Earnings Releases·Nov 6, 2026, 4:05 PM ET

Gogo Inc. — Third Quarter 2026 Earnings Summary

Total revenue declined 5% year-over-year to $213.2 million, while net loss widened to $3.2 million; however, free cash flow improved significantly to $28.1 million from a negative $2.5 million in the prior year period.
Management reiterated full-year 2026 guidance for revenue ($870M–$895M), Adjusted EBITDA ($175M–$185M), and free cash flow ($65M–$85M), noting a reduction in projected litigation expenses to $18 million.
Strategic momentum is evident in Gogo Galileo equipment shipments, which reached a record 172 units (up 95% YoY), alongside major OEM wins including standard fit agreements with Textron Aviation and orders from Bombardier and PlaneSense.
The company secured a 10-year renewal of its exclusive nationwide air-to-ground spectrum licenses through 2036 and amended its Term Loan B facility to extend maturity to 2030 with a commitment to $75 million in principal repayments by end-2027.
The business is transitioning from a domestic ATG provider to a global LEO/GEO satellite connectivity provider, with next-generation software flash cuts planned for Q1 2027 and a technology roadmap targeting 5x download and 10x upload speed enhancements over six years.