Equity Profile

GSAT

Globalstar, Inc.

Communication ServicesAlternative Carriers$10.5B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Globalstar, Inc. (GSAT) operates in the Communication Services sector, focusing on satellite communications....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Globalstar is expanding its customer base, which is crucial for revenue growth.

N/A

Average Revenue Per User (ARPU)

ARPU helps gauge the profitability of each subscriber, reflecting the company's 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. (GSAT) operates in the Communication Services sector, focusing on satellite communications. The company provides services that enable connectivity in remote areas, which is increasingly important as demand for reliable communication grows globally.

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 the last quarter (Q1-2026), Globalstar reported an EPS of -$0.16, significantly missing estimates. The stock reacted negatively, dropping 0.60% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Globalstar's upcoming earnings, particularly after a series of mixed results in previous quarters. The market is looking for signs of improvement in subscriber growth and cost management.

Bull Case

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

Bear Case

Conversely, if the company continues to miss expectations on subscriber metrics and fails to manage costs effectively, 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?

This will be crucial in determining if the company is effectively expanding its market presence and driving revenue.

How are operating expenses being managed?

Effective cost management is vital for improving profitability, especially after recent losses.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber growth driven by new service offerings, which could significantly boost revenue.

Supporting Evidence

Recent trends in satellite communication indicate increased demand for connectivity in remote areas, which Globalstar is well-positioned to capitalize on.

Options pricing suggests a larger move than historical averages, indicating that traders may be anticipating a significant change in sentiment.

Key Risk

If subscriber growth exceeds expectations, it could invalidate the cautious outlook currently held by the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Globalstar can effectively grow its subscriber base while managing costs.

Bull Confirmed If

A subscriber growth rate of over 10% would confirm the bull case and indicate strong demand for services.

Bear Confirmed If

If operating expenses exceed $15 million, it would confirm the bear case and raise concerns about profitability.

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%, suggesting that traders expect volatility around the earnings announcement.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$322,354.45

4,037 sh

1 insider

Net

$322,354.45

Net selling

Most Active Insiders· 1 open-market trade

VP & Chief Financial OfficerClary Rebecca
$322,354.45

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

If results are in line but management is cautious, the stock may see little movement as investors await clearer guidance.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of about 1.64% following negative surprises.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new service offerings and their impact on subscriber growth.
2Any guidance on cost management strategies moving forward.
3Details on partnerships or contracts that could enhance revenue.
4Insights into market demand trends for satellite communications.
5Management's outlook on competitive pressures in the industry.

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Company Snapshot

Globalstar, Inc. (GSAT) operates in the Communication Services sector, focusing on satellite communications....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Globalstar is expanding its customer base, which is crucial for revenue growth.

N/A

Average Revenue Per User (ARPU)

ARPU helps gauge the profitability of each subscriber, reflecting the company's 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 the last quarter (Q1-2026), Globalstar reported an EPS of -$0.16, significantly missing estimates. The stock reacted negatively, dropping 0.60% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

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

Bear Case

Conversely, if the company continues to miss expectations on subscriber metrics and fails to manage costs effectively, 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?

This will be crucial in determining if the company is effectively expanding its market presence and driving revenue.

How are operating expenses being managed?

Effective cost management is vital for improving profitability, especially after recent losses.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber growth driven by new service offerings, which could significantly boost revenue.

Supporting Evidence

Recent trends in satellite communication indicate increased demand for connectivity in remote areas, which Globalstar is well-positioned to capitalize on.

Options pricing suggests a larger move than historical averages, indicating that traders may be anticipating a significant change in sentiment.

Key Risk

If subscriber growth exceeds expectations, it could invalidate the cautious outlook currently held by the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Globalstar can effectively grow its subscriber base while managing costs.

Bull Confirmed If

A subscriber growth rate of over 10% would confirm the bull case and indicate strong demand for services.

Bear Confirmed If

If operating expenses exceed $15 million, it would confirm the bear case and raise concerns about profitability.

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%, suggesting that traders expect volatility around the earnings announcement.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$322,354.45

4,037 sh

1 insider

Net

$322,354.45

Net selling

Most Active Insiders· 1 open-market trade

VP & Chief Financial OfficerClary Rebecca
$322,354.45

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

If results are in line but management is cautious, the stock may see little movement as investors await clearer guidance.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of about 1.64% following negative surprises.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new service offerings and their impact on subscriber growth.
2Any guidance on cost management strategies moving forward.
3Details on partnerships or contracts that could enhance revenue.
4Insights into market demand trends for satellite communications.
5Management's outlook on competitive pressures in the industry.