Iridium Q3 net income more than doubles year over year to $106.9 million; revenue rises 8%
IRDM•Iridium’s third-quarter 2026 net income more than doubled year over year to $106.9 million, primarily due to a $103.9 million gain from the Aireon acquisition. Revenue increased 8% to $245.7 million, and billable subscribers rose 6% to 2,696,000.
1. Quarterly results
Iridium reported third-quarter 2026 net income of $106.9 million, more than double the year-earlier figure. The company said the increase was primarily due to a $103.9 million gain from the Aireon acquisition. Revenue rose 8% year over year to $245.7 million, while total billable subscribers increased 6% to 2,696,000.
2. Acquisition approval
Stockholders approved Rocket Lab’s acquisition, which is expected to close by mid-2027, subject to remaining regulatory approvals and closing conditions.
