Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides other services, such as inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the department of defense's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.
IPO Year:
Exchange: NASDAQ
Website: iridium.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/11/2025 | $26.00 | Strong Buy → Outperform | Raymond James |
| 9/9/2025 | $16.00 | Neutral → Sell | BWS Financial |
| 5/5/2025 | $34.00 | Outperform | Oppenheimer |
| 4/22/2025 | Mkt Perform → Outperform | William Blair | |
| 1/24/2025 | $40.00 | Overweight | Cantor Fitzgerald |
| 2/16/2024 | $30.00 | Buy → Neutral | BWS Financial |
| 2/15/2024 | Outperform → Mkt Perform | William Blair | |
| 9/18/2023 | $57.00 | Hold → Buy | Deutsche Bank |
| 7/27/2023 | $66.00 → $65.00 | Equal Weight → Overweight | Barclays |
| 6/22/2023 | $61.00 | Hold | Deutsche Bank |
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3 - Iridium Communications Inc. (0001418819) (Issuer)
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4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
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Hyundai's Hi MATE Remote Fleet Management System to Utilize Iridium's IoT Services for Delivery of Critical Machine Data MCLEAN, Va., Dec. 9, 2025 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq IRDM), a leading provider of global voice, data, and positioning, navigation and timing (PNT) satellite services, today announced it has been selected by HD Hyundai Construction Equipment, a leading construction equipment manufacturer, to integrate their vehicle monitoring system Hi MATE with Iridium's truly global satellite IoT connectivity. This integration enables HD Hyundai to expand the reach of its Hi MATE service into new markets and regions, enhancing connectivity and support for its glob
NEW YORK, Dec. 5, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 22, to coincide with the quarterly rebalance. The changes ensure that each index is more representative of its market capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Dec 22, 2025 S&P 500 Addition CRH CRH Mat
MCLEAN, Va., Dec. 4, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, today announced the appointment of Louis Alterman to its Board of Directors, effective immediately. This appointment expands the size of the Board to twelve members, nine of whom are independent. "Louis' background aligns perfectly with Iridium's strategic vision to deliver innovative and unique communication services across the globe," said Matt Desch, CEO, Iridium. "His proven track record of guiding companies through peri
New Contract Supports Enhancements to the Iridium and U.S. DoD EMSS Service Center and Related Facilities MCLEAN, Va., Dec. 2, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, today announced it has been awarded a 5-year indefinite delivery/indefinite quantity (IDIQ) contract from United States Space Force's (USSF) Space Systems Command Commercial Space Office (COMSO) with a potential value of up to $85.8 million. The System Infrastructure Transformation and Hybridization (SITH) contract ena
MCLEAN, Va., Nov. 4, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice, data and PNT satellite services, today announced that Company executives would participate in upcoming investor conferences: The Deutsche Bank Global Space Summit on Wednesday, November 19, 2025.The Bank of America Leveraged Finance Conference on Tuesday, December 2, 2025.The Raymond James TMT and Consumer Conference on Tuesday, December 9, 2025.Presentations from the conferences will be webcast on the Investor Relations section of Iridium's webs
Iridium NTN Direct satellite connectivity will give Vodafone IoT's customers even more coverage across the planet MCLEAN, Va., Nov. 4, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, today announced a new partnership with Vodafone IoT to integrate its Iridium NTN DirectSM service. The new partnership will extend Vodafone IoT's coverage for customers wanting NB-IoT connectivity – meaning that devices in the most remote locations will now be connected. Through this partnership, Vodafone IoT wi
Devices reliant on GPS and other Global Navigation Satellite Systems (GNSS) can integrate comprehensive protection against jamming, spoofing and time interruptions with the Iridium PNT ASIC MCLEAN, Va., Oct. 27, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite communications, today announced a leap forward in the security of GPS and other GNSS-reliant devices against jamming, spoofing and timing interruptions with the unveiling of a dedicated, miniature application-specific integrated circuit (ASIC), the Iridium® PNT ASIC. Engineered for seamless integration into a wide range of electronic devices, the Iridium PNT AS
MCLEAN, Va., Oct. 23, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice, data, and PNT satellite services, today reported financial results for the third quarter of 2025 and updated its full-year 2025 outlook. During the quarter, the Company continued to strengthen its position in mission-critical communications and safety services, while delivering strong cash flow. "We continue to execute with discipline, focusing efforts on growth markets where our unique network delivers a competitive advantage, specifically in g
Iridium to join forces with T-Mobile for live-site activations throughout the United States MCLEAN, Va., Oct. 21, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, today announced it 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 to support a broad network deployment of Iridium® PNT services. Iridium is working with T-Mobile (NASDAQ:TMUS) to launch live-site activations across the United States, which delivers state-of-the-art, 5G network complementary timing synchronization t
Multiple Iridium data services integrated into the powerful Snapdragon platform for U.S. government and allied users MCLEAN, Va., Oct. 14, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, and Qualcomm Technologies, Inc. (QTI) today announced that they have successfully integrated Iridium® data services into the Snapdragon® Mission Tactical Radio (MTR) and intend to make these services available for adoption and use by U.S. government customers and approved allied partners. By integrating Iridi
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10-Q - Iridium Communications Inc. (0001418819) (Filer)
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Raymond James downgraded Iridium Communications from Strong Buy to Outperform and set a new price target of $26.00
BWS Financial downgraded Iridium Communications from Neutral to Sell and set a new price target of $16.00
Oppenheimer initiated coverage of Iridium Communications with a rating of Outperform and set a new price target of $34.00
William Blair upgraded Iridium Communications from Mkt Perform to Outperform
Cantor Fitzgerald initiated coverage of Iridium Communications with a rating of Overweight and set a new price target of $40.00
BWS Financial downgraded Iridium Communications from Buy to Neutral and set a new price target of $30.00
