Globalstar Beats Q4 Revenue Forecast, Sets 2026 Targets as Two‑Way IoT Gains Traction
Management outlined a 2026 plan targeting $280–$305 million in revenue with an adjusted EBITDA margin near 50%.
Overview
- Fourth‑quarter revenue reached $71.96 million, topping the Zacks estimate, while the company posted a loss of $0.07 per share.
- Service revenue grew 17% year over year, driven by higher wholesale capacity, performance bonuses, and new two‑way satellite IoT offerings including the RM200M module.
- Shares rose about 4% to $60.19 in midday trading following the results and forward outlook.
- Guidance signals scaling ambitions through 2026, pairing the revenue target range with a profitability goal near half of sales on an adjusted EBITDA basis.
- Analysts maintained a broadly positive stance on GSAT with an average buy rating and a $66.50 12‑month price target.