Gogo sees 2026 total revenue between $870 mln and $895 mln
Company expects 2026 adjusted EBITDA of $175 mln to $185 mln
Gogo anticipates Galileo and 5G ramping in 2H 2026
Overview
US in-flight connectivity provider's Q2 revenue declined 1% yr/yr, driven by lower business aviation sales
Military/government service revenue grew 40% yr/yr, offsetting business aviation weakness
Company posted Q2 net loss of $2 mln, compared with net income last year
Result drivers
Military/government demand - Co said record military/government service revenue was driven by ongoing demand for secure airborne connectivity and expansion in the segment
Business aviation weakness - Business aviation service revenue declined, reflecting weaker demand in that segment
Next-gen product transition - Co said ongoing ramp-up of Galileo and 5G equipment shipments is driving transition to next-generation products
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Gogo Inc. is $9.50, about 113% above its August 5 closing price of $4.46
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
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