William Blair downgraded Iridium Communications from Outperform to Mkt Perform
Deutsche Bank upgraded Iridium Communications from Hold to Buy and set a new price target of $57.00
Barclays upgraded Iridium Communications from Equal Weight to Overweight and set a new price target of $65.00 from $66.00 previously
Deutsche Bank initiated coverage of Iridium Communications with a rating of Hold and set a new price target of $61.00
Live Leadership Updates
NEW YORK, Dec. 5, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 22, to coincide with the quarterly rebalance. The changes ensure that each index is more representative of its market capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Dec 22, 2025 S&P 500 Addition CRH CRH Mat
MCLEAN, Va., Dec. 4, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, today announced the appointment of Louis Alterman to its Board of Directors, effective immediately. This appointment expands the size of the Board to twelve members, nine of whom are independent. "Louis' background aligns perfectly with Iridium's strategic vision to deliver innovative and unique communication services across the globe," said Matt Desch, CEO, Iridium. "His proven track record of guiding companies through peri
Iridium to join forces with T-Mobile for live-site activations throughout the United States MCLEAN, Va., Oct. 21, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice, data, and PNT satellite services, today announced it 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 to support a broad network deployment of Iridium® PNT services. Iridium is working with T-Mobile (NASDAQ:TMUS) to launch live-site activations across the United States, which delivers state-of-the-art, 5G network complementary timing synchronization t
MCLEAN, Va., June 17, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, today announced the appointment of Monique Shivanandan to its Board of Directors, effective today. Shivanandan has served as Group Chief Data & Analytics Officer at HSBC Holdings plc, a multinational financial services company, since May 2023, having previously served as Chief Information Security Officer at HSBC since July 2020. She served as a group Chief Information Officer at the Chubb Group of Insurance Companies from
MCLEAN, Va., Aug. 21, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) today announced that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer and Bryan J. Hartin, 60, Executive Vice President, Sales and Marketing, plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Vincent O'Neill as its new Chief Financial Officer and Timothy Last as the new Executive Vice President, Sales and Marketing, each to be effective January 1, 2025.
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MCLEAN, Va., Oct. 23, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice, data, and PNT satellite services, today reported financial results for the third quarter of 2025 and updated its full-year 2025 outlook. During the quarter, the Company continued to strengthen its position in mission-critical communications and safety services, while delivering strong cash flow. "We continue to execute with discipline, focusing efforts on growth markets where our unique network delivers a competitive advantage, specifically in g
MCLEAN, Va., Oct. 2, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice, data, and PNT satellite services, will host a conference call on Thursday, October 23, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's third-quarter 2025 financial results. In advance of the call on October 23, 2025, Iridium will issue its third-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start ti
MCLEAN, Va., July 24, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2025 and updated its full-year 2025 outlook. Net income was $22.0 million, or $0.20 per diluted share, for the second quarter of 2025, as compared to net income of $32.3 million, or $0.27 per diluted share, for the second quarter of 2024. The decrease in net income was primarily the result of a one-time $19.8 million gain related to the acquisition of Satelles, Inc. recognized in the second quarter of 2024, which did not reoccur in 2025. Operational EBITDA ("OEBITDA")(
MCLEAN, Va., July 3, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, July 24, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2025 financial results. In advance of the call on July 24, 2025, Iridium will issue its second-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time t
MCLEAN, Va., April 22, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2025 and reiterated its full-year 2025 outlook. Net income was $30.4 million, or $0.27 per diluted share, for the first quarter of 2025, as compared to net income of $19.7 million, or $0.16 per diluted share, for the first quarter of 2024. Operational EBITDA ("OEBITDA")(1) for the first quarter was $122.1 million, as compared to $115.0 million for the prior-year period, representing a year-over-year increase of 6%.
MCLEAN, Va., March 31, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Tuesday, April 22, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's first-quarter 2025 financial results. In advance of the call on April 22, 2025, Iridium will issue its first-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time
Returned a record $469 million to shareholders in 2024MCLEAN, Va., Feb. 13, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2024 and issued its full-year 2025 guidance. Net income was $36.3 million, or $0.32 per diluted share, for the fourth quarter of 2024, as compared to net income of $38.0 million, or $0.30 per diluted share, for the fourth quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $117.1 million, as compared to $114.1 million for the prior-year period, representing a year-over-year increase of 3%.
MCLEAN, Va., Jan. 23, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, February 13, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's fourth-quarter and full year 2024 financial results. In advance of the call on February 13, 2025, Iridium will issue its fourth-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the
MCLEAN, Va., Oct. 17, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook. Net income was $24.4 million, or $0.21 per diluted share, for the third quarter of 2024, as compared to net loss of $1.6 million, or $0.01 per diluted share, for the third quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the third quarter was a record $124.4 million, as compared to $121.3 million for the prior-year period. Net income benefitted from the year-over-year increases in service revenue, engineering and suppor
MCLEAN, Va., Sept. 30, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, October 17, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the Company's third-quarter 2024 financial results. In advance of the call on October 17, 2024, Iridium will issue its third-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 a
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