Equity Profile

GSAT

Globalstar, Inc.

Communication ServicesAlternative Carriers$10.7B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Globalstar, Inc. is a communication services company that provides satellite-based communication solutions....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is essential as it indicates the company's ability to attract and retain customers, which directly impacts revenue.

N/A

Average Revenue Per User (ARPU)

ARPU is a key metric that shows how much revenue the company generates from each subscriber, reflecting pricing power and service value.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

GSAT Q2-2026 Earnings Preview

Context

Company Snapshot

Globalstar, Inc. is a communication services company that provides satellite-based communication solutions. With a market cap of $11 billion, it plays a crucial role in connecting remote areas and supporting various industries, including maritime, aviation, and energy.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-460.52%

Avg Stock Reaction

+0.85%

Last Quarter Recap

In Q1-2026, Globalstar reported an EPS of -$0.16, significantly missing expectations. The stock reacted negatively, dropping 0.60% the following day.

Management Promises & Guidance

Management indicated a focus on expanding satellite coverage.
They committed to improving customer service and support.
Plans to enhance technology infrastructure were mentioned.

Expectations

Wall Street Expectations

Overall, expectations for Globalstar's upcoming earnings are cautious, especially following recent misses. Investors are looking for signs of improvement in subscriber metrics and cost management.

Bull Case

If Globalstar can demonstrate strong subscriber growth and improved ARPU, it could signal a turnaround, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to show progress in subscriber acquisition or if operating expenses remain high, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate and how does it compare to previous quarters?

Subscriber growth is critical for revenue generation, and any significant change could impact investor confidence.

What steps is management taking to control operating expenses?

Understanding cost management strategies will be crucial for assessing the company's path to profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber growth due to new service offerings that could attract more customers.

Supporting Evidence

Recent investments in technology may lead to improved service quality and customer retention.

The options market is pricing in a larger move than historical averages, suggesting heightened uncertainty.

Management's focus on enhancing customer service could lead to better subscriber satisfaction and growth.

Key Risk

If subscriber growth exceeds 10%, it could significantly challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on subscriber metrics and cost management, which are pivotal for the company's financial health.

Bull Confirmed If

Demonstrating a subscriber growth rate of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If operating expenses exceed $20 million, it would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.1%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move of about 6.1%, indicating uncertainty about the earnings report.

Options are pricing ±6.1% while GSAT has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.1%

30d HV

8.0%

Calls (211K)P/C Ratio: 0.02Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Globalstar beats expectations, history suggests a potential stock increase of around 0.25%, confirming a positive outlook.

In-Line / Cautious

An in-line report with cautious management commentary could lead to a muted response, reflecting ongoing investor uncertainty.

Miss

If the company misses again, history suggests a decline of approximately 1.64%, indicating continued investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new service offerings and their expected impact on subscriber growth.
2Details on cost management strategies and their effectiveness.
3Any changes in pricing strategy that could affect ARPU.
4Insights into customer retention rates and satisfaction levels.
5Management's outlook on market conditions and competitive landscape.

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Company Snapshot

Globalstar, Inc. is a communication services company that provides satellite-based communication solutions....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is essential as it indicates the company's ability to attract and retain customers, which directly impacts revenue.

N/A

Average Revenue Per User (ARPU)

ARPU is a key metric that shows how much revenue the company generates from each subscriber, reflecting pricing power and service value.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

GSAT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-460.52%

Avg Stock Reaction

+0.85%

Last Quarter Recap

In Q1-2026, Globalstar reported an EPS of -$0.16, significantly missing expectations. The stock reacted negatively, dropping 0.60% the following day.

Management Promises & Guidance

Management indicated a focus on expanding satellite coverage.
They committed to improving customer service and support.
Plans to enhance technology infrastructure were mentioned.

Expectations

Wall Street Expectations

Overall, expectations for Globalstar's upcoming earnings are cautious, especially following recent misses. Investors are looking for signs of improvement in subscriber metrics and cost management.

Bull Case

If Globalstar can demonstrate strong subscriber growth and improved ARPU, it could signal a turnaround, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to show progress in subscriber acquisition or if operating expenses remain high, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate and how does it compare to previous quarters?

Subscriber growth is critical for revenue generation, and any significant change could impact investor confidence.

What steps is management taking to control operating expenses?

Understanding cost management strategies will be crucial for assessing the company's path to profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber growth due to new service offerings that could attract more customers.

Supporting Evidence

Recent investments in technology may lead to improved service quality and customer retention.

The options market is pricing in a larger move than historical averages, suggesting heightened uncertainty.

Management's focus on enhancing customer service could lead to better subscriber satisfaction and growth.

Key Risk

If subscriber growth exceeds 10%, it could significantly challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on subscriber metrics and cost management, which are pivotal for the company's financial health.

Bull Confirmed If

Demonstrating a subscriber growth rate of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If operating expenses exceed $20 million, it would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.1%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move of about 6.1%, indicating uncertainty about the earnings report.

Options are pricing ±6.1% while GSAT has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.1%

30d HV

8.0%

Calls (211K)P/C Ratio: 0.02Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Globalstar beats expectations, history suggests a potential stock increase of around 0.25%, confirming a positive outlook.

In-Line / Cautious

An in-line report with cautious management commentary could lead to a muted response, reflecting ongoing investor uncertainty.

Miss

If the company misses again, history suggests a decline of approximately 1.64%, indicating continued investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new service offerings and their expected impact on subscriber growth.
2Details on cost management strategies and their effectiveness.
3Any changes in pricing strategy that could affect ARPU.
4Insights into customer retention rates and satisfaction levels.
5Management's outlook on market conditions and competitive landscape.