Filing Flows › Iridium Communications (IRDM) › Q3 2026
Iridium Communications (IRDM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 20, 2026
Iridium Communications (IRDM) reported revenue of $246M for the third quarter 2026 (Q3 2026), +8% from a year earlier and +9% from the quarter before. Operating margin was 12.9%, net earnings $107M (43.5% of revenue).
Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%, net earnings $107M, operating cash flow $95.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | +9% | +8% |
| Operating profit | $31.6M | -7% | -55% |
| Net earnings | $107M | 11× | +188% |
| Operating cash flow | $95.9M | -16% | -5% |
| Free cash flow | $68.5M | -26% | -14% |
What changed
Revenue was $245.7M in Q3 2026, up 8% year over year and up 9% from the previous quarter. Services was the largest line at 76% of revenue. Services added $22.3M year over year (up 13%), 118% of the total change. Subscriber equipment declined 11%.
Operating profit was $31.6M, a 12.9% margin (down 18.0 points year over year). Operating profit fell $38.5M even though revenue rose $18.8M versus Q3 2025, so costs grew faster than sales. Total costs grew 37% against revenue growth of 8%. The fastest-growing cost line was SG&A (+111%). Net earnings were $106.9M, up 188% year over year. The effective tax rate was 2.0%. Non-operating items added $77.5M, 71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $95.9M (down 5% year over year), 90% of net earnings. Non-cash charges added back $62.1M of depreciation and amortization and $20.2M of share-based compensation. Working capital and other items used $93.3M. Capital expenditures of $27.4M left free cash flow of $68.5M.
Questions
What was Iridium Communications' revenue in the third quarter 2026?
Iridium Communications (IRDM) reported revenue of $246M for the third quarter 2026 (Q3 2026), +8% from a year earlier and +9% from the quarter before.
Was Iridium Communications profitable in the third quarter 2026?
Operating profit was $31.6M (12.9% of revenue) and net earnings $107M.