Gilat Satellite Networks quarterly revenue tops $116M
By Jon CuthbertKey points
- Gilat Satellite Networks reported third-quarter 2026 revenue of $116.2 million, while net income increased to $8.7 million from $8.1 million.
- Adjusted EBITDA rose 13% to $17.6 million, although diluted earnings per share declined to $0.11 from $0.14.
- Gilat expects 2026 revenue of $455 million–$475 million and adjusted EBITDA of $61 million–$63 million, citing programme delays and shifted customer deliveries.
Gilat Satellite Networks (NASDAQ:GILT) reported third-quarter 2026 revenue of $116.2 million, alongside higher net income and adjusted EBITDA.
GAAP operating income increased to $7.9 million from $7.5 million a year earlier, while net income rose to $8.7 million from $8.1 million.
Adjusted EBITDA, a non-GAAP earnings measure, increased 13% to $17.6 million, although diluted earnings per share declined to $0.11 from $0.14.
Gilat expects full-year 2026 revenue of $455 million–$475 million and adjusted EBITDA of $61 million–$63 million, reflecting delivery delays, satellite programme setbacks and revenue from Peru shifting into 2027.
Following the announcement, the Gilat Satellite Networks share-price direction and trading price were not provided in the available results.
Defense revenue increased 53% year-over-year, while management expects the planned Comtech acquisition to close by year-end and more than double defense revenue in 2027 after completion.
Gilat ended the quarter with $260 million in cash, cash equivalents and short-term deposits, including approximately $99 million in net proceeds from convertible notes.
