Iridium Communications (IRDM) Q2 2025

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Earnings

Iridium Communications delivered a mixed second quarter, clearing the revenue bar while falling short on earnings, a result that sent shares tumbling more than 20% as investors absorbed both the bottom-line miss and a dimmer growth outlook. Revenue g… Read more Iridium Communications delivered a mixed second quarter, clearing the revenue bar while falling short on earnings, a result that sent shares tumbling more than 20% as investors absorbed both the bottom-line miss and a dimmer growth outlook. Revenue grew 7.9% year-over-year to $216.91 million, edging past the $214.16 million consensus, but earnings per diluted share of $0.20 missed the $0.24 estimate by 15.79%, weighed down by the absence of a $19.80 million one-time gain from the Satelles acquisition that had inflated Q2 2024 net income. Operational EBITDA still grew 6% to $121.31 million, with Commercial IoT and a 62% surge in engineering and support revenue, fueled by rising U.S. Government activity, providing meaningful offsets to weakness in commercial broadband. The headline concern, however, was the company's decision to lower full-year service revenue growth guidance to 3%-5% from its prior 5%-7% range, even as it held OEBITDA guidance steady at $490 million to $500 million, suggesting margin discipline remains intact even as top-line momentum moderates.