Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing GSAT more generously than it does today.
Analysis OverviewHoldUpdated May 1, 2026
Globalstar, Inc. (GSAT) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
5
analysts
2 bullish · 0 bearish · 5 covering GSAT
Strong Buy
0
Buy
2
Hold
3
Sell
0
Strong Sell
0
Consensus Target
$66
-19.5% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
5
Published analyst ratings
Valuation Context
—
Forward P/E · Market cap $10.4B
GSAT price targets
Three scenarios for where GSAT stock could go
Current
~$82
Confidence
30 / 100
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Globalstar, Inc.
GSAT · NASDAQCommunication ServicesTelecommunications ServicesDecember year-end
Globalstar operates a satellite communications network providing mobile voice, data, and IoT connectivity services worldwide. It generates revenue primarily through service subscriptions and equipment sales — including SPOT consumer safety devices and commercial tracking solutions — with wholesale minutes to independent operators contributing additional income. The company's key advantage is its proprietary low-earth orbit satellite constellation, which provides reliable coverage in remote areas where terrestrial networks are unavailable.
Market Cap
$10.4B
Revenue TTM
$262M
Net Income TTM
-$50M
Net Margin
-19.0%
GSAT Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
33%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
-346.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 2 of 4Q2 2025
EPS
$-0.10/$-0.07
Revenue
$60M/$65M
Q3 2025
EPS
$0.13/$-0.09
Revenue
$67M/$69M
Q4 2025
EPS
$-0.01/$-0.01
Revenue
$74M/$71M
Q1 2026
EPS
$-0.07/$0.01
Revenue
$72M/$71M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $-0.10/$-0.07 | -42.9% | $60M/$65M | -7.0% |
| Q3 2025 | $0.13/$-0.09 | +244.4% | $67M/$69M | -2.7% |
| Q4 2025 | $-0.01/$-0.01 | +0.0% | $74M/$71M | +4.7% |
| Q1 2026 | $-0.07/$0.01 | -800.0% | $72M/$71M | +1.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$285M
+8.7% YoY
FY2
$311M
+9.2% YoY
EPS Outlook
FY1
$-0.35
+11.8% YoY
FY2
$-0.32
+8.9% YoY
Trailing FCF (TTM)$151M
FCF Margin: 57.6%
Next Earnings
May 14, 2026
Expected EPS
$-0.02
Expected Revenue
$71M
GSAT beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
GSAT Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $343M
Product Mix
Latest annual revenue by segment or product family
Service
69.3%
+16.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
86.8%
+21.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Service is the largest disclosed segment at 69.3% of FY 2024 revenue, up 16.4% YoY.
UNITED STATES is the largest reported region at 86.8%, up 21.0% YoY.
GSAT Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Overvalued
Fair value est. $30 — implies -63.1% from today's price.
Premium to Fair Value
63.1%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
GSAT
-138.9x
vs
S&P 500
25.2x
651% discount
vs Communication Services Trailing P/E
GSAT
-138.9x
vs
Communication Services
15.5x
994% discount
vs GSAT 5Y Avg P/E
Today
-138.9x
vs
5Y Average
—
Benchmark unavailable
Forward PE
—
S&P 500
19.1x
—
Communication Services
13.1x
—
5Y Avg
—
—
Trailing PE
-138.9x
S&P 500
25.2x
-651%
Communication Services
15.5x
-994%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.75x
—
Communication Services
0.66x
—
5Y Avg
—
—
EV/EBITDA
119.8x
S&P 500
15.3x
+685%
Communication Services
8.7x
+1275%
5Y Avg
47.7x
+151%
Price/FCF
58.2x
S&P 500
21.3x
+173%
Communication Services
11.6x
+403%
5Y Avg
79.2x
-27%
Price/Sales
41.5x
S&P 500
3.1x
+1226%
Communication Services
1.0x
+3858%
5Y Avg
19.0x
+119%
Dividend Yield
0.10%
S&P 500
1.88%
-95%
Communication Services
3.38%
-97%
5Y Avg
0.25%
-58%
| Metric | GSAT | S&P 500 | Communication Services | 5Y Avg GSAT |
|---|---|---|---|---|
| Forward PE | — | 19.1x | 13.1x | — |
| Trailing PE | -138.9x | 25.2x-651% | 15.5x-994% | — |
| PEG Ratio | — | 1.75x | 0.66x | — |
| EV/EBITDA | 119.8x | 15.3x+685% | 8.7x+1275% | 47.7x+151% |
| Price/FCF | 58.2x | 21.3x+173% | 11.6x+403% | 79.2x-27% |
| Price/Sales | 41.5x | 3.1x+1226% | 1.0x+3858% | 19.0x+119% |
| Dividend Yield | 0.10% | 1.88% | 3.38% | 0.25% |
GSAT trades above S&P 500 benchmarks on 3 of 4 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolGSAT Financial Health
Verdict
Stressed
GSAT earns 1.4% operating margin on regulated earnings, 0.1% dividend yield. Utilities carry higher leverage than industrials as a structural feature of the business model.
