The FCC dismissed Iridium’s request to revise the Big LEO plan.
Iridium reiterated full-year 2026 guidance for flat to 2% service revenue growth.
Iridium’s commercial broadband revenue fell 5% year over year to $12.2 million in the first quarter of 2026.
Iridium’s satellite network includes 66 satellites in low Earth orbit at an altitude of 485 miles.
Iridium’s IoT data revenue was $46 million in the first quarter of 2026, up 5% year over year.
Iridium’s first-quarter 2026 revenue was $219.1 million.
Iridium plans to continue focusing on IoT expansion, PNT capabilities, national security, and aviation systems.
Iridium’s first-quarter 2026 equipment sales and engineering revenue was $61 million.
Iridium reported a 2% year-over-year revenue increase in the first quarter of 2026.
Iridium’s net income was $21.6 million in the first quarter of 2026, compared with $30.4 million in the same quarter of 2025.
Iridium’s first-quarter 2026 service revenue was $158 million.
Iridium is conducting live over-the-air tests of Iridium NTN Direct ahead of a full commercial launch later in 2026.
Iridium NTN Direct is a narrow-band satellite IoT service that operates on 3GPP standards.
Iridium added 18,000 total subscribers in the first quarter of 2026 and ended the quarter with 2,434,000 commercial subscribers.
Iridium’s full commercial launch of NTN Direct is expected later in 2026.
IoT subscribers accounted for 83% of Iridium’s subscribers in the first quarter of 2026.
Iridium NTN Direct is intended to complement direct-to-device services from SpaceX, AST SpaceMobile, and Amazon Leo.
Iridium’s adjacent 1618-1626 MHz allocation is viewed as a potential target for additional L-band spectrum.
Globalstar’s spectrum includes 8.725 MHz of L-band, a 0.95 MHz sliver shared with Iridium, and 16.5 MHz of S-band.
Iridium is positioning its PNT signal as a foundational layer for identity management.