Gilat Satellite Networks (NASDAQ:GILT) Announces Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) released its earnings results on Wednesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14, FiscalAI reports. Gilat Satellite Networks had a return on equity of 10.36% and a net margin of 4.59%.The firm had revenue of $110.47 million for the quarter, compared to analysts’ expectations of $114.56 million.

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

• Gilat reported a strong first quarter, with revenue up 20% year over year to $110.5 million and adjusted EBITDA nearly doubling to $15.1 million, supported by growth across commercial, defense, and Peru.
• The defense business is seeing strong demand for mobile and transportable SATCOM solutions, highlighted by new orders from Europe, Israel, and the U.S. and management’s view that the pipeline remains robust.
• In commercial aviation, Sidewinder ESA momentum remains a key growth driver, with Boeing line-fit certification progressing, first deliveries expected in Q4 2026, and Airbus work beginning for a later launch.
• Management said the company is comfortable reiterating full-year 2026 guidance of $500 million-$520 million in revenue and $61 million-$66 million in adjusted EBITDA, citing strong backlog and visibility.
• Gilat continues investing in software-defined and 5G NTN capabilities, but management said the market is still early and meaningful full deployment may be several years away.

Gilat Satellite Networks Trading Down 21.4%

GILT stock traded down $4.26 during trading on Wednesday, hitting $15.65. The company had a trading volume of 3,326,826 shares, compared to its average volume of 709,572. The business has a 50-day moving average of $17.47 and a 200-day moving average of $15.45. Gilat Satellite Networks has a one year low of $5.43 and a one year high of $20.93. The stock has a market cap of $1.16 billion, a PE ratio of 31.60 and a beta of 1.05.

Key Gilat Satellite Networks News

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

• Positive Sentiment: Gilat reported Q1 EPS of $0.18, well ahead of consensus estimates, and net income turned positive, signaling improved profitability. Gilat Reports First Quarter 2026 Results
• Positive Sentiment: Revenue still grew 20% year over year to $110.5 million, adjusted EBITDA doubled to $15.1 million, and management reaffirmed full-year 2026 revenue guidance of $500 million to $520 million. Quiver AI Summary
• Neutral Sentiment: Analysts and news coverage highlighted the mixed quarter: strong earnings and profitability, but revenue of $110.47 million missed expectations of about $114.56 million, which likely tempered the market’s reaction. Gilat Satellite Networks shares slide after revenue misses expectations despite earnings beat
• Negative Sentiment: The stock may also be facing valuation pressure after a strong run-up over the past year, making investors less forgiving of any miss on revenue or guidance. Why Gilat Satellite Networks Stock Crashed Today

Wall Street Analysts Forecast Growth

GILT has been the topic of several research reports. Wall Street Zen cut Gilat Satellite Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Gilat Satellite Networks in a report on Tuesday, February 10th. Finally, Freedom Capital upgraded Gilat Satellite Networks from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Insider Activity at Gilat Satellite Networks

In other Gilat Satellite Networks news, CEO Adi Sfadia sold 48,978 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $16.85, for a total value of $825,279.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Doron Kerbel sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $18.03, for a total value of $135,225.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Gilat Satellite Networks

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its position in Gilat Satellite Networks by 9.8% in the 3rd quarter. Raymond James Financial Inc. now owns 24,412 shares of the communications equipment provider’s stock worth $318,000 after purchasing an additional 2,173 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Gilat Satellite Networks by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 33,650 shares of the communications equipment provider’s stock worth $435,000 after buying an additional 2,460 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Gilat Satellite Networks in the 4th quarter worth approximately $39,000. Public Employees Retirement System of Ohio grew its holdings in shares of Gilat Satellite Networks by 18.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 26,769 shares of the communications equipment provider’s stock valued at $346,000 after acquiring an additional 4,104 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Gilat Satellite Networks by 18.5% in the fourth quarter. Osaic Holdings Inc. now owns 27,124 shares of the communications equipment provider’s stock valued at $351,000 after acquiring an additional 4,227 shares in the last quarter. 35.72% of the stock is owned by institutional investors and hedge funds.

About Gilat Satellite Networks

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company’s core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.