Gilat Satellite Networks (NASDAQ:GILT) Issues Earnings Results

Key Points

• Gilat reported quarterly EPS of $0.18, beating the $0.14 consensus estimate, while revenue of $116.23 million fell short of analysts’ $126.54 million forecast.
• Adjusted EBITDA increased 13% to $17.6 million and gross margin improved to 35%, despite a 1% revenue decline.
• Gilat cut its 2026 revenue outlook to $455 million–$475 million, citing delayed launches and customer deliveries. Defense revenue rose 53% to $36.9 million, and the pending Comtech acquisition remains on track to close after regulatory approvals.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) announced its earnings results on Tuesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04, FiscalAI reports. The firm had revenue of $116.23 million for the quarter, compared to analysts' expectations of $126.54 million. Gilat Satellite Networks had a net margin of 6.21% and a return on equity of 10.12%.

Here are the key takeaways from Gilat Satellite Networks' conference call:

• Third-quarter adjusted EBITDA rose 13% to $17.6 million despite a 1% revenue decline, with adjusted EBITDA margin expanding to approximately 15%. Gross margin also improved to 35% from 30% a year earlier.
• Gilat cut its 2026 revenue outlook to $455 million–$475 million from $500 million–$520 million, citing delayed GEO/LEO launches, rescheduled customer deliveries, and commercial order timing that shifts revenue into 2027 and beyond. It narrowed adjusted EBITDA guidance to $61 million–$63 million, supported by favorable mix and cost savings.
• Defense revenue grew 53% year over year to $36.9 million, driven by transportable product deliveries. Gilat also cited a defense award exceeding $32 million and additional U.S. Department of War orders exceeding $8 million.
• Management said the pending Comtech Satellite and Space acquisition remains on track to close after remaining U.S. regulatory approvals, which it expects before year-end. Gilat expects the business to add more than $180 million in revenue and more than $18 million in adjusted EBITDA, with most of its business defense-oriented.

Gilat Satellite Networks Stock Performance

GILT traded down $1.49 during trading on Tuesday, reaching $6.09. The company had a trading volume of 1,907,068 shares, compared to its average volume of 829,341. The company has a market cap of $449.99 million, a price-to-earnings ratio of 13.82 and a beta of 1.15. Gilat Satellite Networks has a 12-month low of $5.96 and a 12-month high of $20.93. The firm's 50-day simple moving average is $8.93 and its 200 day simple moving average is $13.53.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Gilat Satellite Networks in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Gilat Satellite Networks presently has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Trending Headlines about Gilat Satellite Networks

Here are the key news stories impacting Gilat Satellite Networks this week:

• Positive Sentiment: Adjusted EBITDA rose 13% year over year to $17.6 million, with its margin expanding to 15%; non-GAAP net income increased 21% to $14.3 million. Adjusted EPS of $0.18 also topped the $0.17 estimate cited by Zacks. Gilat Reports Third Quarter 2026 Results
• Positive Sentiment: Defense revenue grew 53% year over year. The Comtech acquisition remains on track to close by year-end and is expected to more than double Gilat’s defense revenue in 2027, though that benefit depends on closing and execution. Gilat Q3 Results and Comtech Acquisition Update
• Negative Sentiment: Q3 revenue was $116.2 million, slightly below last year’s $117.7 million and below the $126.5 million analyst estimate reported by MarketBeat. Gilat Q3 Earnings Results
• Negative Sentiment: Gilat’s 2026 revenue guidance is $455 million–$475 million, below the cited $507.5 million consensus. Management pointed to delayed terminal deliveries, satellite development and launch delays, and Peru revenue shifting into 2027. Gilat Reports Third Quarter 2026 Results

About Gilat Satellite Networks

Gilat Satellite Networks Ltd. is an Israel-based provider of satellite networking technology and services. The company develops and supplies very small aperture terminal (VSAT) systems, satellite hubs, antennas, modems and related ground infrastructure used to deliver broadband connectivity and other communications services.

Gilat's solutions support telecommunications operators, internet service providers, enterprises, governments and defense organizations. Its offerings are used for cellular backhaul and access, enterprise networking, community broadband, in-flight connectivity, maritime communications, mobility applications and other situations where terrestrial networks may be unavailable or insufficient.

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