Regulated Operations
Revenue, regulated margins, and earnings
Revenue (TTM)
Trailing-twelve-month sales base
$262M
Revenue Growth
TTM vs prior year
+8.5%
Operating Margin
Operating income divided by revenue
1.4%
Net Margin
Net income divided by revenue
-19.0%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-0.39
Operating Margin
Operating income over revenue — primary regulated earnings signal
1.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-0.1%
ROA
Return on assets, trailing twelve months
-2.3%
Cash & Equivalents
Liquid assets on the balance sheet
$391M
Net Debt
Total debt minus cash
$151M
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.0× FCF
Regulated utilities typically operate at 3–5× net debt/FCF — this is structural, not a risk flag.
ROE
Return on equity, trailing twelve months
-13.7%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.1%
Dividend
0.1%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.08
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
126M
All figures from the trailing twelve months. Utilities operate with structural leverage (3–5× net debt/FCF) due to regulated, predictable cash flows.
Open full ratios pageGSAT Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Debt Load and Refinancing
Globalstar's total debt has rebounded to $511 million in 2024, with a low interest coverage ratio of 0.3x. This indicates potential difficulty in meeting interest obligations, especially amid rising interest rates.
High Risk
Customer Concentration
Approximately 63% of Globalstar's revenue in 2025 is reliant on Apple, creating significant risk if this partnership faces disruptions or termination. This heavy reliance on a single customer exposes the company to considerable financial vulnerability.
High Risk
Valuation Concerns
GSAT's sales multiple trades at a significant premium compared to peers, with some analyses suggesting it could be overvalued by over 130%. This raises concerns about the sustainability of its current stock price.
Medium
Satellite Launch Delays
Delays in launching replacement satellites, potentially due to ongoing supply chain issues, pose a significant operational risk. These delays are largely outside the company's control and could impact service delivery.
Medium
Cybersecurity Threats
Globalstar's satellite ground stations face cybersecurity risks, including Advanced Persistent Threats (APTs). Vulnerabilities in hardware distribution networks could lead to significant operational disruptions.
Medium
Government Regulations
Globalstar operates under extensive government regulations, with potential changes in laws and spectrum rights posing threats to operational stability. Compliance with a complex regulatory framework is essential for continued operations.
Lower
Insider Selling
Significant open-market selling by key executives has raised concerns about insider sentiment. This could indicate a lack of confidence in the company's future performance.
Lower
Amazon Acquisition Deal Risks
While the acquisition by Amazon presents potential benefits, risks related to deal completion timing, regulatory approvals, and changes in agreed terms could impact Globalstar's strategic direction.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why GSAT Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Apple Partnership
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.
Emergency Services and Network Resilience
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.
FCC Approval and Network Expansion
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.
