Globalstar Q2 FY26 swings to net loss of $26.5 million; revenue falls 5% to $64.8 million

Reuters2026/08/06 12:06

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Globalstar posted Q2 revenue of USD 64.8 million, including USD 60 million in service revenue and USD 4.8 million from subscriber equipment sales.
Service revenue fell 5% on year to USD 60 million, primarily due to lower wholesale capacity revenue tied to timing of reimbursed network costs.
Operating results swung to an operating loss of USD 4.8 million from operating income, while net results turned to a net loss of USD 26.5 million.
Adjusted EBITDA (non-GAAP) declined to USD 26 million from USD 35.8 million.
Amazon merger review advanced with HSR waiting period expiring July 17, 2026; closing targeted in 2027, subject to approvals and satellite milestones.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Globalstar Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001366868-26-000037), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Globalstar Q2 FY26 swings to net loss of $26.5 million; revenue falls 5% to $64.8 million

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