Iridium Communications (IRDM) to Announce Earnings on Wednesday

Iridium Communications (NASDAQ:IRDM) will likely be releasing its Q2 2026 results before the market opens on Wednesday, July 22nd. Analysts expect Iridium Communications to announce earnings of $0.26 per share and revenue of $220.3220 million for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning report 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 quarterly 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 for the quarter, compared to the consensus estimate of $218.39 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’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

NASDAQ IRDM opened at $46.68 on Monday. The stock’s 50-day moving average is $47.59 and its two-hundred day moving average is $33.96. The company has a debt-to-equity ratio of 3.74, a current ratio of 2.85 and a quick ratio of 2.21. Iridium Communications has a fifty-two week low of $15.65 and a fifty-two week high of $57.18. The firm has a market cap of $4.94 billion, a P/E ratio of 47.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87.

Iridium Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 yield of 1.3%. Iridium Communications’s dividend payout ratio (DPR) is presently 60.61%.

Analyst Ratings Changes

IRDM has been the topic of several recent analyst reports. New Street Research assumed coverage on shares of Iridium Communications in a report on Thursday, May 14th. They issued a “neutral” rating and a $40.00 target price on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Iridium Communications in a research report on Friday, April 24th. Oppenheimer lifted their price objective on Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Iridium Communications in a research note on Friday, July 10th. Finally, Morgan Stanley raised their price objective on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.67.

Institutional Investors Weigh In On Iridium Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its position in shares of Iridium Communications by 18.0% in the 4th quarter. State Street Corp now owns 4,761,749 shares of the technology company’s stock valued at $82,759,000 after acquiring an additional 725,856 shares during the period. Millennium Management LLC raised its holdings in Iridium Communications by 265.8% in the third quarter. Millennium Management LLC now owns 3,039,731 shares of the technology company’s stock worth $53,074,000 after purchasing an additional 2,208,857 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Iridium Communications by 21.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,323,170 shares of the technology company’s stock worth $40,377,000 after purchasing an additional 408,903 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of Iridium Communications by 651.1% during the fourth quarter. Gotham Asset Management LLC now owns 2,309,750 shares of the technology company’s stock worth $40,143,000 after purchasing an additional 2,002,232 shares in the last quarter. Finally, Man Group plc grew its holdings in shares of Iridium Communications by 226.3% in the 3rd quarter. Man Group plc now owns 2,012,077 shares of the technology company’s stock valued at $35,131,000 after buying an additional 1,395,485 shares during the period. 84.36% of the stock is owned by institutional investors and hedge funds.

About Iridium Communications

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.