Iridium delivered a solid start to FY2026 with 2% revenue growth, driven by advancements in IoT, PNT, and government security segments, while reiterating full-year guidance amid ongoing product launches.
- Total revenue up 2%, with in-service revenue aligned with expectations; guidance reaffirmed for FY2026.
- Launch of Iridium 9604 IoT module on track for June, integrating cellular, GPS, and data services to bolster partner ecosystem and reduce legacy service costs.
- Significant pipeline growth in PNT with a new ASIC rolling out in July, attracting over 100 interested companies and expanding deployment prospects in autonomous, maritime, and critical infrastructure markets.
- Progress in Iridium NTN Direct, with active demonstrations and expanded agreements with 7 MNOs, creating new roamability opportunities in global networks.
- Focus remains on expanding IoT, PNT, and secure Gov/Military applications, supported by strong strategic partnerships and product development momentum.
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