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GlobeNewswire·

Gilat Reports Third Quarter 2026 Results

GILT
  • Gilat Satellite Networks reported Q3 2026 revenues of $116.2 million, a decrease from $117.7 million in Q3 2025.
  • GAAP operating income increased to $7.9 million from $7.5 million in the prior year quarter.
  • Adjusted EBITDA rose 13% to $17.6 million with an adjusted EBITDA margin of 15%.
  • Non-GAAP net income increased 21% to $14.3 million, or $0.18 per diluted share.
  • The company revised its full-year 2026 revenue guidance to a range of $455 million to $475 million.
  • Revised full-year 2026 Adjusted EBITDA guidance is set between $61 million and $63 million.
  • Cash, cash equivalents, and short-term deposits reached $260 million as of September 30, 2026.
  • The company issued $100 million in convertible notes, generating approximately $99 million in net proceeds during the quarter.
  • Defense segment revenues grew 53% year-over-year, with the Comtech acquisition expected to close by year-end.
  • The Comtech acquisition is projected to more than double defense revenues in 2027.
  • Revenue delays were attributed to rescheduled terminal deliveries, LEO/GEO satellite launch scarcities, and shifted Peru agreements.
  • Gilat secured over $8 million in new orders from the U.S. Department of War.
  • New SkyEdge IV orders totaling over $10 million were secured from a leading satellite operator.
  • A $28 million contract was awarded to expand connectivity in Peru.
  • Over $32 million was secured for multi-band DKET systems supporting U.S. defense network resilience.
  • The company demonstrated breakthrough AI-based interference detection and cancellation technology for satellite links.
Company
Gilat Satellite Networks Ltd.
Keywords
Nasdaq:GILT, Gilat Satellite Networks Ltd.