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Why is IRDM down 2.48%?
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IRDM:NASDAQ
Iridium Communications Inc
$44.91
-2.48%
(-1.14) 1D
Oct 30, 3:00:01 PM GMT-5  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for IRDM...
Open
$44.86
High
$45.70
Low
$44.53
Mkt. cap
4.77B
Avg. vol.
1.06M
Volume
21.00
Dividend
1.34%
Quarterly dividend
$0.15
Ex-dividend date
Sep 15, 2026
P/E ratio
29.73
52-wk high
$57.18
52-wk low
$15.64
EPS
$1.51
Beta
0.84
Shares outstanding
106.16M
No. of employees
975
Open
$44.86
High
$45.70
Low
$44.53
Mkt. cap
4.77B
Avg. vol.
1.06M
Volume
21.00
Dividend
1.34%
Quarterly dividend
$0.15
Ex-dividend date
Sep 15, 2026
P/E ratio
29.73
52-wk high
$57.18
52-wk low
$15.64
EPS
$1.51
Beta
0.84
Shares outstanding
106.16M
No. of employees
975
News stories
From web sources and news partners
Profile
Iridium Communications Inc. is a publicly traded American satellite communications company headquartered in McLean, Virginia. Its principal operating subsidiary is Iridium Satellite LLC. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are operational satellites and fourteen function as in-orbit spares. Iridium satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers. The company is also developing standards-based direct-to-device satellite connectivity for conventional mobile and Internet of things devices. Iridium's satellites also host the space-based Automatic Dependent Surveillance–Broadcast receivers operated by Aireon, which became a wholly owned subsidiary of Iridium in 2026. The nearly polar orbits and communication between satellites via inter-satellite links provide global service availability. Wikipedia
About Iridium Communications Inc
CEOMatthew J. Desch
Employees975
Founded2001
HeadquartersMcLean, Virginia, United States
SectorTelecommunications
Analyst
Recommendation
Action
Price target
Projected
Date
Justin Lang CFA
Morgan Stanley
Hold
Maintained
$54.00
+20.2%
07/30/2026
Louie DiPalma
William Blair
Hold
Maintained
-
-
07/23/2026
Gregory Pendy
Clear Street
Hold
Reiterated
$54.00
+20.2%
07/23/2026
Mathieu Robilliard
Barclays
Buy
Maintained
$36.00
-19.8%
06/30/2026
Timothy Horan
Oppenheimer
Hold
Downgraded
-
-
06/29/2026
Hamed Khorsand
BWS Financial
Sell
Maintained
$16.00
-64.4%
04/27/2026
Edison Yu
Deutsche Bank
Buy
Maintained
$45.00
+0.2%
04/24/2026
Ric Prentiss
Raymond James
Hold
Downgraded
-
-
04/24/2026
Last report
Oct 20, 2026
Fiscal period
Q3 2026
$1.17 / $0.41
+185.68%beat
Revenue / Est. (USD)
245.73M / 248.54M
-1.13%miss
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
212.94M
219.06M
225.24M
245.73M
Cost of goods sold
58.02M
62.65M
64.79M
72.28M
Cost of revenue
58.02M
62.65M
64.79M
72.28M
Research and development expenses
5.12M
6.17M
5.53M
4.81M
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
41.82M
45.78M
67.04M
74.94M
Operating expense
99.67M
105.69M
126.44M
141.84M
Total operating expenses
157.69M
168.34M
191.23M
214.12M
Operating income
55.25M
50.71M
34.01M
31.62M
Other non operating income
-
-
-
-
EBT including unusual items
32.85M
30.42M
12.80M
109.08M
EBT excluding unusual items
32.85M
30.42M
12.80M
109.08M
Income tax expense
7.99M
8.83M
3.12M
2.19M
Effective tax rate
24.32%
29.02%
24.41%
2.00%
Other operating expenses
-
-
-
-
Net income
24.86M
21.59M
9.68M
106.90M
Net profit margin
11.68%
9.86%
4.30%
43.50%
Earnings per share
0.24
0.20
0.19
1.17
Interest and investment income
1.67M
1.52M
1.72M
-
Interest expense
-22.75M
-20.89M
-20.97M
-26.79M
Net interest expenses
-21.08M
-19.37M
-19.25M
-26.79M
Depreciation and amortization charges
52.73M
53.74M
53.86M
62.09M
EBITDA
107.98M
104.45M
87.87M
93.71M
Gain or loss from assets sale
-
-
-
-
Insider transactions
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