Globalstar (GSAT) Earnings Date & Reports

Key Takeaways

• Globalstar (GSAT) is expected to report its third quarter 2026 results around October 29, with Wall Street consensus pointing to a net loss of roughly $0.12 per share on revenue near $74 million.
• Because of its pending acquisition by Amazon, Globalstar has suspended earnings conference calls and forward-looking guidance, leaving investors to rely on the reported figures alone.
• Wholesale capacity services revenue — largely tied to the Amazon services agreement — remains the single most important driver of the top line.
• The $90-per-share merger consideration means the stock now trades more on merger milestones and Amazon's share price than on standalone fundamentals.
• Globalstar's most recent quarter (Q2 2026) missed consensus on both revenue and EPS (earnings per share), a trend investors will be watching closely.

Earnings Context and Why It Matters

Globalstar, Inc. is a satellite communications company that operates a low Earth orbit (LEO) constellation and licensed spectrum to deliver satellite and terrestrial connectivity. Its upcoming third quarter 2026 report carries unusual weight for two reasons. First, in April 2026 the company announced a definitive agreement to be acquired by Amazon, a deal that has fundamentally changed how the stock is valued. Second, the company generates substantial revenue from wholesale capacity services provided under its services agreement with a major customer tied to that transaction. With management no longer hosting earnings calls or issuing guidance, the quarterly print itself has become the primary source of new information for investors assessing both the business and the merger's trajectory.

Earnings Expectations

Analysts expect Globalstar to report a net loss of approximately $0.12 per share for the third quarter of 2026, with revenue consensus clustered around $74 million. These estimates reflect continued growth in wholesale capacity services revenue, which is driven by fees associated with the reimbursement of network-related costs and by the build-out of next-generation ground network infrastructure.

Investors will also focus on service revenue trends across the company's other segments. Commercial IoT (Internet of Things) revenue has been growing on subscriber additions and favorable pricing, while Duplex and SPOT service revenue have shown subscriber churn over the past year. Subscriber equipment sales, though smaller, have benefited from higher device volumes.

One notable absence this quarter is guidance. In connection with the pending Amazon mergers, Globalstar has said it does not intend to hold future earnings conference calls or provide updates to forward-looking guidance. As a result, the market's reaction will hinge almost entirely on the headline numbers and any new disclosures in the press release, rather than on management commentary.

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Market Reaction and Investor Sentiment

Sentiment heading into this earnings event is shaped less by Globalstar's operating performance and more by the pending Amazon transaction. Under the merger agreement, Globalstar stockholders may elect to receive either $90.00 in cash per share or 0.3210 shares of Amazon common stock (subject to a cap of $90.00 per share), with the transaction expected to close in 2027 pending regulatory approvals. This structure means Globalstar's share price is now closely tethered to Amazon's stock price and to the perceived likelihood of deal completion.

That said, the earnings report still matters. Globalstar's second quarter 2026 results missed consensus on both revenue and EPS, and the company's recent post-earnings drift has been modest. Without a conference call to clarify results, any surprise in wholesale capacity services revenue or in merger-related disclosures could drive a sharper-than-usual market response.

Forward Outlook and Key Factors to Monitor

Looking past the third quarter print, the dominant variable for Globalstar shareholders is the Amazon merger itself. Investors will monitor progress toward the required regulatory approvals and any updates on the expected 2027 closing, since the deal's terms effectively anchor the stock's value.

Operationally, the next-generation satellite roadmap remains important. Globalstar has two launches planned during 2026 as it develops its replacement satellites and a larger third-generation, or C-3, constellation of more than 50 satellites. Progress on these milestones carries direct financial weight, because a shortfall in achieving certain operational milestones could trigger a downward adjustment of up to $110 million in the merger consideration.

Finally, investors should keep an eye on cost trends tied to the XCOM RAN private wireless platform, where the company is incurring personnel and development expenses ahead of meaningful revenue, and on subscriber churn in the Duplex and SPOT segments. With guidance suspended, these items will have to be read directly from the reported figures each quarter.

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