Iridium Communications (IRDM) to Release Earnings on Wednesday

Iridium Communications (NASDAQ:IRDM) is expected to release its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect the company to announce earnings of $0.26 per share and revenue of $220.3220 million for the quarter. Interested persons 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 released its earnings results on Thursday, April 23rd. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Iridium Communications had a return on equity of 22.76% and a net margin of 12.05%.The firm had revenue of $219.06 million for the quarter, compared to analyst estimates of $218.39 million. During the same period last year, the firm earned $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 Stock Performance

IRDM opened at $46.41 on Tuesday. The company has a current ratio of 2.85, a quick ratio of 2.21 and a debt-to-equity ratio of 3.74. Iridium Communications has a 12-month low of $15.65 and a 12-month high of $57.18. The firm has a 50 day moving average of $47.65 and a two-hundred day moving average of $34.16. The firm has a market capitalization of $4.91 billion, a PE ratio of 46.88, a P/E/G ratio of 2.78 and a beta of 0.87.

Iridium Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.15 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. Iridium Communications’s dividend payout ratio is presently 60.61%.

Analyst Ratings Changes

IRDM has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. William Blair downgraded Iridium Communications from an “outperform” rating to a “hold” rating in a research report on Monday, June 29th. New Street Research started coverage on Iridium Communications in a research note on Thursday, May 14th. They set a “neutral” rating and a $40.00 price objective for the company. Morgan Stanley lifted their price objective on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Finally, BWS Financial restated a “sell” rating and issued a $16.00 target price on shares of Iridium Communications in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Iridium Communications presently has an average rating of “Hold” and a consensus target price of $38.67.

Institutional Trading of Iridium Communications

Several institutional investors have recently bought and sold shares of IRDM. Quadrant Capital Group LLC raised its stake 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 during the period. Larson Financial Group LLC grew its stake in 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 during the period. Kestra Advisory Services LLC acquired a new stake in Iridium Communications in the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC purchased a new stake in Iridium Communications in the 3rd quarter worth $32,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Iridium Communications by 10,363.2% in the 4th 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.