Filing Flows › Iridium Communications (IRDM) › Q2 2026
Iridium Communications (IRDM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
Iridium Communications (IRDM) reported revenue of $225M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +3% from the quarter before. Operating margin was 15.1%, net earnings $9.7M (4.3% of revenue).
Iridium Communications, Q2 2026: revenue $225M (+4% year over year), operating margin 15.1%, net earnings $9.7M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | +3% | +4% |
| Operating profit | $34.0M | -33% | -32% |
| Net earnings | $9.7M | -55% | -56% |
| Operating cash flow | $114M | +59% | -12% |
| Free cash flow | $92.3M | +122% | -15% |
What changed
Revenue was $225.2M in Q2 2026, up 4% year over year and up 3% from the previous quarter. Services was the largest line at 72% of revenue. Services added $5.8M year over year (up 4%), 69% of the total change.
Operating profit was $34.0M, a 15.1% margin (down 8.1 points year over year). Operating profit fell $16.2M even though revenue rose $8.3M versus Q2 2025, so costs grew faster than sales. Total costs grew 15% against revenue growth of 4%. The fastest-growing cost line was SG&A (+50%). Net earnings were $9.7M, down 56% year over year. The effective tax rate was 24.4%.
Operating cash flow was $114.1M (down 12% year over year), 1179% of net earnings. Non-cash charges added back $53.9M of depreciation and amortization and $17.4M of share-based compensation. Working capital and other items added $33.2M. Capital expenditures of $21.8M left free cash flow of $92.3M.
Questions
What was Iridium Communications' revenue in the second quarter 2026?
Iridium Communications (IRDM) reported revenue of $225M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +3% from the quarter before.
Was Iridium Communications profitable in the second quarter 2026?
Operating profit was $34.0M (15.1% of revenue) and net earnings $9.7M.