Globalstar reported third-quarter 2026 revenue of $70.9 million, including $65.4 million from services and $5.5 million from subscriber equipment sales. Service revenue fell $4.2 million year over year, mainly due to lower wholesale capacity revenue and declines in Duplex and SPOT, partly offset by Commercial IoT growth, where last-twelve-month activations hit a record and gross activations rose 25%. Income from operations was $7.6 million, down from $10.2 million a year earlier. The company launched the first set of HIBLEO-4 replacement satellites and received an FCC authorization for its C-3 constellation. The FCC Space Bureau approved Amazon's application to acquire Globalstar's FCC licenses in October, and the pending deal is expected to close in 2027.
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