Earnings summaries and quarterly performance for Iridium Communications.
Executive leadership at Iridium Communications.
Matthew J. Desch
Detailed
Chief Executive Officer
CEO
Kathleen A. Morgan
Detailed
Chief Legal Officer
Scott T. Scheimreif
Detailed
Executive Vice President, Government Programs
Suzanne E. McBride
Detailed
Chief Operations Officer
Timothy J. Last
Detailed
Executive Vice President, Sales and Marketing
Vincent J. O’Neill
Detailed
Chief Financial Officer
Board of directors at Iridium Communications.
Admiral Eric T. Olson (Ret.)
Detailed
Director
Alvin B. Krongard
Detailed
Director
Jacqueline E. Yeaney
Detailed
Director
Kay N. Sears
Detailed
Director
L. Anthony Frazier
Detailed
Director
Monique S. Shivanandan
Detailed
Director
Robert H. Niehaus
Detailed
Chairman of the Board
Thomas C. Canfield
Detailed
Director
Thomas J. Fitzpatrick
Detailed
Director
Research analysts who have asked questions during Iridium Communications earnings calls.
Ric Prentiss
Raymond James
6 questions for IRDM
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Christopher Quilty
Quilty Space
5 questions for IRDM
Also covers: ASTS, BKSY, GILT +7 more
Colin Canfield
Cantor Fitzgerald
5 questions for IRDM
Also covers: AIRO, AMTM, ASTS +10 more
Hamed Khorsand
BWS Financial
5 questions for IRDM
Also covers: ADEA, ARLO, ATEN +13 more
Mathieu Robilliard
Barclays PLC
5 questions for IRDM
Also covers: BOUYY, FNCTF, LILA +1 more
Edison Yu
Deutsche Bank
4 questions for IRDM
Also covers: ACHR, ADNT, ALV +19 more
Justin Lang
Morgan Stanley
3 questions for IRDM
Also covers: CW, GOGO, SGHT +3 more
Walter Piecyk
LightShed Partners
3 questions for IRDM
Also covers: AMX, CCOI, GSAT +6 more
Greg Mesniaeff
Kingswood Capital Partners
2 questions for IRDM
Also covers: RBBN, SPCB
Gregory Mesniaeff
Kingswood Partners
2 questions for IRDM
Also covers: SPCB
Louie DiPalma
William Blair
2 questions for IRDM
Also covers: AIR, ASTS, AVAV +16 more
Simon Flannery
Morgan Stanley
2 questions for IRDM
Also covers: ABBN.SW, AMT, BCE +11 more
Timothy Horan
Oppenheimer & Co. Inc.
2 questions for IRDM
Also covers: AI, ASTS, BKSY +18 more
Christopher David Quilty
Quilty Space Inc.
1 question for IRDM
Louis De Palma
William Blair
1 question for IRDM
Louis Dipalma
William Blair & Company
1 question for IRDM
Also covers: AIR, BAH
Tim Horan
Oppenheimer
1 question for IRDM
Xin Yu
Deutsche Bank
1 question for IRDM
Also covers: ACHR, ADNT, ALV +12 more
Recent press releases and 8-K filings for IRDM.
Iridium Communications Updates 2025 Guidance and Outlines Strategic Capital Allocation
IRDM
Guidance Update
Share Buyback
New Projects/Investments
- Iridium Communications' CFO, Vince O'Neill, reported the company generates over $300 million in free cash flow annually.
- The company updated its 2025 service revenue growth guidance to 3% (from 3-5%) due to a PNT business push-out, while raising its 2025 OEBITDA guidance to $495-$500 million.
- In response to increased competition, particularly from Starlink, Iridium has paused share repurchases to build cash for M&A opportunities and enhance financial flexibility, targeting net leverage of at or less than 2x by 2030 from its current 3.5x.
- The fastest-growing IoT segment is expanding into new markets with standards-based narrowband IoT solutions (3GPP Release 19), with chips expected in the second half of 2026.
- The $110 million annual DoD contract is expected to be renewed beyond its September 2026 expiration, with recent renewals of related gateway contracts indicating continued government reliance.
3 days ago
Iridium Communications Updates 2025 Guidance and Strategic Priorities
IRDM
Guidance Update
Share Buyback
M&A
- Iridium Communications projects over $300 million in free cash flow for 2025 , with a cumulative outlook of $1.5 billion over the next five years. The company has also tightened its 2025 service revenue growth guidance to 3% and OEBITDA guidance to the higher end of $495-$500 million.
- The company has paused share repurchases to build cash for potential M&A opportunities and to support deleveraging from its current 3.5x net leverage to a target of at or less than 2x by 2030.
- Iridium is expanding its IoT business into standards-based narrowband IoT, with chips incorporating its technology expected in the marketplace in H2 2026, aiming to open a significant new total addressable market.
- While acknowledging potential increased competitive intensity from Starlink's S-band spectrum purchase in the long term, Iridium expects minimal impact on its core industrial use cases due to the ruggedized nature and critical communication needs.
3 days ago
Iridium Communications Discusses Financial Outlook and Strategic Growth at 2025 Conference
IRDM
Guidance Update
New Projects/Investments
Share Buyback
- Iridium Communications' CFO, Vince O'Neill, highlighted the company's strong financial position, projecting over $300 million in free cash flow for 2025 and $1.5 billion cumulatively over the next five years. The OEBITDA guidance for 2025 was tightened to the higher end of the range, $495 million-$500 million, despite service revenue guidance being tightened to 3%.
