Iridium Communications (NASDAQ: IRDM) Reports Strong Q3 2026 Earnings
Key points
- Iridium Communications (NASDAQ: IRDM) reported robust Q3 2026 results, with initial earnings per share of $0.98 significantly exceeding the $0.34 estimate.
- The company's revenue reached $245.70 million, surpassing the $236.30 million estimate.
- Despite differing figures, Iridium also reported adjusted earnings of $0.38 per share, beating Zacks' $0.29 consensus, and its trailing price-to-earnings ratio stands at 28.72.
Iridium Communications provides satellite communications services. It reported third-quarter 2026 earnings before the market opened on October 20. The initial figures provided show earnings per share of $0.98, above a $0.34 estimate, and revenue of $245.70 million, above a $236.30 million estimate.
Other reported figures differ. As highlighted by Zacks Investment Research, adjusted earnings were $0.38 per share, compared with its $0.29 consensus estimate. Adjusted earnings remove certain costs or gains to show performance from regular operations. The difference between the $0.98 and $0.38 earnings figures is not explained in the supplied information.
As highlighted by Zacks Investment Research, revenue was $245.73 million, up 8.3% from $226.93 million a year earlier. That figure was 2.04% above Zacks’ $240.81 million consensus estimate. A consensus estimate combines analysts’ forecasts, so it can differ from the $236.30 million estimate in the initial figures.
Iridium’s adjusted earnings rose from $0.35 per share a year earlier to $0.38. As highlighted by Zacks Investment Research, the company beat consensus earnings and revenue estimates in two of the past four quarters. Its trailing price-to-earnings ratio is 28.72, meaning its share price is 28.72 times its earnings over the past year.
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