Equity Profile

GSAT

Globalstar, Inc.

Communication ServicesAlternative Carriers$10.3B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Globalstar, Inc. is a communication services company that provides satellite-based voice and data services....

Key Metrics to Watch

Subscriber Growth

This metric is vital as it indicates the company's ability to expand its customer base and revenue potential.

N/A

Average Revenue Per User (ARPU)

ARPU helps gauge how effectively Globalstar is monetizing its subscriber base, which is essential for profitability.

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 voice and data services. With a market cap of $10 billion, it plays a crucial role in enabling connectivity in remote areas, which is increasingly important as demand for global communication grows.

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

Focus on improving subscriber acquisition strategies.
Commitment to reducing operating costs.
Plans to enhance service offerings to attract new customers.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent efforts to enhance service offerings and reduce costs. However, the significant EPS misses in prior quarters have raised concerns.

Bull Case

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

Bear Case

Continued losses and high operating expenses could further erode investor confidence, resulting in a negative stock reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate compared to last quarter?

This will indicate whether the company's strategies to attract new customers are effective and could impact future revenue.

How has the average revenue per user changed this quarter?

Changes in ARPU will provide insight into the company's pricing power and service value, which are critical for profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Globalstar's potential for subscriber growth due to recent service enhancements and market demand for satellite communication.

Supporting Evidence

Options are pricing a 6.1% move, but the stock has averaged only 3.67% over the last 8 quarters.

The recent focus on cost reduction could lead to better-than-expected operating performance.

Historical patterns suggest that the company has the potential to rebound after a series of misses.

Key Risk

If subscriber growth exceeds 10%, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Globalstar can turn around its subscriber growth and manage costs effectively.

Bull Confirmed If

Subscriber growth of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

Operating expenses exceeding $20 million would confirm 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, suggesting that traders expect volatility around 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 the stock could rise by around 0.25%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management is cautious, the stock may experience muted movement as investors reassess future growth.

Miss

If the company misses expectations again, history indicates a potential drop of around 1.64%, leading to increased skepticism about its recovery.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber acquisition strategies and their effectiveness.
2Any changes in pricing strategy or service offerings.
3Insights on cost management initiatives and their impact.
4Details on competitive landscape and market demand.
5Management's outlook on future growth and profitability.

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Company Snapshot

Globalstar, Inc. is a communication services company that provides satellite-based voice and data services....

Key Metrics to Watch

Subscriber Growth

This metric is vital as it indicates the company's ability to expand its customer base and revenue potential.

N/A

Average Revenue Per User (ARPU)

ARPU helps gauge how effectively Globalstar is monetizing its subscriber base, which is essential for profitability.

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

Focus on improving subscriber acquisition strategies.
Commitment to reducing operating costs.
Plans to enhance service offerings to attract new customers.

Expectations

Wall Street Expectations

Bull Case

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

Bear Case

Continued losses and high operating expenses could further erode investor confidence, resulting in a negative stock reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate compared to last quarter?

This will indicate whether the company's strategies to attract new customers are effective and could impact future revenue.

How has the average revenue per user changed this quarter?

Changes in ARPU will provide insight into the company's pricing power and service value, which are critical for profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Globalstar's potential for subscriber growth due to recent service enhancements and market demand for satellite communication.

Supporting Evidence

Options are pricing a 6.1% move, but the stock has averaged only 3.67% over the last 8 quarters.

The recent focus on cost reduction could lead to better-than-expected operating performance.

Historical patterns suggest that the company has the potential to rebound after a series of misses.

Key Risk

If subscriber growth exceeds 10%, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Globalstar can turn around its subscriber growth and manage costs effectively.

Bull Confirmed If

Subscriber growth of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

Operating expenses exceeding $20 million would confirm 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, suggesting that traders expect volatility around 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 the stock could rise by around 0.25%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management is cautious, the stock may experience muted movement as investors reassess future growth.

Miss

If the company misses expectations again, history indicates a potential drop of around 1.64%, leading to increased skepticism about its recovery.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber acquisition strategies and their effectiveness.
2Any changes in pricing strategy or service offerings.
3Insights on cost management initiatives and their impact.
4Details on competitive landscape and market demand.
5Management's outlook on future growth and profitability.