Iridium CommunicationsEPS of $0.98, revenue of $245.7M misses by $2.84M

• Iridium Communications press release (IRDM): Q3 EPS of $0.98 may not be comparable to consensus of $0.41.
• Net income was $106.9 million, or $0.98 per diluted share, for the third quarter of 2026, as compared to net income of $37.1 million, or $0.35 per diluted share, for the third quarter of 2025. The increase was primarily the result of the $103.9 million gain related to the acquisition of Aireon, which is included in the Company's condensed consolidated statements starting in the third quarter. Operational EBITDA ("OEBITDA)for the third quarter of 2026 was $135.6 million, as compared to $136.6 million for the prior-year period. The year-over-year change in OEBITDA was partly due to $4.5 million in higher expenses related to the previously disclosed change to pay annual incentive compensation solely in cash.
• The Company ended the third quarter with 2,696,000 total billable subscribers, up from 2,542,000 for the year-ago period and 2,627,000 for the quarter ended June 30, 2026. Total billable subscribers grew 6% year-over-year, led by growth in commercial Internet of Things (IoT).
• Revenue of $245.7M (+8.3% Y/Y) misses by $2.84M

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