stockrowLatest quarter
Globalstar reported Q2 FY2026 revenue of $64.8 million, down from $67.1 million a year earlier and below the consensus of $73.0 million. The company reported a diluted loss per share of −$0.23, compared with diluted earnings per share of $0.13 a year earlier.
The filing attributes the quarterly revenue decline primarily to variability in wholesale capacity services, where fees depended on the timing and amount of network-cost reimbursements. Globalstar reported growth in commercial IoT service revenue and average subscribers, while SPOT revenue fell as subscribers declined amid competitive pressure. Duplex service revenue also fell as average subscribers declined following the company’s decision to discontinue manufacturing and selling Duplex devices.
Globalstar’s gross margin declined to 58.3% from 66.7%, and its operating margin moved to −7.37% from 9.15%. The filing says operating expenses rose, including higher service costs and legal and professional fees. Globalstar’s free cash flow was $123.3 million, compared with $155.1 million a year earlier.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $64.8 million | $67.1 million | −3.54% |
| Diluted EPS | −$0.23 | $0.13 | −276.9% |
| Gross margin | 58.3% | 66.7% | −8.4 percentage points |
| Operating margin | −7.37% | 9.15% | −16.5 percentage points |
| Free cash flow | $123.3 million | $155.1 million | −20.5% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Revenue | $64.8 million | $73.0 million | Missed by 11.2% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
The latest earnings call is not available, so management’s call commentary and analysts’ questions and answers cannot be reported.
Guidance
Globalstar’s management guidance is not available, so the company’s current outlook cannot be compared with its previous guide or any outlook that may have been discussed on the call.