Viasat (NASDAQ:VSAT) Posts Quarterly Earnings Results, Misses Estimates By $0.34 EPS

Viasat (NASDAQ:VSAT) announced its quarterly earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34), FiscalAI reports. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. Viasat had a positive return on equity of 1.58% and a negative net margin of 0.73%.Viasat’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS.

Here are the key takeaways from Viasat’s conference call:

• Viasat said fiscal 2026 results were broadly in line with expectations, with record contract awards and backlog, modest revenue and adjusted EBITDA growth, and a standout nearly $600 million in free cash flow for the year.
• The company highlighted major progress on its balance sheet, including paying down debt and bringing net leverage to 3.1x, with management reiterating confidence in reaching its target of below 3.0x.
• ViaSat-3 Flight 2 completed deployments and is awaiting FCC authorization for service entry, while Flight 3 launched successfully and is expected to enter service in the Asia-Pacific region in August or September.
• For fiscal 2027, Viasat guided to mid-single-digit revenue growth and adjusted EBITDA that is flat to slightly up, with strength expected in DAT but lower growth in aviation due to competition and continued weakness in fixed broadband until ViaSat-3 ramps.
• Management emphasized several growth drivers, including the Equitas shared infrastructure initiative, a new follow-on award for the PTSG government tactical satellite program, and continued demand in defense and advanced technologies. The company also said its fleet expansion and multi-orbit capabilities should roughly triple bandwidth inventory.

Viasat Stock Performance

NASDAQ:VSAT traded up $9.20 during trading hours on Thursday, hitting $70.70. 1,851,697 shares of the company were exchanged, compared to its average volume of 1,902,599. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.41 and a quick ratio of 2.19. Viasat has a 52-week low of $10.82 and a 52-week high of $89.79. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of -244.46 and a beta of 1.71. The company’s 50 day moving average price is $65.43 and its 200-day moving average price is $50.03.

Analyst Ratings Changes

VSAT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $97.00 price target on shares of Viasat in a research note on Monday, June 1st. B. Riley Financial raised their price objective on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Barclays set a $49.00 target price on shares of Viasat in a research report on Friday, May 29th. New Street Research started coverage on shares of Viasat in a research report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Viasat presently has a consensus rating of “Moderate Buy” and an average price target of $77.13.

Insider Buying and Selling at Viasat

In related news, Director Richard A. Baldridge sold 27,122 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $71.74, for a total value of $1,945,732.28. Following the completion of the transaction, the director directly owned 213,355 shares in the company, valued at $15,306,087.70. The trade was a 11.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark D. Dankberg sold 400,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $64.76, for a total value of $25,904,000.00. Following the sale, the chief executive officer owned 1,082,196 shares in the company, valued at $70,083,012.96. This trade represents a 26.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 469,946 shares of company stock valued at $30,052,612. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Viasat

Hedge funds have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN increased its holdings in shares of Viasat by 15.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock valued at $85,338,000 after acquiring an additional 796,349 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Viasat by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,050,883 shares of the communications equipment provider’s stock worth $139,601,000 after purchasing an additional 743,696 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Viasat by 2,821.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock worth $111,065,000 after buying an additional 3,112,670 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Viasat by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after buying an additional 1,128,338 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Viasat by 9.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,726,200 shares of the communications equipment provider’s stock valued at $93,945,000 after buying an additional 233,574 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.