Gogo Inc Q2 revenue falls on business aviation weakness

Gogo

06/08/2026 12:42

Overview
US in-flight connectivity provider's Q2 revenue declined 1% yr/yr, driven by lower business aviation sales
Military/government service revenue grew 40% yr/yr, offsetting business aviation weakness
Company posted Q2 net loss of $2 mln, compared to net income last year

Outlook
Gogo sees 2026 total revenue between $870 mln and $895 mln
Company expects 2026 adjusted EBITDA of $175 mln to $185 mln
Gogo anticipates Galileo and 5G ramping in 2H 2026

Result Drivers
MILITARY/GOVERNMENT DEMAND - Co said record military/government service revenue was driven by ongoing demand for secure airborne connectivity and expansion in the segment
BUSINESS AVIATION WEAKNESS - Business aviation service revenue declined, reflecting weaker demand in that segment
NEXT-GEN PRODUCT TRANSITION - Co said ongoing ramp-up of Galileo and 5G equipment shipments is driving transition to next-generation products

Company press release: ID:nGNX5KDRZy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$222.80 mln
$229.35 mln (2 Analysts)
Q2 Loss Per Share
 
$0.01
 
Q2 Net Loss
 
$2 mln
 
Q2 Adjusted EBITDA
 
$53.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 Gogo Inc. is $9.50, about 113% above its August 5 closing price of $4.46
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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(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.)