Iridium Communications (IRDM) Expected to Post Earnings on Wednesday

Iridium Communications (NASDAQ:IRDM) is expected to be announcing its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect Iridium Communications to post earnings of $0.26 per share and revenue of $220.3220 million for the quarter. Investors can find conference call details on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 23, 2026 at 8:30 AM ET.

Iridium Communications (NASDAQ:IRDM) last issued its earnings results on Thursday, April 23rd. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Iridium Communications had a net margin of 12.05% and a return on equity of 22.76%. The business had revenue of $219.06 million during the quarter, compared to analyst estimates of $218.39 million. During the same period in the prior year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect Iridium Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iridium Communications Price Performance

Shares of IRDM stock opened at $48.86 on Wednesday. Iridium Communications has a twelve month low of $15.65 and a twelve month high of $57.18. The company has a quick ratio of 2.21, a current ratio of 2.85 and a debt-to-equity ratio of 3.74. The business has a fifty day simple moving average of $47.19 and a 200 day simple moving average of $33.33. The company has a market cap of $5.17 billion, a P/E ratio of 49.35, a P/E/G ratio of 2.89 and a beta of 0.87.

Iridium Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, June 15th. Iridium Communications’s dividend payout ratio (DPR) is presently 60.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. William Blair cut shares of Iridium Communications from an “outperform” rating to a “hold” rating in a research report on Monday, June 29th. Oppenheimer increased their price target on Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. BWS Financial reissued a “sell” rating and set a $16.00 price target on shares of Iridium Communications in a research note on Monday, April 27th. New Street Research began coverage on Iridium Communications in a research note on Thursday, May 14th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Raymond James Financial restated a “market perform” rating on shares of Iridium Communications in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.67.

Hedge Funds Weigh In On Iridium Communications

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its holdings in shares of Iridium Communications by 107.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after buying an additional 741 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Iridium Communications by 392.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,202 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Iridium Communications in the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Iridium Communications during the 3rd quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Iridium Communications by 10,363.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,988 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,969 shares in the last quarter. 84.36% of the stock is owned by institutional investors and hedge funds.

Iridium Communications Company Profile

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.