition; Q3 OEBITDA was nearly flat YoY.
Aireon’s remaining 60.5% was acquired July 2, bringing ownership to 100%; the pending Rocket Lab transaction is expected to close by mid-2027, subject to remaining conditions.
Billable subscribers increased 6% YoY to 2.696M at September 30, 2026.
Financial highlights
Q3 revenue was $245.7M, up 8% YoY; 9M revenue was $690.0M, up 5%. Q3 service revenue was $187.5M, up 13%.
Q3 operating income was $31.6M vs. $70.1M; 9M operating income was $116.3M vs. $180.7M, primarily reflecting higher SG&A and acquisition-related costs.
Q3 net income was $106.9M vs. $37.1M; 9M net income was $138.2M vs. $89.5M, including a $103.9M after-tax Aireon remeasurement gain. Q3 diluted EPS was $0.98 vs. $0.35.
Q3 SG&A increased 111% YoY to $74.9M, including $21.3M of transaction costs; 9M SG&A rose 62% to $187.8M, including $36.3M of transaction costs.
Q3 OEBITDA was $135.6M vs. $136.6M; 9M OEBITDA was $371.1M vs. $380.0M. 9M operating cash flow was $281.7M vs. $291.5M.
Outlook and guidance
2026 subscriber equipment revenue is expected to be in line with 2025; engineering and support service revenue is expected to exceed 2025.
SG&A is expected to moderate from Q3 levels as transaction costs decrease; merger process and Aireon integration have increased professional and advisory fees.
The EMSS contract was extended through March 2027 at the existing rate; renewal is expected in 2027.
Rocket Lab transaction closing is expected by mid-2027, subject to remaining regulatory approvals and customary closing conditions.
A planned Q4 2026 dividend increase to $0.16 per share would raise the full-year dividend 5.2%; comparable dividends remain subject to earnings, capital needs, financial condition and Board discretion.
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Latest events from Iridium Communications
- Merger with Rocket Lab and executive compensation proposals approved by stockholders.IRDM
EGM 2026 - Iridium shareholders to receive $27 cash and Rocket Lab stock per share in recommended merger.IRDMProxy filing
- Q2 2026 revenue up 4%, net income down on higher costs; Aireon deal closed.IRDMQ2 2026
- Stable growth, IoT expansion, and robust cash flow drive long-term value and shareholder returns.IRDM33rd Annual Deutsche Bank Media, Internet & Telecom Conference
- All proposals passed with strong support; no stockholder questions were received.IRDMAGM 2026
- Q1 2026 revenue up 2% to $219.1M, 5% subscriber growth, lower net income, guidance affirmed.IRDMQ1 2026
- Shareholders will vote on directors, executive pay, auditor ratification, and an expanded equity plan.IRDMProxy filing
- 2025 revenue up 5% to $871.7M; 2026 growth led by IoT, PNT, and government contracts.IRDMQ4 2025
- Net income surged 55% on 5% revenue growth, with robust IoT and engineering support gains.IRDMQ1 2025
Next Iridium Communications earnings date
Q4 202611 Feb, 2027
Iridium Communications
Next Iridium Communications earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses worldwide. Iridium Communications Inc. offers voice and data satellite communications services, as well as messaging, tracking, and other value-added services. It operates in three segments: Commercial Solutions, Wireless Services, and Tracking Telemetry & Command Solutions (TT&C). Its commercial solutions comprise airtime for satellite phones and wireless broadband service; handsets; accessories; subscription service plans that comprise of airtime, handsets, and accessories; flat-rate bundles consisting of airtime only or handset-only packages; and customer support. Iridium Communications Inc. is based in McLean, Virginia