Q1 26 EPS
$-0.16
MISS 2,185.71%
Est. $-0.01
Q1 26 Revenue
$70.1M
MISS 0.71%
Est. $70.6M
vs S&P Since Q1 26
-2.9%
TRAILING MARKET
GSAT +2.0% vs S&P +4.8%
Market Reaction
Did GSAT Beat Earnings? Q1 2026 Results
Globalstar, Inc. Delivered a sharply mixed first quarter for fiscal 2026, posting revenue of $70.06 million that edged just 0.71% below the $70.56 million consensus but still marked a solid 16.7% gain from a year ago, while its loss per share of $-0.… Read more Globalstar, Inc. Delivered a sharply mixed first quarter for fiscal 2026, posting revenue of $70.06 million that edged just 0.71% below the $70.56 million consensus but still marked a solid 16.7% gain from a year ago, while its loss per share of $-0.16 swung dramatically past the $-0.01 analyst estimate, a miss of more than 2,100%. The earnings shortfall was driven largely by a surge in non-cash imputed interest expense tied to the 2024 Prepayment Agreement, which ballooned to $19.81 million from $7.95 million in the prior-year period, overwhelming an otherwise encouraging operational story. Wholesale capacity services revenue climbed to $46.27 million from $36.71 million, anchoring the company's top-line growth, while adjusted EBITDA improved to $33.49 million from $30.35 million. The quarter's defining backdrop, however, remains Amazon's pending acquisition of Globalstar at $90.00 per share, announced in April, which has pushed the stock near 52-week highs; in connection with that deal, Globalstar has suspended all forward-looking guidance and does not plan to hold future earnings calls.
Key Takeaways
- • Increased wholesale capacity services revenue from additional service fees associated with reimbursement of network-related costs
- • Commercial IoT subscriber base growth and favorable customer pricing
- • Government and other services revenue growth from Parsons Corporation service agreement moving beyond proof of concept
- • Lower stock-based compensation and depreciation expense
- • Absence of prior year noncash asset disposal charge
GSAT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
GSAT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered strong operational and financial results in the first quarter, continuing the momentum we built entering 2026. Demand is growing across our government, defense, and private wireless businesses, reflecting the market's need for scalable, integrated solutions across both satellite and terrestrial based connectivity. Subsequent to the quarter end, we announced our entry into a merger agreement with Amazon, which we believe marks a significant milestone — one that validates the long-term strategy Globalstar has pursued for more than 30 years and positions us to deliver on the vision of connecting users and devices anywhere and anytime. Finally, Globalstar greatly appreciates the recent decision of the FCC's Space Bureau regarding the exclusive nature of our licensed MSS spectrum.”
— Paul E. Jacobs, Q1 2026 Earnings Press Release
GSAT Earnings Trends
GSAT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GSAT EPS Trend
Earnings per share: estimate vs actual
GSAT Revenue Trend
Quarterly revenue: estimate vs actual
GSAT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS Includes $20.7 million net interest expense (including non-cash imputed interest on 2024 Prepayment Agreement), $1.4 million foreign currency loss, $4.2 million noncash gain on contingent interest feature within 2024 Debt Repayment, and $10.3 million in Amazon transaction costs | $-0.09 | $-0.23 | -155.56% | $64.8M | -11.23% |
| Q1 26 MISS FY | $-0.01 | $-0.16 | -2,185.71% | $70.1M | -0.71% |
| FY Full Year | $0.34 | — | — | — | — |
| Q4 25 MISS FY | $0.01 | $-0.11 | -885.71% | $72.0M | +1.87% |
| FY Full Year | — | $-0.15 | — | $273.0M | — |
| Q3 25 BEAT | $-0.03 | $-0.01 | +66.67% | $73.8M | +7.12% |
| Q2 25 BEAT | $-0.09 | $0.13 | +244.44% | $67.1M | +6.35% |
| Q1 25 MISS | $-0.07 | $-0.16 | -128.57% | $60.0M | -5.95% |