Iridium Communications (IRDM) Projected to Release Earnings on Thursday

Key Points

• Iridium Communications is expected to report Q3 2026 results before the market opens on October 22. Analysts anticipate earnings of $0.3356 per share on revenue of $236.30 million.
• The company’s previous quarter fell short on earnings, reporting $0.09 per share versus the $0.28 consensus estimate, although revenue of $225.24 million exceeded expectations and rose 3.8% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $41.20, while Iridium pays a $0.15 quarterly dividend and insiders sold approximately $19.1 million of stock over the past 90 days.

Iridium Communications (NASDAQ:IRDM - Get Free Report) will likely be announcing its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.3356 per share and revenue of $236.30 million for the quarter. Individuals may review the information on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:30 AM ET.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $225.24 million for the quarter, compared to the consensus estimate of $220.32 million. Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%. Iridium Communications's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, analysts expect Iridium Communications to post $0.95 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.

Iridium Communications Stock Performance

NASDAQ:IRDM opened at $45.78 on Thursday. The stock's 50-day simple moving average is $47.96 and its 200 day simple moving average is $45.40. The firm has a market capitalization of $4.85 billion, a PE ratio of 52.02, a price-to-earnings-growth ratio of 3.77 and a beta of 0.84. The company has a quick ratio of 2.31, a current ratio of 2.78 and a debt-to-equity ratio of 3.70. Iridium Communications has a twelve month low of $15.65 and a twelve month high of $57.18.

Iridium Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.60 annualized dividend and a yield of 1.3%. Iridium Communications's payout ratio is presently 68.18%.

Analyst Upgrades and Downgrades

Several brokerages have commented on IRDM. Weiss Ratings reissued a "hold (c)" rating on shares of Iridium Communications in a research note on Tuesday, October 6th. William Blair lowered shares of Iridium Communications from an "outperform" rating to a "hold" rating in a report on Monday, June 29th. New Street Research raised shares of Iridium Communications from a "neutral" rating to a "buy" rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley upped their price objective on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Iridium Communications currently has a consensus rating of "Hold" and an average price target of $41.20.

Insider Buying and Selling

In related news, insider Suzanne Mcbride sold 85,454 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.28, for a total transaction of $4,296,627.12. Following the sale, the insider owned 282,017 shares in the company, valued at $14,179,814.76. The trade was a 23.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas Fitzpatrick sold 209,233 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.22, for a total value of $10,507,681.26. Following the sale, the director owned 58,306 shares in the company, valued at $2,928,127.32. This represents a 78.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 381,688 shares of company stock worth $19,146,390 in the last ninety days. Insiders own 2.70% of the company's stock.

About Iridium Communications

Iridium Communications Inc is a global provider of satellite-based voice and data communications. The company operates the Iridium satellite network, a constellation of low-Earth-orbit satellites designed to provide coverage across the world, including oceans, airways, polar regions and other areas beyond the reach of traditional terrestrial networks.

Iridium serves commercial, government and industrial customers through a range of products and services. Its offerings include satellite phones, push-to-talk communications, two-way messaging, Internet of Things connectivity and Iridium Certus broadband services.

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