GET DAILY SIGNALSGlobalstar (GSAT) Q3 2026: Revenue Slip and Wider Loss as Amazon Deal Advances
Key Takeaways
- Globalstar reported third-quarter 2026 revenue of $70.9 million, down about 4% from $73.9 million a year earlier and below consensus estimates.
- The company swung to a net loss of $15.7 million, or $0.14 per share, compared with net income of $1.1 million, or $0.01 per share, in the prior-year quarter.
- Interest expense more than doubled to $23.9 million, driven largely by non-cash imputed interest tied to the 2024 Prepayment Agreement, flipping an otherwise stable operating quarter into a loss.
- Commercial IoT (Internet of Things) remained a bright spot, with subscriber equipment sales up roughly 31% and last-twelve-months gross activations up about 25%.
- Management has suspended financial guidance and earnings calls while the pending acquisition by Amazon works toward an expected 2027 close.
- For more on the ticker's Major News, Today's Price Move, Price Targets, and Forecast, explore the dedicated pages for additional detail.
Putting the Quarter in Context
Globalstar's third-quarter report arrives during a particularly intricate period for the satellite connectivity provider. The company is moving through a pending acquisition by Amazon while rolling out replacement satellites that matter for both its service plans and the merger's closing conditions. I am watching whether the core business areas—wholesale capacity, commercial IoT, and government services—can keep their momentum even as merger-related costs and higher interest obligations affect the bottom line. This quarter stands out because it gives a clearer view of underlying demand trends apart from the deal noise, and the reported loss shows how much non-operating items are now influencing GAAP results.
Breaking Down the Q3 Numbers
For the third quarter ended September 30, 2026, Globalstar reported total revenue of $70.9 million, a decline from $73.85 million in the same period last year and below consensus estimates of roughly $73 million to $75 million. Service revenue fell to $65.4 million from $69.6 million, pressured by lower wholesale capacity service fees and subscriber churn in the Duplex and SPOT product lines. Subscriber equipment sales rose about 31% to $5.5 million, reflecting continued strength in Commercial IoT. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
The company posted a net loss of $15.7 million, or $0.14 per share, compared with net income of $1.1 million, or $0.01 per share, a year ago. The miss against estimates was driven primarily by interest expense, which more than doubled to $23.9 million from $11.0 million, largely non-cash imputed interest stemming from the 2024 Prepayment Agreement. For the first nine months of 2026, revenue totaled $205.7 million versus $201.0 million a year earlier, while the net loss widened to $57.0 million from a $3.0 million profit.
How the Market Responded
Shares showed a muted initial response to the report, easing modestly in early trading, with the stock holding near the $84 range and still up meaningfully on a year-to-date basis—outperforming the broader Nasdaq composite. The subdued reaction suggests investors had largely priced in a messy quarter defined by rising interest costs and merger-related distortions, while the operational bright spots in Commercial IoT and progress on satellite deployment provided some reassurance. Sentiment remains anchored to the Amazon transaction rather than near-term earnings, with shareholders focused on regulatory milestones and the satisfaction of satellite-based closing conditions rather than a single quarter's GAAP loss.
What to Watch Going Forward
Looking ahead, the dominant variable for GSAT is the pending Amazon acquisition, expected to close in 2027. Shareholders may elect to receive $90 per share in cash or Amazon stock, and the deal's completion hinges on outstanding regulatory approvals and the achievement of specific HIBLEO-4 satellite milestones.
The first set of replacement satellites was successfully launched during the quarter, an operational step directly tied to the merger's closing conditions. Investors should monitor the delivery and launch schedule for the remaining satellites, along with any updates from regulators following the FCC Space Bureau's approval.
On the financial side, watch whether interest expense continues to weigh on GAAP results and how the company manages its debt load, which stood at about $414.7 million at quarter-end. Commercial IoT growth, subscriber equipment momentum, and the pace of wholesale capacity service fees will remain the clearest signals of underlying demand. With guidance and earnings calls suspended during the deal process, satellite milestones and regulatory timelines will likely carry more weight for the stock than any single earnings print.
Exploring AI-Powered Research with Tickeron
In my own analysis process, I frequently use Tickeron’s AI Screener to filter stocks by technical patterns, fundamentals, and industry trends. It helps surface comparable setups quickly and supports more structured comparisons across sectors like satellite connectivity. This tool has become a regular part of how I review names like GSAT alongside peers.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
GSAT in upward trend: price rose above 50-day moving average on November 02, 2026
GSAT moved above its 50-day moving average on November 02, 2026 date and that indicates a change from a downward trend to an upward trend. In 37 of 40 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2026. You may want to consider a long position or call options on GSAT as a result. In 89 of 108 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 82%.
The Moving Average Convergence Divergence (MACD) for GSAT just turned positive on November 03, 2026. Looking at past instances where GSAT's MACD turned positive, the stock continued to rise in 44 of 50 cases over the following month. The odds of a continued upward trend are 88%.
Following a +1.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where GSAT advanced for three days, in 190 of 259 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
The Aroon Indicator entered an Uptrend today. In 177 of 234 cases where GSAT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 76%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 40 of 60 cases where GSAT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 67%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GSAT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
GSAT broke above its upper Bollinger Band on October 05, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 8 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 43 (best 1 - 100 worst), indicating steady price growth. GSAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 56 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: GSAT's P/B Ratio (36.985) is very high in comparison to the industry average of (2.078). GSAT's P/E Ratio (-174.021) is considerably lower than the industry average of (-4.900). Projected Growth (PEG Ratio) (0.270) is also within normal values, averaging (8.005). Dividend Yield (0.000) settles around the average of (0.125) among similar stocks. GSAT's P/S Ratio (37.313) is slightly higher than the industry average of (5.777).
The Tickeron SMR rating for this company is 95 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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a provider of mobile satellite services
Industry MajorTelecommunications
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