Gilat Satellite Networks (NASDAQ:GILT) Issues Earnings Results, Beats Estimates By $0.04 EPS

Gilat Satellite Networks (NASDAQ:GILT) posted its quarterly earnings results on Tuesday. The communications equipment provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, FiscalAI reports. The business had revenue of $116.23 million for the quarter, compared to the consensus estimate of $126.54 million. Gilat Satellite Networks had a return on equity of 10.12% and a net margin of 6.21%.

Here are the key takeaways from Gilat Satellite Networks’ conference call:

• Third-quarter adjusted EBITDA rose 13% to $17.6 million despite a 1% revenue decline, with adjusted EBITDA margin expanding to approximately 15%. Gross margin also improved to 35% from 30% a year earlier.
• Gilat cut its 2026 revenue outlook to $455 million–$475 million from $500 million–$520 million, citing delayed GEO/LEO launches, rescheduled customer deliveries, and commercial order timing that shifts revenue into 2027 and beyond. It narrowed adjusted EBITDA guidance to $61 million–$63 million, supported by favorable mix and cost savings.
• Defense revenue grew 53% year over year to $36.9 million, driven by transportable product deliveries. Gilat also cited a defense award exceeding $32 million and additional U.S. Department of War orders exceeding $8 million.
• Management said the pending Comtech Satellite and Space acquisition remains on track to close after remaining U.S. regulatory approvals, which it expects before year-end. Gilat expects the business to add more than $180 million in revenue and more than $18 million in adjusted EBITDA, with most of its business defense-oriented.

Gilat Satellite Networks Price Performance

Shares of NASDAQ GILT traded up $0.10 during mid-day trading on Wednesday, reaching $6.12. 1,028,474 shares of the company’s stock traded hands, compared to its average volume of 840,944. The stock has a market cap of $452.21 million, a P/E ratio of 13.92 and a beta of 1.15. The business has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $13.47. Gilat Satellite Networks has a 1-year low of $5.63 and a 1-year high of $20.93.

Analyst Upgrades and Downgrades

GILT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Gilat Satellite Networks in a research note on Monday, September 14th. Needham & Company LLC lowered their target price on Gilat Satellite Networks from $20.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, William Blair lowered Gilat Satellite Networks from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Gilat Satellite Networks currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Gilat Satellite Networks News Summary

Investors following GILT have been watching these news items:

• Positive Sentiment: Gilat reported Q3 adjusted EPS of $0.18, ahead of analyst estimates. Adjusted EBITDA rose 13% year over year to $17.6 million, adjusted net income increased 21% to $14.3 million, and Defense revenue grew 53%. Gilat Reports Third Quarter 2026 Results
• Positive Sentiment: The Comtech acquisition remains on track to close by year-end; Gilat expects it to more than double Defense revenue in 2027, although this depends on completion and integration. Gilat Reports Q3 Results; Comtech Acquisition On Track
• Negative Sentiment: Q3 revenue of $116.2 million missed estimates of about $126.5 million and slipped from $117.7 million a year earlier. William Blair also downgraded GILT from Outperform to Market Perform. Shares Fall as Q3 Revenue Misses

About Gilat Satellite Networks

Gilat Satellite Networks is an Israel-based provider of satellite communications technology and services. Founded in 1987, the company develops equipment and network solutions that enable broadband connectivity in areas where terrestrial networks are limited or unavailable. Its offerings include very small aperture terminal (VSAT) equipment, satellite modems, hubs, gateways and network management systems. Gilat also provides satellite communications solutions for cellular backhaul, enterprise and rural broadband, in-flight and maritime connectivity, and government and defense applications.