Iridium Q2 FY26 net income drops to $9.7 million; revenue rises 4% to $225.2 million - IRDM News | RalliesIridium Q2 FY26 net income drops to $9.7 million; revenue rises 4% to $225.2 million
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IRDM• Iridium reports higher revenue and lower net income in Q2 FY26
- Iridium Q2 revenue rose 4% to $225.24 million, with service revenue at $161.33 million, also up 4%.
- Net income fell to $9.7 million, or $0.09 per diluted share, from higher transaction costs.
- Operational EBITDA edged down to $119.11 million from a change to pay annual incentives fully in cash.
- Total billable subscribers climbed 6% year over year to 2,627,000, led by commercial IoT growth.
- Rocket Lab agreed to acquire Iridium, with the deal expected to close in mid-2027.
