Welcome to our dedicated page for Iridium Comm news (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Comm stock.
Iridium Communications Inc. provides global mobile satellite voice, data and positioning, navigation and timing services through a low-Earth-orbit satellite network. Company news commonly covers recurring service revenue from subscribers, equipment sales, engineering and support projects, full-year outlook updates, and government satellite airtime and gateway support work tied to U.S. Space Force contracts.
Iridium updates also focus on satellite IoT and direct-to-device connectivity, including Iridium Short Burst Data, Iridium Certus, Iridium NTN Direct and the Iridium 9604 IoT module. Customer and partner developments span aviation, maritime, government, emergency services, critical infrastructure, heavy equipment, autonomous systems and remote monitoring applications.
Iridium (Nasdaq: IRDM) announced a strategic partnership with SKYWAVE, an ORBCOMM company, to enhance global industrial IoT connectivity for heavy equipment OEMs. The collaboration combines Iridium’s pole-to-pole low Earth orbit (LEO) satellite network and Short Burst Data® (SBD®) services with SKYWAVE’s intelligent multi-network management solution and OGx IoT platform.
According to Iridium, SBD will be embedded directly into SKYWAVE satellite IoT terminals, giving OEM customers the option to use Iridium’s LEO network alongside cellular and Wi‑Fi. The integrated platform is designed to support remote monitoring, diagnostics, predictive maintenance, service support, and modernization of existing connected fleets, initially targeting heavy equipment manufacturers with an architecture intended to extend to other industrial verticals.
Iridium (Nasdaq: IRDM) reported second quarter 2026 revenue of $225.2 million, up 4% year-over-year, with service revenue also rising 4% to $161.3 million, or 72% of total revenue. Net income fell to $9.7 million ($0.09 per diluted share) from $22.0 million, mainly due to higher transaction-related costs and compensation accruals, while Operational EBITDA declined slightly to $119.1 million from $121.3 million.
Iridium ended the quarter with 2.627 million billable subscribers, up 6% year-over-year, led by commercial IoT. The company highlighted growth in commercial service revenue to $133.7 million and U.S. government service revenue to $27.6 million. Iridium closed its acquisition of Aireon on July 2, 2026 for about $366.7 million, funded through cash, a seller loan, and a $100 million revolving credit draw, and assumed $154.7 million of Aireon debt. Capital expenditures were $21.8 million, net leverage was 3.3x trailing twelve-month OEBITDA, and a $0.15 per-share dividend (total $16.2 million) was paid on June 30, 2026. The company has a definitive agreement to be acquired by Rocket Lab, expected to close in mid‑2027, and will suspend quarterly earnings calls and guidance updates while the transaction is pending.
Iridium (Nasdaq: IRDM) announced the commercial availability of its ultra-compact Iridium PNT ASIC, a first-to-market chip designed to protect GPS- and GNSS-dependent devices from jamming, spoofing, and related threats. According to Iridium, more than 150 organizations across maritime, UXV, aviation, telecom, and critical infrastructure have already expressed demand.
The 8x8 mm chip weighs under 0.2 grams and delivers cryptographically secure timing and location data via one-way bursts from the Iridium satellite network, including indoors and in contested environments. Partners such as Solace Communications and Skyband Systems are integrating the ASIC into assured PNT and aviation navigation products.
Iridium (Nasdaq: IRDM) will release its second-quarter 2026 financial results on Wednesday, July 22, 2026. The company has a definitive agreement to be acquired by Rocket Lab (Nasdaq: RKLB) and, due to this pending transaction, will not host an earnings conference call. The Q2 2026 earnings release will be available on Iridium’s investor relations website.
Iridium (Nasdaq: IRDM) has completed its acquisition of Aireon, operator of the world's only space-based ADS-B air traffic surveillance system. The deal combines Aireon's aviation surveillance and intelligence services with Iridium's global satellite communications and PNT capabilities.
Aireon will operate as a wholly owned subsidiary, led by CEO Don Thoma, who will report to Iridium CEO Matt Desch, supporting leadership continuity and alignment with Iridium's aviation strategy.
Iridium (Nasdaq: IRDM) announced that Mlink has begun live, on-air testing of its MS150-IR IoT-NTN chipset using Iridium NTN Direct, a 3GPP standards-based non-terrestrial network service.
The partners expect chipset certification and product availability before the end of 2026, supporting global NB-IoT and D2D connectivity for low-power IoT applications.
Iridium (Nasdaq: IRDM) announced commercial availability of its Iridium 9604 hybrid IoT module and Development Kit on June 23, 2026. The module combines Iridium SBD satellite, LTE-M cellular, and GNSS in a compact 16 x 26 x 2.4 mm form factor.
Built on the u-blox SARA-R5 platform, it aims to cut board space by 60% or more and simplify RF, power, and firmware design. Target uses include industrial, infrastructure, transportation, utilities, maritime, and remote monitoring across Iridium’s global L-band satellite network.
Iridium (Nasdaq: IRDM) agreed to acquire the remaining 61% of Aireon for approximately $366.7 million, unifying Aireon’s space-based ADS-B surveillance with Iridium’s satellite network.
Iridium will also assume about $155 million of Aireon debt and expects at least $100 million additional annual service revenue and $30 million OEBITDA, with closing targeted for early July 2026.
Iridium (Nasdaq: IRDM) reported Q1 2026 total revenue of $219.1 million, with service revenue of $158.0 million and equipment/engineering revenue of $61.0 million. Net income was $21.6 million or $0.20 per diluted share; OEBITDA was $116.3 million. Total billable subscribers reached 2,555,000. The company reaffirmed full-year 2026 guidance, expecting service revenue flat to +2% and OEBITDA of $480–$490 million (reflecting a $17 million cash incentive change).
Iridium (Nasdaq: IRDM) will release its first-quarter 2026 earnings and host a conference call on Thursday, April 23, 2026 at 8:30 a.m. ET. The earnings press release will be posted beforehand on the company's investor relations website.
Live participation is by phone at 1-412-902-6740 or via webcast at https://investor.iridium.com/events. A replay of the webcast will be available about one hour after the call concludes.