🔴 Gogo is trading 5.3% down today after missed second-quarter estimates and lowered 2026 outlook

Gogo is trading 5.3% down at $3.02 after its August 6 report and lowered 2026 outlook.

• Missed second-quarter revenue and earnings expectations; reduced revenue guidance to $870 million–$895 million and adjusted EBITDA guidance to $175 million–$185 million.
• Higher expected litigation costs, delayed Galileo and 5G shipments, and FAA certification backlogs remain key concerns.
• Broader market mixed; company-specific fundamentals appear to drive decline. Gogo closed at $3.19 on August 10, down 12.24%, following an already sharp multi-session selloff.