Filing Flows › Iridium Communications (IRDM) › Q3 2026 › vs Q2 2026
Iridium Communications (IRDM) Q3 2026 vs Q2 2026 (quarter over quarter)
Iridium Communications's revenue rose $20.5M (+9%) from $225M in Q2 2026 to $246M in Q3 2026. The biggest changes: Services +$26.2M (+16%); Engineering and support services −$4.0M (-9%); Subscriber equipment −$1.7M (-8%). Operating margin 12.9% against 15.1% (-2.2 pts).
Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%, net earnings $107M, operating cash flow $95.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.9% | 15.1% | -2.2 pts |
| Net margin | 43.5% | 4.3% | +39.2 pts |
| Free cash flow margin | 27.9% | 41.0% | -13.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Services | $187M | $161M | $26.2M | +16% |
| Engineering and support services | $39.2M | $43.1M | −$4.0M | -9% |
| Subscriber equipment | $19.0M | $20.8M | −$1.7M | -8% |
| Revenue | $246M | $225M | $20.5M | +9% |
| Other income, net | $77.5M | −$21.2M | $98.7M | — |
| Operating profit | $31.6M | $34.0M | −$2.4M | -7% |
| Costs & expenses | $214M | $191M | $22.9M | +12% |
| Pre-tax earnings | $109M | $12.8M | $96.3M | +752% |
| Research & development | $4.8M | $5.5M | −$720K | -13% |
| SG&A | $74.9M | $67.0M | $7.9M | +12% |
| Other operating costs | $134M | $119M | $15.7M | +13% |
| Net earnings | $107M | $9.7M | $97.2M | 11× |
| Income tax | $2.2M | $3.1M | −$939K | -30% |
| Depreciation & amortization | $62.1M | $53.9M | $8.2M | +15% |
| Share-based compensation | $20.2M | $17.4M | $2.9M | +17% |
| Working capital & other | $93.3M | −$33.2M | $127M | — |
| Operating cash flow | $95.9M | $114M | −$18.2M | -16% |
| Free cash flow (OCF − capex) | $68.5M | $92.3M | −$23.8M | -26% |
| Capital expenditures | $27.4M | $21.8M | $5.6M | +26% |
Questions
How much did Iridium Communications's revenue grow quarter over quarter in Q3 2026?
Iridium Communications's revenue rose $20.5M (+9%) from $225M in Q2 2026 to $246M in Q3 2026.
What drove Iridium Communications's revenue change in Q3 2026?
Services +$26.2M (+16%); Engineering and support services −$4.0M (-9%); Subscriber equipment −$1.7M (-8%).