Filing Flows › Iridium Communications (IRDM) › Q2 2026 › vs Q1 2026
Iridium Communications (IRDM) Q2 2026 vs Q1 2026 (quarter over quarter)
Iridium Communications's revenue rose $6.2M (+3%) from $219M in Q1 2026 to $225M in Q2 2026. The biggest changes: Services +$3.3M (+2%); Engineering and support services +$2.3M (+6%); Subscriber equipment +$548K (+3%). Operating margin 15.1% against 23.2% (-8.1 pts).
Iridium Communications, Q2 2026: revenue $225M (+4% year over year), operating margin 15.1%, net earnings $9.7M, operating cash flow $114M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.1% | 23.2% | -8.1 pts |
| Net margin | 4.3% | 9.9% | -5.6 pts |
| Free cash flow margin | 41.0% | 19.0% | +22.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Services | $161M | $158M | $3.3M | +2% |
| Engineering and support services | $43.1M | $40.8M | $2.3M | +6% |
| Subscriber equipment | $20.8M | $20.2M | $548K | +3% |
| Revenue | $225M | $219M | $6.2M | +3% |
| Operating profit | $34.0M | $50.7M | −$16.7M | -33% |
| Costs & expenses | $191M | $168M | $22.9M | +14% |
| Pre-tax earnings | $12.8M | $30.4M | −$17.6M | -58% |
| Other expense, net | $21.2M | $20.3M | $912K | +4% |
| Research & development | $5.5M | $6.2M | −$644K | -10% |
| SG&A | $67.0M | $45.8M | $21.3M | +46% |
| Other operating costs | $119M | $116M | $2.3M | +2% |
| Net earnings | $9.7M | $21.6M | −$11.9M | -55% |
| Income tax | $3.1M | $8.8M | −$5.7M | -65% |
| Depreciation & amortization | $53.9M | $53.7M | $122K | +0.2% |
| Share-based compensation | $17.4M | $11.4M | $6.0M | +53% |
| Working capital & other | $33.2M | −$15.1M | $48.3M | — |
| Operating cash flow | $114M | $71.6M | $42.5M | +59% |
| Free cash flow (OCF − capex) | $92.3M | $41.7M | $50.7M | +122% |
| Capital expenditures | $21.8M | $30.0M | −$8.1M | -27% |
Questions
How much did Iridium Communications's revenue grow quarter over quarter in Q2 2026?
Iridium Communications's revenue rose $6.2M (+3%) from $219M in Q1 2026 to $225M in Q2 2026.
What drove Iridium Communications's revenue change in Q2 2026?
Services +$3.3M (+2%); Engineering and support services +$2.3M (+6%); Subscriber equipment +$548K (+3%).