TradingKey – Iridium Communications (NASDAQ: IRDM) is trading at $54.55 after testing the top of an uptrend black line on the four-hour timeframe. While its RSI (77.58) is in overbought territory, bullish momentum continues and there is no bearish divergence at the moment.

Iridium reported a Q1 2026 top-line of $219.1 million, which matches the consensus expectation of $219.18 million and is up 1.9% year-over-year. While EPS of $0.20 missed estimates by 28.57% (consensus is at $0.28), this is a one-time event. In fact, total billable subscribers are now up 5% year-over-year at 2.56 million and continue to be driven by growth in commercial IoT. The EPS miss comes as a result of a previously announced change that makes all annual incentive…