Earnings ·
Reports Q2 FY27 net loss of $129 million on $1.18 billion revenue
VSATViasat Inc
Viasat reported a net loss of $129 million for the second quarter of fiscal year 2027, widening from a $61 million loss in the prior-year period due to higher income taxes and expenses. Revenue increased 3% year-over-year to $1.18 billion, driven by a 20% surge in Defense and Advanced Technologies sales that offset a 3% decline in Communication Services. Adjusted EBITDA fell 4% to $370 million, while free cash flow rose 14% to $78 million. The company generated $285 million in operating cash flow and reduced its net leverage ratio by 0.3x to 3.2x. Viasat is a global leader in satellite communications technology providing connectivity solutions for consumers, businesses, governments, and militaries.