Gogo Reiterates 2026 Outlook After Galileo Shipments Rise

The Tip Desk · November 6, 2026 · 3 min read

Third-quarter revenue was $213.2 million and the company kept full-year revenue guidance at $870 million to $895 million.

Gogo Inc. (GOGO), a provider of broadband connectivity for business and military/government aviation, reported third-quarter revenue of $213.2 million, down 5% from a year earlier, and a net loss of $3.2 million, or $0.02 a share.

Adjusted EBITDA was $41.0 million. The company reiterated its August 2026 full-year outlook of $870 million to $895 million in revenue and $175 million to $185 million in Adjusted EBITDA, with ongoing litigation expense in that Adjusted EBITDA range reduced to $18 million from $22 million in the prior guidance.

Service revenue was $182.7 million. Business aviation service revenue was $145.6 million. Military/government service revenue was $37.2 million, up 36% from a year earlier. Equipment revenue was $30.5 million.

Gogo Galileo equipment units shipped totaled 172, up 95% from a year earlier. Total ATG equipment units sold were 142.

Aircraft online for Galileo reached 297, up 1,550% from a year earlier. Total ATG aircraft online were 5,399. Broadband GEO aircraft online were 1,285. Average monthly connectivity service revenue per ATG aircraft online was $3,268.

Chief executive Chris Moore said the quarter reflected progress in Gogo’s transformation from a domestic air-to-ground provider into a global provider of high-speed LEO and GEO satellite connectivity. The Federal Communications Commission renewed Gogo’s exclusive nationwide air-to-ground spectrum licenses through 2036.

The company completed an amendment and extension of its approximately $600 million original Term Loan B, pushing maturity to October 2030. The deal commits Gogo to $75 million in principal repayments through the end of 2027, including an immediate $25 million paydown, $30 million by December 31, 2026, and $20 million by December 31, 2027. Inclusive of amortization, overall debt will be reduced by a cumulative $92 million by the end of 2027, the company said.

Cash and cash equivalents were $90.7 million. Net cash provided by operating activities was $26.3 million. Free cash flow was $28.1 million.

During and after the quarter, Textron Aviation said it would include Galileo HDX as a standard fit on its Citation Longitude, Latitude and Ascend jets. PlaneSense selected Galileo HDX for a fleet of 71 Pilatus aircraft. Gogo received a first sizeable OEM order from Bombardier for 10 Galileo FDX and 15 Galileo HDX units. Duncan Aviation purchased 40 Galileo HDX systems. TransMedics contracted to equip 22 Embraer Phenom 300E aircraft, with full deployment expected by mid-2027.

Gogo received a six-month FCC extension, to May 8, 2027, for its Rip & Replace network program and said it plans to flash-cut customers to the new software system by the end of the first quarter of 2027. It also received a sovereign communications lease renewal valued at more than $15 million for GEO connectivity to an overseas government customer.

CFO Zac Cotner said that as recurring revenue from next-generation platforms grows, the company expects a more favorable revenue mix and greater stability in its forecasting model. Full-year free cash flow guidance remains $65 million to $85 million, including the updated litigation expense and $25 million slated for strategic investments in 2026, net of any FCC reimbursement. Net capital expenditures are assumed at $20 million, reflecting $55 million in consolidated capital expenditures and $35 million in 2026 FCC reimbursement.