Filing Flows › Iridium Communications (IRDM) › Q2 2026 › vs Q2 2025
Iridium Communications (IRDM) Q2 2026 vs Q2 2025 (year over year)
Iridium Communications's revenue rose $8.3M (+4%) from $217M in Q2 2025 to $225M in Q2 2026. The biggest changes: Services +$5.8M (+4%); Subscriber equipment +$1.3M (+7%); Engineering and support services +$1.3M (+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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.1% | 23.2% | -8.1 pts |
| Net margin | 4.3% | 10.1% | -5.8 pts |
| Free cash flow margin | 41.0% | 50.2% | -9.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Services | $161M | $156M | $5.8M | +4% |
| Engineering and support services | $43.1M | $41.9M | $1.3M | +3% |
| Subscriber equipment | $20.8M | $19.5M | $1.3M | +7% |
| Revenue | $225M | $217M | $8.3M | +4% |
| Operating profit | $34.0M | $50.3M | −$16.2M | -32% |
| Costs & expenses | $191M | $167M | $24.6M | +15% |
| Pre-tax earnings | $12.8M | $25.8M | −$13.0M | -50% |
| Other expense, net | $21.2M | $24.5M | −$3.3M | -13% |
| Research & development | $5.5M | $4.3M | $1.3M | +29% |
| SG&A | $67.0M | $44.6M | $22.4M | +50% |
| Other operating costs | $119M | $118M | $913K | +0.8% |
| Net earnings | $9.7M | $22.0M | −$12.3M | -56% |
| Income tax | $3.1M | $3.8M | −$682K | -18% |
| Depreciation & amortization | $53.9M | $52.8M | $1.0M | +2% |
| Share-based compensation | $17.4M | $19.1M | −$1.7M | -9% |
| Working capital & other | $33.2M | $35.7M | −$2.5M | -7% |
| Operating cash flow | $114M | $130M | −$15.5M | -12% |
| Free cash flow (OCF − capex) | $92.3M | $109M | −$16.6M | -15% |
| Capital expenditures | $21.8M | $20.7M | $1.1M | +5% |
Questions
How much did Iridium Communications's revenue grow year over year in Q2 2026?
Iridium Communications's revenue rose $8.3M (+4%) from $217M in Q2 2025 to $225M in Q2 2026.
What drove Iridium Communications's revenue change in Q2 2026?
Services +$5.8M (+4%); Subscriber equipment +$1.3M (+7%); Engineering and support services +$1.3M (+3%).