Gilat Satellite Networks (NASDAQ:GILT) Issues Earnings Results, Beats Estimates By $0.07 EPS

Gilat Satellite Networks (NASDAQ:GILT) posted its quarterly earnings results on Wednesday. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07, FiscalAI reports. The business had revenue of $122.66 million for the quarter, compared to the consensus estimate of $120.72 million. Gilat Satellite Networks had a return on equity of 11.65% and a net margin of 6.80%.

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

• Strong Q2 execution: Revenue increased 17% year over year to $122.7 million, while adjusted EBITDA rose 31% to $15.4 million, with growth across commercial, defense, and Peru.
• Gilat received substantial orders, including more than $20 million for SkyEdge platforms and $43 million for Sidewinder IFC terminals, while Boeing and Airbus line-fit certification programs continued to advance.
• The planned acquisition of most of Comtech’s Satellite & Space Communications segment is expected to more than double Gilat Defense revenue and expand its U.S. defense presence, although closing remains subject to regulatory approvals and other conditions.
• Management reiterated 2026 guidance of $500 million–$520 million in revenue and $61 million–$66 million in adjusted EBITDA, supported by backlog and pipeline visibility.
• Management expects an additional $3 million–$5 million of operating expenses in the second half from unfavorable Israeli shekel exchange-rate movements, while Q2 operating cash flow was negative $1.9 million due primarily to working-capital timing.

Gilat Satellite Networks Trading Down 2.8%

Shares of GILT traded down $0.33 during trading hours on Thursday, reaching $11.29. 1,176,638 shares of the stock traded hands, compared to its average volume of 866,207. The company has a market cap of $833.55 million, a price-to-earnings ratio of 22.14 and a beta of 1.06. The stock has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $15.63. Gilat Satellite Networks has a 52 week low of $8.52 and a 52 week high of $20.93.

Insider Activity

In other news, insider Arieh Rohrstock sold 17,568 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.23, for a total transaction of $267,560.64. Following the completion of the sale, the insider owned 7,531 shares in the company, valued at $114,697.13. This trade represents a 69.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GILT. Smartleaf Asset Management LLC bought a new stake in Gilat Satellite Networks in the 4th quarter valued at about $39,000. State of Wyoming bought a new stake in shares of Gilat Satellite Networks in the fourth quarter valued at approximately $106,000. Quantbot Technologies LP lifted its stake 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 purchased a new position in Gilat Satellite Networks in the 3rd quarter valued at approximately $166,000. Finally, Squarepoint Ops LLC bought a new stake in Gilat Satellite Networks during the 4th quarter valued at $189,000. Institutional investors own 35.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GILT. Zacks Research downgraded Gilat Satellite Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Gilat Satellite Networks in a research note on Tuesday, June 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gilat Satellite Networks in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.00.

Gilat Satellite Networks News Summary

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

• Positive Sentiment: Q2 earnings exceeded estimates. Gilat reported adjusted earnings of $0.20 per share, above consensus estimates of $0.13-$0.14, while revenue rose 17% year over year to $122.7 million, beating expectations of approximately $120.7 million. Adjusted EBITDA increased 31% to $15.4 million. Gilat Reports Second Quarter 2026 Results
• Positive Sentiment: Defense and inflight connectivity momentum supports the second half. Management highlighted an expected stronger second half for its defense business, record IFC terminal deliveries and potential scale benefits from the planned $157.5 million Comtech acquisition. Gilat Q2 Earnings Call Highlights Defense and IFC Momentum
• Positive Sentiment: New AI communications technology could strengthen Gilat’s competitive position. The company demonstrated patent-pending AI-based interference detection and cancellation technology that delivered up to a tenfold improvement over conventional methods. The technology is aimed at commercial, government and defense satellite links facing jamming and congested spectrum conditions. Gilat Demonstrates Breakthrough AI-Based Interference Detection and Cancellation Technology for Satellite Links
• Neutral Sentiment: 2026 revenue guidance of $500 million-$520 million brackets the roughly $509.4 million analyst consensus, suggesting expectations were largely met rather than materially raised. The AI system remains at the demonstration stage, with deployment on dedicated accelerator hardware still planned.
• Negative Sentiment: The favorable earnings report may have prompted a “sell-the-news” reaction. Although results beat estimates, the current outlook offers limited upside to consensus, while the Comtech transaction and new AI technology carry execution, integration and commercialization risks. Gilat Satellite Defense Business Boosts Q2 Earnings

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.