IRDM 8-K SEC Filing Analysis

Latest settled — T+20d

IRDM ▲ +10.63% at T+20d

SHORT call ✗ call lost -10.63% · α vs SPY -5.99% · entry $40.93 → $45.28

Next anchor: T+60d in 5w

Currently $47.32 · -15.61% from $40.93 entry (call sign-flipped)

Entry anchored
Apr 22, 03:59 PM ET
via Databento tick

T+1d

-4.81%

call +4.81% · α +5.60%

$38.96

settled 7w ago

T+5d

-11.09%

call +11.09% · α +12.57%

$36.39

settled 6w ago

T+20d

+10.63%

call -10.63% · α -5.99%

$45.28

settled 23d ago

T+60d

—

call — · α —

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in 5w

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Executive Summary

Iridium Communications reported Q1 2026 earnings with $219.1M revenue (2% YoY growth) and $0.20 EPS, missing consensus estimates of $0.28. Service revenue grew 2% YoY, driven by commercial IoT, while OEBITDA declined 5% YoY due to a change in incentive compensation accounting. The company reiterated its 2026 guidance of flat-to-2% service revenue growth and $480M–$490M OEBITDA.

Actionable Insight

Monitor the next earnings call for details on subscriber growth sustainability and OEBITDA recovery, as the miss was driven by a one-time accounting change rather than operational decline.

Key Facts

Q1 2026 revenue: $219.1M (2% YoY growth), consensus: $219.2M
Q1 2026 EPS: $0.20, consensus: $0.28 (miss by $0.08)
Service revenue: $158.0M, up 2% YoY, driven by commercial IoT growth
OEBITDA: $116.3M, down 5% YoY due to $4.2M increase in accrued expenses from change in incentive compensation accounting
Total billable subscribers: 2.555M, up 5% YoY, led by commercial IoT
Reiterated 2026 guidance: service revenue flat to 2% growth, OEBITDA $480M–$490M

Financial Impact

Revenue missed by $0.1M and EPS missed by $0.08, with OEBITDA down 5% YoY due to a $4.2M accounting change impact

revenueepsebitdasubscriber_growth

Risk Factors

OEBITDA decline due to accounting change may pressure margins
Lower-than-expected EPS could affect investor sentiment

Market Snapshot

Exchange

Nasdaq

Sector

Communications Services, NEC

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001418819-26-000027
Document: irdm-20260423.htm	0001418819-26-000027
Document: 0001418819-26-000027-index-headers.html	0001418819-26-000027
Document: 0001418819-26-000027-index.html	0001418819-26-000027
Document: 0001418819-26-000027.txt	0001418819-26-000027
8-K Data (Synthetic)	0001418819-26-000027

4 reports for IRDM

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for IRDM — sortable, filterable
	Type				Now
May 20, 2026 23d ago	8-K NEUTRAL ★ 3/10	$45.70 $51.26	▲ +12.17%	▲ +10.57%	$47.32 (+3.54%)
May 14, 2026 4w ago	8-K BULLISH ★ 7/10	$43.43 $45.70	▲ +5.23%	▲ +5.94%	$47.32 (+8.96%)
Apr 23, 2026 7w ago	8-K BEARISH ★ 7/10	$40.93 $36.39	▲ +11.09%	▲ +12.57%	$47.32 (−15.61%)
Mar 5, 2026 14w ago	8-K NEUTRAL ★ 3/10	$23.87 $24.71	▲ +3.54%	▲ +5.07%	$47.32 (+98.28%)

US Market Status

Market Closed — Opens Mon (49h 31m)

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