Gilat Satellite Networks (NASDAQ:GILT) Issues Earnings Results, Beats Estimates By $0.14 EPS

Gilat Satellite Networks (NASDAQ:GILT) announced its quarterly earnings data on Wednesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14, FiscalAI reports. Gilat Satellite Networks had a return on equity of 12.62% and a net margin of 6.80%.The business had revenue of $110.47 million during the quarter, compared to analysts’ expectations of $114.56 million.

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

• Gilat reported a strong first quarter, with revenue up 20% year over year to $110.5 million and adjusted EBITDA nearly doubling to $15.1 million, supported by growth across commercial, defense, and Peru.
• The defense business is seeing strong demand for mobile and transportable SATCOM solutions, highlighted by new orders from Europe, Israel, and the U.S. and management’s view that the pipeline remains robust.
• In commercial aviation, Sidewinder ESA momentum remains a key growth driver, with Boeing line-fit certification progressing, first deliveries expected in Q4 2026, and Airbus work beginning for a later launch.
• Management said the company is comfortable reiterating full-year 2026 guidance of $500 million-$520 million in revenue and $61 million-$66 million in adjusted EBITDA, citing strong backlog and visibility.
• Gilat continues investing in software-defined and 5G NTN capabilities, but management said the market is still early and meaningful full deployment may be several years away.

Gilat Satellite Networks Trading Down 6.2%

NASDAQ:GILT traded down $1.00 during mid-day trading on Friday, reaching $15.08. The company’s stock had a trading volume of 527,858 shares, compared to its average volume of 905,481. The stock has a market cap of $1.11 billion, a P/E ratio of 29.57 and a beta of 1.05. The firm’s fifty day moving average price is $17.45 and its two-hundred day moving average price is $15.46. Gilat Satellite Networks has a 12-month low of $5.43 and a 12-month high of $20.93.

Insider Activity at Gilat Satellite Networks

In other news, insider Doron Kerbel sold 7,500 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $18.03, for a total value of $135,225.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adi Sfadia sold 48,978 shares of Gilat Satellite Networks stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.85, for a total value of $825,279.30. The disclosure for this sale is available in the SEC filing. Company insiders own 1.13% of the company’s stock.

Institutional Trading of Gilat Satellite Networks

Several large investors have recently added to or reduced their stakes in GILT. Smartleaf Asset Management LLC bought a new stake in Gilat Satellite Networks during the fourth quarter valued at about $39,000. State of Wyoming bought a new position in shares of Gilat Satellite Networks in the fourth quarter worth about $106,000. Quantbot Technologies LP lifted its position in shares of Gilat Satellite Networks by 334.4% during the 3rd quarter. Quantbot Technologies LP now owns 12,067 shares of the communications equipment provider’s stock valued at $157,000 after buying an additional 9,289 shares in the last quarter. Worth Venture Partners LLC bought a new position in shares of Gilat Satellite Networks during the 3rd quarter valued at approximately $166,000. Finally, Squarepoint Ops LLC bought a new position in shares of Gilat Satellite Networks during the 4th quarter valued at approximately $189,000. 35.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Gilat Satellite Networks in a report on Tuesday, February 10th. Finally, Freedom Capital upgraded shares of Gilat Satellite Networks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gilat Satellite Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Gilat Satellite Networks Company Profile

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.