Telecommunication services Q1 earnings miss estimates, stocks fall 18.5% on average

Yahoo Finance·26 Jun 2026·Read original

2▲1 ▼4Impact / 5

Earnings Wireless Telecommunication Services

Summary · why it matters

The six telecommunication services stocks tracked reported a softer first quarter, with aggregate revenues missing analysts' consensus estimates by 1.2%. Iridium posted revenues of $219.1 million, up 1.9% year on year but falling short of expectations by 0.9%, while Cogent Communications reported $239.2 million, down 3.2% and missing by 0.9%. Array saw the fastest revenue growth at 92.8% to $52.01 million but missed estimates by 4.3%, and Lumen Technologies beat revenue expectations by 2.3% with $2.90 billion despite an 8.9% decline. Viasat's revenues rose 2.1% to $1.17 billion but lagged estimates by 3%. On average, share prices of these companies have fallen 18.5% since their latest earnings results.

Array Digital Infrastructure, Inc. ▼

Cogent Communications Group Inc ▼

Iridium Communications Inc ▼

Lumen Technologies Inc ▲

Impact on assets 7

Cloud & Digital Infrastructure± Mixed · 3 stocks

Array Digital Infrastructure, Inc.

▼ NegativeCapitalrelevance

Array missed revenue estimates by 4.3% despite 92.8% growth, contributing to sector-wide earnings miss.

Cogent Communications Group Inc

▼ NegativeCapitalrelevance

Cogent Communications reported revenue down 3.2% and missed estimates by 0.9%.

Lumen Technologies Inc

▲ PositiveCapitalrelevance

Lumen Technologies beat revenue expectations by 2.3% despite an 8.9% decline.

Space Economy▼ · 2 stocks

Iridium Communications Inc

▼ NegativeCapitalrelevance

Iridium posted revenue up 1.9% but missed estimates by 0.9%.

Space Exploration Technologies Corp. Class A Common Stock

Mentioned

Defense & Geopolitical Fragmentation▼ · 1 stocks

▼ NegativeCapitalrelevance

Viasat's revenues rose 2.1% but lagged estimates by 3%.

Cybersecurity & Digital Trust▲ · 1 stocks

Mentioned