Gilat Satellite Networks (NASDAQ:GILT) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Gilat Satellite Networks (NASDAQ:GILT) announced its earnings results on Tuesday. The communications equipment provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04, FiscalAI reports. Gilat Satellite Networks had a net margin of 6.21% and a return on equity of 10.12%. The business had revenue of $116.23 million for the quarter, compared to the consensus estimate 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 Down 20.6%

Shares of Gilat Satellite Networks stock traded down $1.56 during trading on Tuesday, hitting $6.02. 2,168,647 shares of the stock traded hands, compared to its average volume of 829,912. The stock has a market cap of $444.53 million, a price-to-earnings ratio of 13.68 and a beta of 1.15. Gilat Satellite Networks has a 52 week low of $5.96 and a 52 week high of $20.93. The firm’s fifty day moving average is $8.93 and its 200-day moving average is $13.53.

Analyst Ratings Changes

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 given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Gilat Satellite Networks News Roundup

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

• Positive Sentiment: Q3 diluted non-GAAP EPS was $0.18, above estimates, while adjusted EBITDA rose 13% year over year to $17.6 million and non-GAAP net income increased 21% to $14.3 million. Gilat Satellite (GILT) Surpasses Q3 Earnings Estimates
• Positive Sentiment: Defense revenue grew 53% year over year. Gilat said its Comtech acquisition remains on track to close by year-end and is expected to more than double Defense revenue in 2027, though completion and benefits remain subject to conditions. Gilat Q3 results and Comtech acquisition update
• Negative Sentiment: Gilat forecast 2026 revenue of $455 million–$475 million, below the cited $507.5 million analyst consensus. Management pointed to rescheduled terminal deliveries, delays in satellite development and launches, and Peru agreements shifting revenue into 2027. The weaker outlook is the clearest near-term pressure on the shares. Gilat Reports Third Quarter 2026 Results
• Negative Sentiment: Revenue was $116.2 million, below the $126.5 million analyst estimate and slightly lower than a year earlier. Management also cited competitive pressure from vertically integrated LEO providers and bad-debt write-offs connected to Hughes Network Systems’ Chapter 11 filing. Gilat third-quarter earnings results

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.