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

Gogo (NASDAQ:GOGO) posted its quarterly earnings data on Friday. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09), Briefing.com reports. The business had revenue of $230.56 million for the quarter. Gogo had a positive return on equity of 71.74% and a negative net margin of 0.65%.The business’s revenue was up 67.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) earnings per share.

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 Price Performance

Shares of NASDAQ:GOGO opened at $4.23 on Friday. The firm has a market capitalization of $566.19 million, a PE ratio of 42.30 and a beta of 1.04. The company has a current ratio of 1.74, a quick ratio of 1.40 and a debt-to-equity ratio of 7.79. Gogo has a 1-year low of $3.85 and a 1-year high of $16.82. The business’s 50 day moving average is $4.56 and its 200-day moving average is $7.25.

Insider Buying and Selling

In other news, insider Oakleigh Thorne bought 170,000 shares of Gogo stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $5.34 per share, with a total value of $907,800.00. Following the completion of the transaction, the insider directly owned 954,098 shares in the company, valued at $5,094,883.32. This trade represents a 21.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gogo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of Gogo by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,934 shares of the technology company’s stock valued at $381,000 after acquiring an additional 1,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Gogo by 6.4% during the first 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 boosted its holdings in Gogo by 86.1% during the third 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 boosted its holdings in Gogo by 2.8% during the fourth 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 grew its stake in shares of Gogo by 300.1% in the 2nd 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.

Wall Street Analysts Forecast Growth

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

About Gogo

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.