Gogo, Q3 2026 Earnings Call Transcript

Gogo’s transition from legacy air-to-ground services to next-generation connectivity is weighing on revenue and profitability, while Galileo adoption accelerates. Record third-quarter shipments and rising aircraft activations, fleet commitments and an opportunity pipeline of more than 500 aircraft support management’s confidence in continued demand. The company expects Galileo service revenue to grow through new activations and higher revenue per aircraft as introductory discounts expire; its roadmap targets speeds above 1 gigabit by 2032. ATG customer attrition remains a headwind, though management said conversions to competitors declined and upgrades to Galileo and 5G increased.

Military and government revenue rose 36% year over year, and management sees further potential from new missions, including unmanned aircraft. Gogo is evaluating ways to realize value from its renewed spectrum and tower assets. It extended consenting lenders’ loan maturities and made debt reduction its top capital-allocation priority. Full-year 2026 guidance was reiterated: revenue of $870 million–$895 million and adjusted EBITDA of $175 million–$185 million.