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Gogo Inc

Gogo Inc

GOGO
$3.58USD↑+0.85%+0.03 today

MARKET CAP

484.2M

P/E (TTM)

16.3x

FWD P/E

9.6x

DAY RANGE

$4 – $4

52W RANGE

$3
$17

AI Summary

Stalk
TrimMedium

GOGO remains in an early Stage 1 consolidation after a sustained downtrend. Medium-term bias is bearish given price below major moving averages and no active bullish patterns. Short-term timing is neutral as price tightly tracks flattened EMAs with no clear momentum edge. Execution is deferred, planning to trim into rallies toward the upper consolidation boundary near the mid-range resistance.

  • ↑Q1 revenue $226.3M, down 2% YoY; equipment sales +22%.
  • ↑2026 guidance: $905–945M revenue, $198–218M adjusted EBITDA.
  • ↓Service revenue $187.7M, down 5% YoY from ATG attrition.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Gogo Inc. (NASDAQ: GOGO) specializes in providing in-flight broadband connectivity services for business aviation and military markets. Positioned strategically within the expanding aviation connectivity sector, Gogo is transitioning from legacy air-to-ground (ATG) systems to its next-generation offerings, such as its Gogo Galileo platform and 5G technology. This pivot emphasizes a focus on technological advancement and diversification of revenue streams within a competitive landscape influenced by growing demand for connectivity solutions.

Bull says

  • ↑Q1 revenue $226.3M, down 2% YoY; equipment sales +22%.
  • ↑2026 guidance: $905–945M revenue, $198–218M adjusted EBITDA.
  • ↑500+ Galileo units in pipeline signal strong next-gen demand.
  • ↑Military services revenue +7% sequential amid geopolitical tailwinds.
  • ↑10x forward P/E and high earnings yield indicate value.
  • ↑Robust balance sheet and stable stock volatility mitigate risks.

Bear says

  • ↓Service revenue $187.7M, down 5% YoY from ATG attrition.
  • ↓Negative profitability and momentum factors highlight inefficiencies.
  • ↓High leverage limits flexibility amid rising interest rates.
  • ↓Free cash flow negative $19.2M after bonus payouts.
  • ↓Dependence on military contracts risks budget cuts.
  • ↓Limited analyst coverage may exacerbate volatility and uncertainty.

Investment themes with GOGO

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Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-08-2026neutral

Transcript signals

Bull points

  • We believe these next-generation products are not only enhancing the value we deliver to existing customers, but also expanding our addressable market and creating a reoccurring revenue stream that sets the stage for free cash flow growth and long-term strategic value in the future.
  • VistaJet is rolling out GOGO Galileo across its fleet with approximately 100 aircraft currently in scope as part of the broader plan to equip more than 270 aircraft globally.
  • We sold an all-time record of 511 air-to-ground units this quarter of which 52 were 5G, and we anticipate a very robust rollout throughout the rest of the year, with units online ramping in late Q3 and Q4.

Bear points

  • Geo units online declined by 15 in the quarter, a moderate reduction, from the net reduction of 22 we saw in Q4, reflecting continued resilience in our install base and demonstrating the strength of our OEM partnerships.
  • the expansion of our military and government business, which is based on longer contracts compared to shorter-term business aviation contracts, should add to this revenue as heightened military and government activity continues.
  • This performance held balance anticipated service revenue softness as we navigate ATG aircraft deactivations.
Read full transcript analysis ›