Iridium Communications (NASDAQ:IRDM) saw its stock surge 6.31% in pre-market trading on Thursday following the release of its impressive third-quarter 2025 financial results. The satellite communications company significantly outperformed analyst expectations, demonstrating robust growth and improved profitability.
Iridium reported quarterly earnings of $0.35 per share, handily beating the analyst consensus estimate of $0.26 by 35.66%. This represents a substantial 66.67% increase from the $0.21 per share earned in the same period last year. The company's revenue also exceeded expectations, coming in at $226.935 million, surpassing the analyst estimate of $220.357 million by 2.99%. This marks a 6.66% year-over-year increase from $212.771 million in the previous year's quarter.
Adding to the positive sentiment, Iridium updated its full-year 2025 outlook, projecting total service revenue growth of approximately 3%. The company's strong performance is reflected in its net income, which reached $37.127 million for the quarter. These results underscore Iridium's continued growth trajectory and its ability to capitalize on the expanding satellite communications market, driving investor enthusiasm and the significant pre-market stock price increase.