Gilat Satellite Networks (NASDAQ:GILT) Announces Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, FiscalAI reports. The company had revenue of $116.23 million for the quarter, compared to the consensus estimate of $126.54 million. Gilat Satellite Networks had a return on equity of 9.68% and a net margin of 6.34%.

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 GILT traded down $0.23 during mid-day trading on Thursday, hitting $5.79. 537,785 shares of the company were exchanged, compared to its average volume of 843,019. The stock has a market cap of $427.26 million, a price-to-earnings ratio of 14.11 and a beta of 1.15. Gilat Satellite Networks has a 1-year low of $5.63 and a 1-year high of $20.93. The company has a 50 day moving average of $8.77 and a 200-day moving average of $13.41.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GILT. William Blair downgraded Gilat Satellite Networks from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Gilat Satellite Networks in a research note on Monday, September 14th. Finally, Needham & Company LLC cut their price target on shares of Gilat Satellite Networks from $20.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gilat Satellite Networks presently has an average rating of “Moderate Buy” and an average target price of $11.00.

About Gilat Satellite Networks

Gilat Satellite Networks is an Israel-based provider of satellite communications technology and services. Founded in 1987, the company develops equipment and network solutions that enable broadband connectivity in areas where terrestrial networks are limited or unavailable. Its offerings include very small aperture terminal (VSAT) equipment, satellite modems, hubs, gateways and network management systems. Gilat also provides satellite communications solutions for cellular backhaul, enterprise and rural broadband, in-flight and maritime connectivity, and government and defense applications.