Gilat Satellite Networks (NASDAQ:GILT) Announces Earnings Results, Beats Expectations By $0.07 EPS

Gilat Satellite Networks (NASDAQ:GILT) released its quarterly earnings data on Wednesday. The communications equipment provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07, FiscalAI reports. Gilat Satellite Networks had a net margin of 6.80% and a return on equity of 11.65%. The business had revenue of $122.66 million during the quarter, compared to analyst estimates of $120.72 million.

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

• Strong Q2 execution: Revenue increased 17% year over year to $122.7 million, while adjusted EBITDA rose 31% to $15.4 million, with growth across commercial, defense, and Peru.
• Gilat received substantial orders, including more than $20 million for SkyEdge platforms and $43 million for Sidewinder IFC terminals, while Boeing and Airbus line-fit certification programs continued to advance.
• The planned acquisition of most of Comtech’s Satellite & Space Communications segment is expected to more than double Gilat Defense revenue and expand its U.S. defense presence, although closing remains subject to regulatory approvals and other conditions.
• Management reiterated 2026 guidance of $500 million–$520 million in revenue and $61 million–$66 million in adjusted EBITDA, supported by backlog and pipeline visibility.
• Management expects an additional $3 million–$5 million of operating expenses in the second half from unfavorable Israeli shekel exchange-rate movements, while Q2 operating cash flow was negative $1.9 million due primarily to working-capital timing.

Gilat Satellite Networks Stock Performance

GILT stock traded down $0.33 during mid-day trading on Thursday, reaching $11.29. 1,172,608 shares of the stock traded hands, compared to its average volume of 866,207. Gilat Satellite Networks has a one year low of $8.52 and a one year high of $20.93. The stock has a market capitalization of $833.54 million, a PE ratio of 22.14 and a beta of 1.06. The business has a 50-day moving average price of $12.88 and a two-hundred day moving average price of $15.63.

Key Gilat Satellite Networks News

Here are the key news stories impacting Gilat Satellite Networks this week:

• Positive Sentiment: Gilat reported second-quarter adjusted earnings of $0.20 per share, above the $0.13-$0.14 analyst consensus, while revenue increased 17% year over year to approximately $122.7 million, also exceeding expectations. Adjusted EBITDA rose 31% to $15.4 million. Gilat Reports Second Quarter 2026 Results
• Positive Sentiment: Management highlighted expected momentum in the Defense business during the second half of 2026, record deliveries of in-flight connectivity terminals, and the potential for greater scale from its planned $157.5 million Comtech acquisition. These trends could support longer-term revenue growth and diversification. Gilat Q2 Earnings Call Highlights Defense and IFC Momentum
• Positive Sentiment: Gilat demonstrated an AI-based interference detection and cancellation technology that showed up to a tenfold improvement over conventional techniques. The technology is aimed at commercial, government, and defense customers operating in congested or contested spectrum environments, potentially strengthening Gilat’s competitive position. Gilat Demonstrates Breakthrough AI-Based Interference Detection and Cancellation Technology
• Neutral Sentiment: Fiscal 2026 revenue guidance of $500 million to $520 million brackets the roughly $509 million consensus estimate, indicating an outlook broadly in line with expectations rather than a clear upside surprise. Gilat Satellite Tops Q2 Earnings Estimates
• Negative Sentiment: The AI announcement remains a technology demonstration, with further development planned for dedicated accelerator hardware and no disclosed commercial contracts or revenue contribution. Investors may therefore be focusing more on near-term guidance and acquisition execution, helping explain why the stock has decreased.

Insider Activity

In other news, insider Arieh Rohrstock sold 17,568 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.23, for a total value of $267,560.64. Following the completion of the sale, the insider owned 7,531 shares in the company, valued at approximately $114,697.13. This trade represents a 69.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.13% of the company’s stock.

Institutional Trading of Gilat Satellite Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GILT. Defiance ETFs LLC purchased a new position in Gilat Satellite Networks during the 4th quarter valued at $13,555,000. UBS Group AG increased its stake in Gilat Satellite Networks by 613.4% in the third quarter. UBS Group AG now owns 963,547 shares of the communications equipment provider’s stock worth $12,545,000 after purchasing an additional 828,489 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Gilat Satellite Networks by 995.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 907,794 shares of the communications equipment provider’s stock worth $11,755,000 after purchasing an additional 824,949 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Gilat Satellite Networks by 1,205.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 882,983 shares of the communications equipment provider’s stock worth $11,426,000 after purchasing an additional 815,360 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of Gilat Satellite Networks during the third quarter worth $7,843,000. 35.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GILT has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Gilat Satellite Networks in a research report on Thursday, June 18th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Gilat Satellite Networks in a research report on Tuesday, June 16th. Finally, Zacks Research downgraded Gilat Satellite Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Gilat Satellite Networks has an average rating of “Moderate Buy” and a consensus price target of $20.00.

About Gilat Satellite Networks

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company’s core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.