Filing Flows › Iridium Communications (IRDM) › Q1 2026
Iridium Communications (IRDM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Iridium Communications (IRDM) reported revenue of $219M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +3% from the quarter before. Operating margin was 23.2%, net earnings $21.6M (9.9% of revenue).
Iridium Communications, Q1 2026: revenue $219M (+2% year over year), operating margin 23.2%, net earnings $21.6M, operating cash flow $71.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | +3% | +2% |
| Operating profit | $50.7M | -8% | -16% |
| Net earnings | $21.6M | -13% | -29% |
| Operating cash flow | $71.6M | -34% | +17% |
| Free cash flow | $41.7M | -45% | +14% |
What changed
Revenue was $219.1M in Q1 2026, up 2% year over year and up 3% from the previous quarter. Services was the largest line at 72% of revenue. Services added $3.7M year over year (up 2%), 89% of the total change. Subscriber equipment declined 13%.
Operating profit was $50.7M, a 23.2% margin (down 5.0 points year over year). Operating profit fell $9.7M even though revenue rose $4.2M versus Q1 2025, so costs grew faster than sales. Total costs grew 9% against revenue growth of 2%. The fastest-growing cost line was SG&A (+28%). Net earnings were $21.6M, down 29% year over year. The effective tax rate was 29.0%.
Operating cash flow was $71.6M (up 17% year over year), 332% of net earnings. Non-cash charges added back $53.7M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $15.1M. Capital expenditures of $30.0M left free cash flow of $41.7M.
Questions
What was Iridium Communications' revenue in the first quarter 2026?
Iridium Communications (IRDM) reported revenue of $219M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +3% from the quarter before.
Was Iridium Communications profitable in the first quarter 2026?
Operating profit was $50.7M (23.2% of revenue) and net earnings $21.6M.