Gilat Satellite Networks (NASDAQ:GILT) Posts Earnings Results, Beats Expectations By $0.04 EPS

Gilat Satellite Networks (NASDAQ:GILT) released its quarterly earnings data on Tuesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04, FiscalAI reports. Gilat Satellite Networks had a return on equity of 10.12% and a net margin of 6.21%. The company had revenue of $116.23 million during the quarter, compared to analysts’ expectations of $126.54 million.

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

Shares of Gilat Satellite Networks stock traded down $1.49 during midday trading on Tuesday, reaching $6.09. 1,907,068 shares of the company’s stock traded hands, compared to its average volume of 829,341. Gilat Satellite Networks has a 12 month low of $5.96 and a 12 month high of $20.93. The stock has a 50 day moving average of $8.93 and a 200-day moving average of $13.53. The company has a market cap of $449.99 million, a PE ratio of 13.82 and a beta of 1.15.

Key Headlines Impacting 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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Gilat Satellite Networks in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Gilat Satellite Networks Company Profile

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.