Viasat reported first quarter fiscal year 2027 results on August 4, 2026. Revenue declined 1% year-over-year to $1.15 billion, while net loss narrowed to $51.7 million from $56.4 million in the prior year period. Adjusted EBITDA decreased 7% to $381.1 million. New contract awards totaled $1.298 billion, a 10% increase, with Defense and Advanced Technologies awards rising 22% to $523.9 million. Backlog grew 19% to $4.22 billion. The company generated $72 million in free cash flow excluding non-recurring items and reduced its net leverage ratio by 0.4x to 3.2x. Viasat operates in the global satellite communications industry, providing broadband and narrowband connectivity solutions for government, commercial, aviation, maritime, and fixed broadband markets.