Iridium Communications (NASDAQ:IRDM) Announces Earnings Results, Misses Expectations By $0.19 EPS

Iridium Communications (NASDAQ:IRDM) announced its earnings results on Wednesday. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.19), FiscalAI reports. Iridium Communications had a net margin of 12.05% and a return on equity of 22.76%. The company had revenue of $225.24 million for the quarter, compared to the consensus estimate of $220.32 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Iridium Communications Trading Down 0.8%

NASDAQ IRDM opened at $46.86 on Thursday. The stock has a 50 day simple moving average of $47.84 and a two-hundred day simple moving average of $34.58. Iridium Communications has a fifty-two week low of $15.65 and a fifty-two week high of $57.18. The stock has a market cap of $4.95 billion, a P/E ratio of 47.33, a price-to-earnings-growth ratio of 2.89 and a beta of 0.87. The company has a debt-to-equity ratio of 3.74, a quick ratio of 2.21 and a current ratio of 2.85.

Iridium Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Iridium Communications’s dividend payout ratio is presently 60.61%.

Wall Street Analyst Weigh In

IRDM has been the topic of a number of research analyst reports. William Blair lowered shares of Iridium Communications from an “outperform” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iridium Communications in a report on Friday, July 10th. Raymond James Financial reiterated a “market perform” rating on shares of Iridium Communications in a research report on Friday, April 24th. Morgan Stanley increased their target price on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Finally, New Street Research upgraded Iridium Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.67.

Institutional Trading of Iridium Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in shares of Iridium Communications by 12.0% in the 4th quarter. Invesco Ltd. now owns 994,205 shares of the technology company’s stock worth $17,279,000 after acquiring an additional 106,856 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Iridium Communications during the fourth quarter valued at approximately $193,000. State of Tennessee Department of Treasury grew its stake in Iridium Communications by 47.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 48,695 shares of the technology company’s stock worth $846,000 after purchasing an additional 15,752 shares during the period. Empowered Funds LLC grew its stake in Iridium Communications by 4.4% in the fourth quarter. Empowered Funds LLC now owns 11,350 shares of the technology company’s stock worth $197,000 after purchasing an additional 478 shares during the period. Finally, VARCOV Co. bought a new position in Iridium Communications in the fourth quarter worth $947,000. 84.36% of the stock is currently owned by hedge funds and other institutional investors.

Iridium Communications News Roundup

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: New Street Research upgraded Iridium Communications (IRDM) from “neutral” to “buy,” signaling improved confidence in the stock’s outlook. Tickerreport.com
• Positive Sentiment: The company reiterated strategic progress in its second-quarter 2026 earnings release, including updates tied to its planned acquisition by Rocket Lab, which is expected to close in mid-2027. PR Newswire
• Positive Sentiment: Revenue for the quarter came in above Wall Street estimates at $225.24 million versus $220.32 million expected, suggesting underlying demand remained solid despite earnings pressure. Press Release

Iridium Communications Company Profile

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.