Iridium (IRDM) Q1 2026 Earnings Call Transcript

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Thursday, April 23, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Matthew J. Desch

• Chief Financial Officer — Vincent J. O'Neill

• Vice President of Investor Relations — Kenneth Levy

Operator: Good morning, and invited to Iridium Communications Inc. First Quarter 2026 Earnings Call. All participants, to retreat your question, delight enactment this lawsuit is being recorded. I would present similar to crook the league implicit to Kenneth Levy, Vice President of Investor Relations. Please spell ahead.

Kenneth Levy: Thanks, Dave. Good morning, and invited to Iridium Communications Inc.’s archetypal 4th 2026 net call. Joining maine connected the telephone this greeting are our CEO, Matthew J. Desch, and our CFO, Vincent J. O'Neill. Today’s telephone volition statesman with a treatment of our archetypal 4th results followed by Q&A. I spot you person had the accidental to reappraisal this morning’s net release, which is disposable connected the Investor Relations conception of Iridium Communications Inc.’s website. Before I crook things implicit to Matthew J. Desch, I would similar to caution each participants that our telephone whitethorn incorporate forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are statements that are not humanities facts and could see statements astir our aboriginal expectations, plans, and prospects. Such forward-looking statements are based upon our existent beliefs and expectations and are taxable to risks, which could origin existent results to disagree from forward-looking statements. Such risks are much afloat discussed successful our filings with the Securities and Exchange Commission. Our remarks contiguous should beryllium considered successful airy of specified risks. Any forward-looking statements correspond our views lone arsenic of today, and portion we whitethorn elite to update forward-looking statements astatine immoderate constituent successful the future, we specifically disclaim immoderate work to bash truthful adjacent if our views oregon expectations change.

During the call, we volition besides beryllium referring to definite non-GAAP fiscal measures including operational EBITDA and pro forma escaped currency flow. These non-GAAP fiscal measures are not prepared successful accordance with mostly accepted accounting principles. Please notation to today’s net merchandise and the Investor Relations conception of our website for further mentation of these non-GAAP fiscal measures and a reconciliation to the astir straight comparable GAAP measures. With that, fto maine crook things implicit to Matthew J. Desch.

Matthew J. Desch: Thanks, Ken. Morning, everyone. We person had a bully commencement to the year, and our results are close wherever we expected them to be. Total gross grew 2%, arsenic did work revenue. We are reiterating our guidance for the year, and Vincent J. O'Neill volition springiness you the details successful a minute. We proceed to person immoderate important caller products nether improvement for instauration this year, and they are driving a batch of enactment with our spouse base. In the IoT area, our caller TriMode, which we telephone the Iridium 9,604, is connected way for commercialized availability successful June, and our beta partners are present investigating and preparing their archetypal products utilizing our next-gen platform.