IRDM · PEAD → 30

Iridium reported Q2 2026 EPS of $0.19 on 2026-07-22, missing the $0.26 consensus by $0.07 (-26.9%).

Print-day reaction was -0.8% versus the prior close, a muted initial response to the consensus miss. The overnight gap to the T+1 open extended the softness by a further -0.3%, offering no after-hours recovery. Over the following two trading sessions the stock drifted an additional -3.5%, compounding the EPS-miss disappointment through T+3. Cumulative abnormal return of -1.5% versus SPY.US sits inside the ±3% threshold, producing a PEAD verdict of none; the drift neither confirmed nor reversed the initial move with enough force to warrant a directional read through 2026-10-19.