Gogo Slashes 2026 Guidance on Shipment Delays, Litigation Costs
GOGO sits 19% above its 52-week low of $3.02.
Summary
Gogo cut its 2026 revenue and adjusted EBITDA outlook, blaming delayed Galileo and 5G equipment shipments and rising litigation costs. This follows last week's Q2 miss where revenue came in ~3% below consensus and the company swung to a net loss. Service revenue remains steady, and the company secured FAA/EASA approvals for Galileo HDX on Falcon 7X/8X, plus STCs for Pilatus PC-12 and Gulfstream G650/G650ER. A new multi-year NOAA SATCOM/cyber contract adds a bright spot, but the guidance cut overshadows the regulatory wins. The stock, already under pressure, faces further downside risk as shipment delays persist.
At the time of this announcement, GOGO was trading at $3.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $492.6M. The 52-week trading range was $3.02 to $15.11. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.