- The company is focusing on strategic growth areas, including the rapidly expanding IoT segment, particularly personal communications and the new standards-based narrowband IoT, with chips expected in the market by H2 2026. Iridium also acquired Satelles in Q2 2024 to enhance its Position Navigation Timing (PNT) business.
- Iridium expects to naturally deleverage from its current three and a half times net leverage to at or less than two times by 2030. The company has paused share repurchases to build cash for financial flexibility and potential M&A opportunities.
- The $110 million annual DoD contract, part of a $738 million seven-year agreement, is expected to be extended beyond its September 2026 expiry, supported by recent renewals of related gateway contracts.
- While acknowledging increased competitive intensity from Starlink's S-band spectrum acquisition, particularly in telephony and personal communications towards the end of the decade, Iridium believes its industrial use cases and critical communications remain resilient.
3 days ago
Iridium awarded 5-year contract by U.S. Space Force
IRDM
New Projects/Investments
- Iridium Communications Inc. (IRDM) has been awarded a 5-year indefinite delivery/indefinite quantity (IDIQ) contract from the United States Space Force's (USSF) Space Systems Command Commercial Space Office (COMSO).
- The contract, named System Infrastructure Transformation and Hybridization (SITH), has a potential value of up to $85.8 million.
- SITH will support technological refreshes, lifecycle upgrades, and security enhancements for the Enhanced Mobile Satellite Services (EMSS) Service Center, Technical Support Center, and Defense Ground Station.
- This contract is the latest of three core EMSS contracts between Iridium and the USSF, building on the EMSS Airtime Contract and the Capabilities and Security Sustainment Services Contract (ECS3).
4 days ago
Iridium Reports Q3 2025 Results and Adjusts Strategy Amidst Competitive Landscape
IRDM
Earnings
Guidance Update
New Projects/Investments
- Iridium reported Q3 2025 Operational EBITDA up 10% to $136.6 million and commercial service revenue up 4% to $138.3 million, driven by growth in commercial IoT, PNT, and voice and data.
- The company tightened its full-year 2025 forecast for service revenue growth to approximately 3% and narrowed OEBITDA guidance to between $495 million and $500 million.
- In response to increased competition from developments like the proposed EchoStar spectrum acquisition by Starlink, Iridium is pausing its share repurchase program to emphasize strategic growth initiatives, including investments in Iridium NTN Direct, PNT services, and exploring complementary acquisitions.
- Iridium expects to generate at least $1.5 billion to $1.8 billion in total cash flows from 2026 through 2030 and projects pro forma free cash flow of about $304 million for 2025.
Oct 23, 2025, 12:30 PM
Iridium Updates 2025 Guidance and Pauses Share Repurchase Program Amid Evolving Competitive Landscape
IRDM
Guidance Update
Share Buyback
New Projects/Investments
- Iridium narrowed its 2025 OEBITDA guidance to between $495 million and $500 million and tightened its full-year service revenue growth forecast to approximately 3%, primarily due to the delay of PNT revenue into future periods.
- The company is pausing its share repurchase program to emphasize strategic growth initiatives and disciplined capital deployment, expecting to add approximately $50 million to its cash position by year-end, while continuing its quarterly dividend program.
- Management acknowledged increased competition from D2D services, specifically the proposed EchoStar spectrum acquisition by Starlink, and plans to pivot by focusing on unique, specialized services, investing in industrial-grade IoT and PNT, and exploring acquisitions.
- Despite competitive changes, Iridium anticipates generating at least $1.5 billion-$1.8 billion in total cash flows from 2026 through 2030, with pro forma free cash flow of about $304 million projected for 2025.
Oct 23, 2025, 12:30 PM
Iridium awarded U.S. Department of Transportation contract
IRDM
New Projects/Investments
Partnership
- Iridium Communications Inc. has been selected by the U.S. Department of Transportation (DOT) for an award through its Complementary Positioning, Navigation, and Timing (CPNT) Action Plan Rapid Phase Award II.
- This award supports a broad network deployment of Iridium PNT services to strengthen PNT resilience and enhance the safety of critical infrastructure, specifically 5G networks.
- Iridium is partnering with T-Mobile to launch live-site activations across the United States, expanding the installation of Iridium PNT receivers to 90 additional live 5G network sites.
- Iridium PNT signals offer sub-100-nanosecond accuracy and are 1,000 times stronger than GNSS systems like GPS, helping to protect against GPS disruptions and ensure reliable 5G network performance.
Oct 21, 2025, 11:01 AM
Iridium and Qualcomm Partner for Satellite Connectivity in Snapdragon Mission Tactical Radio
IRDM
Product Launch
New Projects/Investments
- Iridium Communications Inc. and Qualcomm Technologies, Inc. (QTI) have successfully integrated Iridium data services into the Snapdragon Mission Tactical Radio (MTR).
- This integration is intended for U.S. government customers and approved allied partners, providing flexible, highly reliable, and secure L-band satellite communications for Snapdragon MTR-equipped devices.
- The Snapdragon MTR will integrate Iridium Short Burst Data® (SBD®) and Iridium Burst® services, enabling powerful global connectivity for devices with strict size, weight, power, and cost requirements.
- QTI-powered devices with integrated Iridium data services are expected to be available following finalization of commercial arrangements and will be eligible for activation through the Enhanced Mobile Satellite Services (EMSS) program.
Oct 14, 2025, 11:01 AM
Quarterly earnings call transcripts for Iridium Communications.
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