Gogo (NASDAQ:GOGO) Releases Earnings Results, Misses Estimates By $0.09 EPS

Gogo (NASDAQ:GOGO) issued its earnings results on Friday. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09), Briefing.com reports. Gogo had a positive return on equity of 71.74% and a negative net margin of 0.65%.The firm had revenue of $230.56 million for the quarter. During the same period in the prior year, the firm posted ($0.22) EPS. The company’s quarterly revenue was up 67.3% on a year-over-year basis.

Here are the key takeaways from Gogo’s conference call:

• Gogo expects a major product ramp in 2026 with combined Galileo and 5G shipments to exceed 1,000 units and a path to roughly 700 Galileo aircraft installed by year-end, which management says will generate high‑margin recurring service revenue.
• Management provided 2026 guidance of $905M–$945M revenue, adjusted EBITDA of $198M–$218M and free cash flow of $90M–$110M, with strategic spend and net CapEx set to decline—supporting management’s deleveraging and FCF improvement thesis.
• A robust commercial pipeline (over 1,000 aircraft, weighted pipeline >400) plus major fleet and OEM traction — including sustained relationships with NetJets, a VistaJet rollout and additional line‑fit/STC wins — should drive long‑term installations and recurring service revenue.
• Military and government is a growing diversification vector—MilGov revenue grew 34% YoY (international up 94%), and management highlighted wins and contracts (C‑130 hatch mounts, an SES BPA with a $33M ceiling) targeting a large underserved TAM.
• Near‑term headwinds remain: ATG aircraft online are expected to decline (management expects ~1,000 net ATG units down by year‑end and residual Classic conversions), Q4 equipment margins were negative from write‑offs and HDX pricing is near cost, and the company carries substantial debt (≈$848M principal, net leverage ~3.3x), which could pressure near‑term profitability and working capital needs.

Gogo Stock Performance

Shares of NASDAQ:GOGO traded down $0.12 during trading on Friday, reaching $4.23. The company had a trading volume of 2,666,258 shares, compared to its average volume of 1,979,858. The stock’s fifty day moving average price is $4.57 and its 200 day moving average price is $7.34. Gogo has a fifty-two week low of $3.85 and a fifty-two week high of $16.82. The company has a debt-to-equity ratio of 7.79, a current ratio of 1.74 and a quick ratio of 1.40. The firm has a market capitalization of $566.20 million, a price-to-earnings ratio of -84.60 and a beta of 1.04.

Insider Activity

In other news, insider Oakleigh Thorne purchased 170,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were acquired at an average cost of $5.34 per share, for a total transaction of $907,800.00. Following the completion of the purchase, the insider directly owned 954,098 shares in the company, valued at $5,094,883.32. The trade was a 21.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.78% of the stock is currently owned by company insiders.

Institutional Trading of Gogo

Several hedge funds have recently modified their holdings of GOGO. The Manufacturers Life Insurance Company raised its position in Gogo by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 25,934 shares of the technology company’s stock worth $381,000 after acquiring an additional 1,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Gogo by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,205 shares of the technology company’s stock worth $338,000 after purchasing an additional 2,342 shares during the period. Quarry LP increased its holdings in shares of Gogo by 86.1% in the 3rd quarter. Quarry LP now owns 7,171 shares of the technology company’s stock valued at $62,000 after purchasing an additional 3,318 shares in the last quarter. Swiss National Bank increased its holdings in shares of Gogo by 2.8% in the 4th quarter. Swiss National Bank now owns 145,100 shares of the technology company’s stock valued at $676,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Gogo by 300.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,163 shares of the technology company’s stock valued at $120,000 after purchasing an additional 6,123 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GOGO shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gogo in a research report on Monday, December 29th. William Blair cut Gogo from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 9th. Finally, Morgan Stanley set a $8.00 price target on shares of Gogo in a research note on Friday, January 16th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gogo currently has an average rating of “Hold” and a consensus price target of $12.25.

Gogo Company Profile

Gogo Inc is a leading provider of in-flight connectivity and entertainment solutions for commercial and business aviation. The company specializes in delivering broadband internet, voice and text services, and streaming entertainment to passengers at 35,000 feet. Gogo’s offerings include both air-to-ground (ATG) networks and satellite-based connectivity, enabling reliable in-flight internet access across a range of aircraft types.

Gogo’s ATG network spans the United States and portions of Canada, using ground towers to transmit data signals directly to equipped aircraft.