Globalstar Q2 revenue dips
August 7, 2026

By Chris Forrester



Satellite operator Globalstar, in the process of being acquired by Amazon’s low Earth orbiting project, has reported Q2 2026 revenue of $64.8 million (€56.2m), down about 4 per cent from $67.1 million a year earlier. It cited higher transaction, network and technology-development costs which pushed operations into a loss.

Service revenue declined by $3.2 million, partly because last year’s Q2 2025 included $6.6 million of out-of-period wholesale capacity revenue. Subscriber equipment revenue increased by $0.8 million, supported primarily by higher Commercial IoT device sales and, to a lesser extent its XCOM RAN system sales.


Operating expenses increased to $69.5 million from $61 million. This more than offset the quarter’s revenue and resulted in a $4.8 million operating loss, compared with operating income of $6.1 million a year earlier.

Commercial IoT remained Globalstar’s primary subscriber growth business. Wholesale capacity services remained the largest revenue source but faced an unfavorable comparison with the prior-year accounting item.

Average Commercial IoT subscribers increased to 580,427 from 534,505, and the company reported record quarterly activations. Gross Commercial IoT activations increased by more than 20 per cent on a trailing-12-month basis. Because Commercial IoT ARPU declined marginally to $4.31 from $4.40, subscriber expansion – not higher ARPU – was the principal driver of the service revenue increase.

The proposed Amazon transaction still requires approvals, including from the FCC and certain international authorities. Closing is expected in 2027.