Globalstar's investment case hinges on converting its $1.6B net PPE buildout into contracted wholesale revenue, yet Q2 2026 results show revenue contracting 3.5% YoY to $64.8M with a -45.1% net margin, suggesting the Apple-driven opportunity has not yet translated into sustainable profitability.
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Revenue growth is volatile, swinging from +16.7% YoY in Q1 2026 to -3.5% in Q2 2026, while operating margins deteriorated to -7.4% and net margin hit -45.1%, indicating the company is not consistently earning its allowed return on spectrum assets.
Globalstar has an expanded $1.1 billion partnership with Apple to enhance satellite-to-cellular connectivity for newer iPhone models. This collaboration, centered on Apple's Emergency SOS feature, allows iPhone users to send text messages to emergency services from areas without cellular or Wi-Fi coverage by connecting to Globalstar's satellites.
Globalstar's satellite network has demonstrated resilience, providing reliable emergency service access during critical events like hurricanes. This highlights the robustness of its infrastructure and its importance in disaster response and business continuity.
Globalstar has received a 15-year FCC approval to operate up to 26 additional satellites, ensuring long-term service continuity and the potential for expanded capacity to meet growing demand.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | -$0.14-13.4% vs -$0.12 | $71M-4.8% vs $74M |
Q3 2026 Aug 6, 2026 | -$0.23-165.4% vs -$0.09 | $65M-10.0% vs $72M |
Q2 2026 May 7, 2026 | -$0.16-223.8% vs -$0.05 | $70M-1.2% vs $71M |
Q1 2026 Feb 27, 2026 | -$0.07-800.0% vs $0.01 | $72M+1.0% vs $71M |
Globalstar (GSAT) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to a loss of $0.01 per share a year ago.
Successful satellite launch, key regulatory approvals, and strong Commercial IoT device sales highlight third-quarter achievements Generated third quarter 2026 revenue of $70.9 million with another quarter of strong Commercial IoT subscriber activations. Successfully launched first set of HIBLEO-4 replacement satellites, marking a major milestone in supporting the continued reliability and performance of Globalstar's existing mobile satellite services network.
SAN DIEGO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- XCOM RAN by Globalstar has been named the winner of the Gold Stevie® Award for Technology Innovation of the Year in the third annual Stevie Awards for Technology Excellence . XCOM RAN was recognized for its advanced private 5G solution that provides the essential foundation for autonomous operations and Physical AI in manufacturing and logistics environments.
Oct 27 (Reuters) - The Federal Communications Commission said Tuesday it has approved Amazon (AMZN.O), opens new tab Leo's $11.57 billion deal to acquire Globalstar (GSAT.O), opens new tab.
Benchmark GSAT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Globalstar, Inc. (GSAT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $84.32 | $10.86B | -147.85 | 9.04% | -26.61% | -23.31% | 0.1% | |
| $44.04 | $4.67B | 29.42 | 4.93% | 18.06% | 32.93% | 1.32% | |
| $63.95 | $8.81B | -255.80 | 2.67% | -2.07% | -2.07% | — | |
| $7.19 | $542.64M | 18.87 | 47.87% | 6.21% | 6.14% | — | |
| $3.90 | $1.25B | -16.69 | 22.23% | -18.1% | — | — | |
| $94.27 | $8.53B | -34.14 | -99.96% | -3648.31% | -22.91% | 0.05% |
Globalstar, Inc. (GSAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Globalstar, Inc. (GSAT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
May 15, 2026·SEC
May 7, 2026·SEC
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Globalstar, Inc. (GSAT) stock FAQ — growth, dividends, profitability & financials explained
Globalstar, Inc. (GSAT) reported $277.7M in revenue over the trailing twelve months. Revenue was $273.0M in fiscal year 2025. That is 224% more than the $84.4M of fiscal year 2004.
Globalstar, Inc. (GSAT) grew revenue by 5.9% over the trailing twelve months, compared with the twelve months before.
No. Globalstar, Inc. (GSAT) reported a net loss of $73.9M over the trailing twelve months.
Globalstar, Inc. (GSAT) does not currently pay a meaningful dividend.
Globalstar, Inc. (GSAT) had a return on equity (ROE) of -23.3% over the trailing twelve months. A negative ROE means the company lost money over the period.
Globalstar, Inc. (GSAT) had negative free cash flow of $0.8M over the trailing twelve months.
