Iridium Communications

IRDM

Market cap $5.26B

European space stocks surged on Thursday, ​buoyed by investor ‌excitement after Elon Musk's SpaceX filed for ​a stock market ​listing, lifting sentiment across ⁠the sector.

Satellite operator Iridium Communications agreed to take full control of a company that tracks airplane movements, betting it can grow the air data provider into a bigger business.

The transaction unifies the world's only space-based air traffic surveillance system with the satellite network it was built on and extends commercial partnerships with NAV CANADA and NATS through 2035 and beyond. MCLEAN, Va.

NYC's Iridium hosts Les Paul Birthday Week June 9 to 15, 2026. A seven-night tribute featuring Andy Timmons, Dan Wilson, Raúl Midón, and Robben Ford.

The Procure Space ETF (NYSEARCA:UFO) was built to give investors a single ticket to a fragmented industry: rocket builders, satellite operators, ground-segment vendors, and direct-to-device communications upstarts that rarely fit cleanly into a sector ETF.

Iridium Communications is upgraded to Hold as catalysts emerge, despite a 135% stock rally since the prior Sell rating. Q1 2026 results were weak: revenue up 2%, OEBITDA down 4.8%, and EPS down 26%, with commercial IoT as the primary growth driver. IRDM stock surge was driven by insider buying, institutional accumulation, and the SITH contract extension, not fundamental outperformance.

IRDM misses Q1 2026 EPS estimates despite steady service revenue growth, as IoT demand and strategic investments shape its 2026 outlook.

Iridium Communications Inc. (IRDM) Q1 2026 Earnings Call Transcript

While the top- and bottom-line numbers for Iridium (IRDM) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Iridium Communications (IRDM) came out with quarterly earnings of $0.2 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.27 per share a year ago.