Gilat Satellite Networks (NASDAQ:GILT) Issues Quarterly Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) issued its earnings results on Wednesday. The communications equipment provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07, FiscalAI reports. The business had revenue of $122.66 million for the quarter, compared to the consensus estimate of $120.72 million. Gilat Satellite Networks had a net margin of 6.80% and a return on equity of 11.65%.

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

• Strong Q2 execution: Revenue increased 17% year over year to $122.7 million, while adjusted EBITDA rose 31% to $15.4 million, with growth across commercial, defense, and Peru.
• Gilat received substantial orders, including more than $20 million for SkyEdge platforms and $43 million for Sidewinder IFC terminals, while Boeing and Airbus line-fit certification programs continued to advance.
• The planned acquisition of most of Comtech’s Satellite & Space Communications segment is expected to more than double Gilat Defense revenue and expand its U.S. defense presence, although closing remains subject to regulatory approvals and other conditions.
• Management reiterated 2026 guidance of $500 million–$520 million in revenue and $61 million–$66 million in adjusted EBITDA, supported by backlog and pipeline visibility.
• Management expects an additional $3 million–$5 million of operating expenses in the second half from unfavorable Israeli shekel exchange-rate movements, while Q2 operating cash flow was negative $1.9 million due primarily to working-capital timing.

Gilat Satellite Networks Price Performance

NASDAQ GILT traded down $0.33 during trading on Thursday, reaching $11.29. 1,172,608 shares of the company’s stock traded hands, compared to its average volume of 866,207. The firm has a market cap of $833.54 million, a price-to-earnings ratio of 22.14 and a beta of 1.06. The company’s 50 day simple moving average is $12.88 and its two-hundred day simple moving average is $15.63. Gilat Satellite Networks has a 12-month low of $8.52 and a 12-month high of $20.93.

Key Headlines Impacting Gilat Satellite Networks

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

• Positive Sentiment: Gilat reported second-quarter adjusted earnings of $0.20 per share, above the $0.13-$0.14 analyst consensus, while revenue increased 17% year over year to approximately $122.7 million, also exceeding expectations. Adjusted EBITDA rose 31% to $15.4 million. Gilat Reports Second Quarter 2026 Results
• Positive Sentiment: Management highlighted expected momentum in the Defense business during the second half of 2026, record deliveries of in-flight connectivity terminals, and the potential for greater scale from its planned $157.5 million Comtech acquisition. These trends could support longer-term revenue growth and diversification. Gilat Q2 Earnings Call Highlights Defense and IFC Momentum
• Positive Sentiment: Gilat demonstrated an AI-based interference detection and cancellation technology that showed up to a tenfold improvement over conventional techniques. The technology is aimed at commercial, government, and defense customers operating in congested or contested spectrum environments, potentially strengthening Gilat’s competitive position. Gilat Demonstrates Breakthrough AI-Based Interference Detection and Cancellation Technology
• Neutral Sentiment: Fiscal 2026 revenue guidance of $500 million to $520 million brackets the roughly $509 million consensus estimate, indicating an outlook broadly in line with expectations rather than a clear upside surprise. Gilat Satellite Tops Q2 Earnings Estimates
• Negative Sentiment: The AI announcement remains a technology demonstration, with further development planned for dedicated accelerator hardware and no disclosed commercial contracts or revenue contribution. Investors may therefore be focusing more on near-term guidance and acquisition execution, helping explain why the stock has decreased.

Wall Street Analysts Forecast Growth

GILT has been the subject of a number of research reports. Zacks Research lowered Gilat Satellite Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Gilat Satellite Networks in a report on Tuesday, June 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gilat Satellite Networks in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Insider Buying and Selling at Gilat Satellite Networks

In other news, insider Arieh Rohrstock sold 17,568 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.23, for a total value of $267,560.64. Following the completion of the sale, the insider owned 7,531 shares of the company’s stock, valued at approximately $114,697.13. This represents a 69.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Gilat Satellite Networks

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in Gilat Satellite Networks by 77.3% during the fourth quarter. Van ECK Associates Corp now owns 1,068,141 shares of the communications equipment provider’s stock worth $13,822,000 after buying an additional 465,775 shares during the period. Defiance ETFs LLC purchased a new position in shares of Gilat Satellite Networks in the 4th quarter valued at $13,555,000. UBS Group AG raised its position in shares of Gilat Satellite Networks by 613.4% in the 3rd quarter. UBS Group AG now owns 963,547 shares of the communications equipment provider’s stock worth $12,545,000 after acquiring an additional 828,489 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Gilat Satellite Networks by 995.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 907,794 shares of the communications equipment provider’s stock worth $11,755,000 after purchasing an additional 824,949 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Gilat Satellite Networks by 1,205.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 882,983 shares of the communications equipment provider’s stock worth $11,426,000 after purchasing an additional 815,360 shares during the last quarter. Institutional investors own 35.72% of the company’s stock.

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.