Company Issues 2026 Outlook: OEBITDA Expected at $480 to $490 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
0mins
Should l Buy IRDM?
The company issued its full-year 2026 outlook and reaffirmed its long-term guidance on cash taxes and net leverage: Total service revenue growth projected to be flat to 2% for full-year 2026. OEBITDA for 2025 was $495.3 million. In 2026, the company determined to pay incentive compensation entirely in cash, rather than a mix of equity and cash as has been the company's prior practice. This change is projected to have a $17 million impact to OEBITDA, resulting in expected full-year 2026 OEBITDA of $480 million to $490 million. Without this change, OEBITDA would have been projected to be in a range of $497 million to $507 million. Cash taxes of less than $10 million per year through 2027. The company's longer-term cash tax rate is expected to move closer to the statutory rate in 2029. Net leverage at or below 3.0 times OEBITDA by the end of 2026 and falling below 2.0 times OEBITDA by the end of the decade. Net leverage was 3.4 times OEBITDA at December 31, 2025.
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Analyst Views on IRDM
Wall Street analysts forecast IRDM stock price to rise
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 23.070
Low
16.00
Averages
25.83
High
37.00
Current: 23.070
Low
16.00
Averages
25.83
High
37.00
About IRDM
Iridium Communications Inc. operates the mobile voice and data satellite communications network that spans the entire globe. The Company enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, it delivers a portfolio of solutions for markets that require global communications. Its principal vertical lines of business include land mobile, maritime, aviation, IoT, hosted payloads and other data services, which includes navigation and timing (PNT), and the United States government. Its products include Iridium 9555, Iridium Extreme satellite phones, Iridium Extreme PTT, Iridium GO! Iridium GO!, and others. It provides voice and data communications services to businesses, the United States and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Iridium (IRDM) Q4 2025 Earnings Call Transcript
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- Investor Event Schedule: Iridium Communications will participate in the Barclays Communications and Content Symposium on February 24, 2026, showcasing its leadership in global satellite services, which is expected to attract investor interest and boost market confidence.
- Engagement Opportunities: The company will also attend the Raymond James 47th Annual Institutional Investors Conference on March 3, 2026, with a webcast session at 3:25 p.m. ET, further enhancing interaction with investors.
- Industry Influence: At the Deutsche Bank 34th Annual Media, Internet & Telecom Conference on March 9, 2026, Iridium will highlight the unique advantages of its global mobile satellite network, likely facilitating exchanges and collaborations with industry leaders.
- Access to Information: Investors can access relevant webcasts and recordings through the Investor Relations section of Iridium's website, ensuring transparency and bolstering investor confidence in the company's future developments.
See More
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- Investor Event Participation: Iridium Communications Inc. announced its participation in several investor events aimed at enhancing engagement with investors and improving company transparency, which is expected to positively impact shareholder confidence.
- Global Satellite Network: As the world's only truly global mobile satellite network operator, Iridium provides reliable voice, data, and positioning, navigation, and timing services, supporting safety and mission-critical operations across diverse markets such as aviation, maritime, and government.
- Partner Ecosystem: Iridium operates through a network of over 500 partner companies worldwide, which enhances its market competitiveness and service capabilities by delivering products and services through these partnerships.
- Headquarters Location: Headquartered in McLean, Virginia, Iridium is committed to providing essential connectivity in critical infrastructure and remote monitoring applications, solidifying its position as a leader in global satellite communications.
See More
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- Cisco's Stock Plunge: Despite beating earnings and revenue expectations, Cisco Systems Inc. (NASDAQ:CSCO) saw its shares drop over 11%, marking the worst single-day decline since May 2022, as investors expressed concerns over profit durability.
- Tech Sector Decline: The iShares Tech-Expanded Software Sector ETF (NYSE:IGV) fell 3.7%, revisiting lows from last week, indicating heightened sensitivity to AI disruption risks following Cisco's outlook.
- Small Caps Underperform: The Nasdaq 100 dropped 1.7%, while both the S&P 500 and Dow Jones Industrial Average lost 1.2%, with the Russell 2000 small-cap index sliding 2.4%, reflecting a cautious market sentiment.
- Increased Volatility: The VIX surged 16%, as investors rotated into defensive sectors, with utilities and consumer staples outperforming, highlighting a risk-off tone in the market.
See More
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- Performance on Target: Iridium Communications achieved a 3% growth in service revenue for 2025, with operational EBITDA reaching $495.3 million, reflecting the company's financial stability and potential for sustained growth.
- Strong Free Cash Flow: The company reported nearly $300 million in free cash flow for 2025, with projections of $318 million for 2026, indicating a solid capacity for capital returns and investment in new services.
- Strategic Investment Focus: CEO highlighted ongoing investments in four key growth areas, including narrowband IoT and national security, expecting to create over $200 million in revenue opportunities by 2030, showcasing confidence in future growth.
- Product Launch Plans: Iridium plans to introduce several new products, including maritime Iridium Certus GMDSS terminals and Iridium NTN Direct for global narrowband IoT, further solidifying its leadership position in the market.
See More
Iridium (IRDM) Q4 2025 Earnings Call Transcript
See More
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- Significant Revenue Growth: The quarterly revenue reached $846.75 million, exceeding the Street estimate of $830.54 million and marking a 20.4% increase from $703.17 million in the same period last year, showcasing HubSpot's competitive strength in the market.
- Stock Price Surge: Following the positive earnings report, HubSpot's shares jumped 9.4% to $228.93 on Thursday, reflecting investor optimism about the company's growth potential and likely attracting more investor interest.
- Mixed Market Performance: While U.S. stocks showed mixed results overall, HubSpot's strong performance distinguished it among many stocks, demonstrating relative resilience and appeal in a fluctuating market.
See More
