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KVH Industries — Third Quarter 2026 Earnings Summary

  • Total revenue surged 35% YoY to $38.4 million, driven by a 30% increase in service revenue to $33.0 million, while net loss narrowed significantly to $0.6 million compared to $6.9 million in the prior year period.
  • Full-year 2026 guidance was adjusted to reflect a narrowed revenue range of $137–143 million and a raised Non-GAAP adjusted EBITDA outlook of $13–15 million, supported by LEO migration and disciplined cost management.
  • The company completed a $15 million share repurchase program in the quarter and anticipates a service gross margin decrease in Q4 2026 following a December 1 price increase for Starlink plans.
  • Strategic focus remains on expanding recurring revenue through managed IT services and cybersecurity, with LEO representing 58% of service revenue as customers continue migrating from VSAT.
Company
KVH INDUSTRIES INC
Sector
Communication Services
Industry
Telecom Services