Globalstar Q2 FY26 swings to net loss of $26.5 million; revenue falls 5% to $64.8 million
GSAT•Q2 results turn to net loss
Globalstar posted Q2 revenue of $64.8 million, including $60 million in service revenue and $4.8 million from subscriber equipment sales.
Service revenue fell 5% on year to $60 million, primarily due to lower wholesale capacity revenue tied to timing of reimbursed network costs.
Operating results swung to an operating loss of $4.8 million from operating income, while net results turned to a net loss of $26.5 million.
Adjusted EBITDA (non-GAAP) declined to $26 million from $35.8 million.
Amazon merger review advances
Amazon merger review advanced with the HSR waiting period expiring July 17, 2026; closing is targeted in 2027, subject to approvals and satellite milestones.
