Earnings ·
Gilat Reports Q3 Revenues of $116.2 Million and Raises Full-Year Outlook
GILTGilat Satellite Networks Ltd
Gilat Satellite Networks reported third-quarter revenues of $116.2 million, a slight decline from $117.7 million in the prior-year period, while GAAP operating income rose to $7.9 million. Adjusted EBITDA increased 13% year-over-year to $17.6 million with margin expansion to 15%, and non-GAAP net income grew 21% to $14.3 million. The company raised its full-year 2026 revenue guidance to a range of $455 million to $475 million, up from previous estimates, citing strong defense segment momentum despite delays in commercial satellite launches and Peru project timing shifts. Gilat also announced the issuance of $100 million in convertible notes during the quarter, boosting cash reserves to $260 million. The firm is a global provider of satellite-based broadband communications solutions for commercial and defense markets.