Globalstar Q4 revenue rises on IoT capabilities expansion

Globalstar

27/02/2026 13:25

Overview

Telecommunications provider's Q4 service revenue rose 17% yr/yr

Net loss for Q4 improved significantly compared to last year

Adjusted EBITDA for Q4 missed analyst expectations

Outlook

Globalstar projects 2026 revenue between $280 mln and $305 mln

Company expects adjusted EBITDA margin of approximately 50% in 2026

Globalstar aims to scale with next-gen satellite deployment and IoT capabilities

Result Drivers

SERVICE REVENUE INCREASE - Q4 service revenue rose 17% due to higher wholesale capacity services and performance bonuses

IoT CAPABILITIES EXPANSION - Launch of two-way satellite IoT capabilities and RM200M module rollout expanded addressable markets

GOVERNMENT AND DEFENSE COLLABORATIONS - Key collaborations in government and defense sectors supported operational progress

Company press release: ID:nBw6Hwh15a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$72 mln
Q4 EPS
-$0.11
Q4 Net Income
-$11.62 mln
Q4 Adjusted EBITDA
Miss
$32.37 mln
$35.29 mln (4 Analysts)
Q4 EBITDA
$20.32 mln
Q4 Operating Income
-$371,000
Q4 Pretax Profit
-$9.59 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Globalstar Inc is $66.50, about 14.9% above its February 26 closing price of $57.88

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)