Iridium Communications Inc. (IRDM) saw its stock price soar 5.02% during intraday trading on Tuesday, marking a significant upward movement for the satellite communications company.

The surge appears to be driven by a positive earnings preview released earlier in the session. Analysts expect Iridium to report earnings of 34 cents per share and a 1.7% increase in revenue to $218.44 million for the quarter ending March 31, 2026, when it announces results later this week. The current average analyst rating on the shares is "buy," with the majority of recommendations being "strong buy" or "buy."