Equity Profile

GSAT

Globalstar, Inc.

Communication ServicesAlternative Carriers$10.7B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Globalstar, Inc. (GSAT) operates in the communication services sector, focusing on satellite-based communication solutions....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is essential as it indicates the company's ability to expand its customer base and revenue potential.

N/A

Average Revenue Per User (ARPU)

ARPU reflects how much revenue the company generates from each subscriber, which is crucial for assessing 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. (GSAT) operates in the communication services sector, focusing on satellite-based communication solutions. As a key player in alternative carriers, it provides critical connectivity services, particularly in remote areas where traditional networks may not reach.

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 earnings per share (EPS) of -$0.16, significantly missing expectations. The stock reacted negatively, declining by 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 more customers.

Expectations

Wall Street Expectations

Analysts are cautious ahead of the earnings report, especially given the company's recent performance and lack of analyst estimates. Investors are looking for signs of recovery in subscriber growth and revenue.

Bull Case

If Globalstar can demonstrate a rebound in subscriber numbers and improved ARPU, it could signal a strong recovery, leading to positive stock movement.

Bear Case

Conversely, if the company continues to miss expectations on subscriber growth and fails to control costs, 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?

Subscriber growth is a key indicator of the company's market position and future revenue potential, making it crucial for investor confidence.

How are operating expenses being managed?

Effective cost management is essential for improving profitability, especially in light of recent earnings misses.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber recovery due to recent investments in marketing and service enhancements.

Supporting Evidence

Past earnings have shown volatility, but management's focus on subscriber acquisition could lead to unexpected growth.

Options pricing suggests a significant move, indicating that investors may be anticipating a surprise.

The company's commitment to reducing costs could improve margins faster than analysts expect.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on whether Globalstar can turn around its subscriber growth and manage costs effectively.

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 subscriber growth is flat or negative, it would confirm the bear case and raise concerns about the company's future.

Pre-Earnings Positioning

Options Market

Implied Move

±6.06%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors 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)

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 cautious, the stock may experience muted movement as investors await more clarity.

Miss

Should the company miss expectations again, history suggests a potential decline of about 1.64%, leading to increased skepticism.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth and retention strategies.
2Details on cost management initiatives and their impact on margins.
3Any new service offerings or partnerships that could drive growth.
4Management's outlook on market conditions and competition.
5Responses to how recent investments are expected to pay off.

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Company Snapshot

Globalstar, Inc. (GSAT) operates in the communication services sector, focusing on satellite-based communication solutions....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is essential as it indicates the company's ability to expand its customer base and revenue potential.

N/A

Average Revenue Per User (ARPU)

ARPU reflects how much revenue the company generates from each subscriber, which is crucial for assessing 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 earnings per share (EPS) of -$0.16, significantly missing expectations. The stock reacted negatively, declining by 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 more customers.

Expectations

Wall Street Expectations

Bull Case

If Globalstar can demonstrate a rebound in subscriber numbers and improved ARPU, it could signal a strong recovery, leading to positive stock movement.

Bear Case

Conversely, if the company continues to miss expectations on subscriber growth and fails to control costs, 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?

Subscriber growth is a key indicator of the company's market position and future revenue potential, making it crucial for investor confidence.

How are operating expenses being managed?

Effective cost management is essential for improving profitability, especially in light of recent earnings misses.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for subscriber recovery due to recent investments in marketing and service enhancements.

Supporting Evidence

Past earnings have shown volatility, but management's focus on subscriber acquisition could lead to unexpected growth.

Options pricing suggests a significant move, indicating that investors may be anticipating a surprise.

The company's commitment to reducing costs could improve margins faster than analysts expect.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on whether Globalstar can turn around its subscriber growth and manage costs effectively.

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 subscriber growth is flat or negative, it would confirm the bear case and raise concerns about the company's future.

Pre-Earnings Positioning

Options Market

Implied Move

±6.06%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors 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)

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 cautious, the stock may experience muted movement as investors await more clarity.

Miss

Should the company miss expectations again, history suggests a potential decline of about 1.64%, leading to increased skepticism.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth and retention strategies.
2Details on cost management initiatives and their impact on margins.
3Any new service offerings or partnerships that could drive growth.
4Management's outlook on market conditions and competition.
5Responses to how recent investments are expected to pay off.