Financial Performance and Growth Potential
Globalstar reported strong Q3 earnings with significant revenue growth, driven by high-margin wholesale capacity services. Adjusted EBITDA has also seen a substantial year-over-year increase, indicating enhanced operational efficiency.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
GSAT Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$81.97
52W Range Position
99%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$17.24
+375.5% from the low
52-Week High
$82.85
-1.1% from the high
1 Month
+12.81%
3 Month
+42.19%
YTD
+28.1%
1 Year
+312.9%
3Y CAGR
+80.5%
5Y CAGR
+34.8%
10Y CAGR
+12.0%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
GSAT vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
—
vs 39.7x median
Peer median unavailable
Revenue Growth
+8.7%
vs +10.9% median
-20% below peer median
Net Margin
-19.0%
vs -4.0% median
-374% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
GSA GSAT Globalstar, Inc. | $10.4B | — | +8.7% | -19.0% | Hold | -19.5% |
IRD IRDM Iridium Communications Inc. | $4.3B | 36.5x | +5.3% | 12.1% | Buy | -12.5% |
VSA VSAT Viasat, Inc. | $8.8B | — | +10.9% | -4.0% | Buy | -14.3% |
GIL GILT Gilat Satellite Networks Ltd. | $1.5B | 39.7x | +32.0% | 4.6% | Buy | -64.8% |
MNK MNKD MannKind Corporation | $1.1B | 218.4x | +34.5% | -6.6% | Buy | +96.6% |
SAT SATS EchoStar Corporation | $16.5B | — | +4.2% | -155.1% | Buy | +4.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
GSAT Dividend and Capital Return
GSAT returns 0.1% total yield, led by a 0.10% dividend.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
0.1%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.10%
Payout Ratio
—
How GSAT Splits Its Return
Div 0.10%
Dividend 0.10%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.08
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
126M
FAQ
7 questionsGSAT Investor Questions
Common questions answered from live analyst data and company financials.
01Is Globalstar, Inc. (GSAT) stock a buy or sell in 2026?
Globalstar, Inc. (GSAT) is rated Hold by Wall Street analysts as of 2026. Of 5 analysts covering the stock, 2 rate it Buy or Strong Buy, 3 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $66, implying -19.5% from the current price of $82.
02What is the GSAT stock price target for 2026?
The Wall Street consensus price target for GSAT is $66 based on 5 analyst estimates. The high-end target is $70 (-14.6% from today), and the low-end target is $62 (-24.4%).
03Is Globalstar, Inc. (GSAT) stock overvalued in 2026?
Forward earnings data for GSAT is not currently available. Review the valuation table above for trailing P/E, EV/EBITDA, and price-to-sales comparisons against market and sector benchmarks.
04What are the main risks for Globalstar, Inc. (GSAT) stock in 2026?
The primary risks for GSAT in 2026 are: (1) Debt Load and Refinancing — Globalstar's total debt has rebounded to $511 million in 2024, with a low interest coverage ratio of 0. (2) Customer Concentration — Approximately 63% of Globalstar's revenue in 2025 is reliant on Apple, creating significant risk if this partnership faces disruptions or termination. (3) Valuation Concerns — GSAT's sales multiple trades at a significant premium compared to peers, with some analyses suggesting it could be overvalued by over 130%. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Globalstar, Inc.'s revenue and earnings forecast?
Analyst consensus estimates GSAT will report consensus revenue of $285M (+8.7% year-over-year) and EPS of $-0.35 (+11.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $311M in revenue.
06When does Globalstar, Inc. (GSAT) report its next earnings?
Globalstar, Inc. is expected to report its next earnings on approximately 2026-05-14. Consensus expects EPS of $-0.02 and revenue of $71M. Over recent quarters, GSAT has beaten EPS estimates 33% of the time.
07How much free cash flow does Globalstar, Inc. generate?
Globalstar, Inc. (GSAT) generated $151M in free cash flow over the trailing twelve months — a free cash flow margin of 57.6%. GSAT returns capital to shareholders through dividends (0.1% yield) and share repurchases ($0 TTM).