Gilat Satellite Networks (NASDAQ:GILT) Issues Earnings Results

Gilat Satellite Networks (NASDAQ:GILT) released its earnings results on Wednesday. The communications equipment provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14, FiscalAI reports. The business had revenue of $110.47 million during the quarter, compared to the consensus estimate of $114.56 million. Gilat Satellite Networks had a net margin of 4.59% and a return on equity of 10.36%.

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

• Gilat reported a strong first quarter, with revenue up 20% year over year to $110.5 million and adjusted EBITDA nearly doubling to $15.1 million, supported by growth across commercial, defense, and Peru.
• The defense business is seeing strong demand for mobile and transportable SATCOM solutions, highlighted by new orders from Europe, Israel, and the U.S. and management’s view that the pipeline remains robust.
• In commercial aviation, Sidewinder ESA momentum remains a key growth driver, with Boeing line-fit certification progressing, first deliveries expected in Q4 2026, and Airbus work beginning for a later launch.
• Management said the company is comfortable reiterating full-year 2026 guidance of $500 million-$520 million in revenue and $61 million-$66 million in adjusted EBITDA, citing strong backlog and visibility.
• Gilat continues investing in software-defined and 5G NTN capabilities, but management said the market is still early and meaningful full deployment may be several years away.

Gilat Satellite Networks Trading Up 3.2%

NASDAQ GILT traded up $0.51 during mid-day trading on Thursday, hitting $16.16. The company’s stock had a trading volume of 777,396 shares, compared to its average volume of 904,677. The company’s 50 day simple moving average is $17.47 and its 200 day simple moving average is $15.45. Gilat Satellite Networks has a twelve month low of $5.43 and a twelve month high of $20.93. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 49.01 and a beta of 1.05.

Insider Buying and Selling at Gilat Satellite Networks

In related news, insider Doron Kerbel sold 7,500 shares of Gilat Satellite Networks stock in a transaction on Friday, March 20th. The shares were sold at an average price of $18.03, for a total value of $135,225.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adi Sfadia sold 48,978 shares of Gilat Satellite Networks stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $16.85, for a total transaction of $825,279.30. The disclosure for this sale is available in the SEC filing. Company insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Gilat Satellite Networks

Several large investors have recently bought and sold shares of GILT. Cetera Investment Advisers bought a new position in Gilat Satellite Networks during the 2nd quarter valued at $191,000. Russell Investments Group Ltd. lifted its stake in Gilat Satellite Networks by 39.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 122,685 shares of the communications equipment provider’s stock valued at $870,000 after acquiring an additional 34,810 shares in the last quarter. Marshall Wace LLP lifted its stake in Gilat Satellite Networks by 1.6% during the 2nd quarter. Marshall Wace LLP now owns 513,873 shares of the communications equipment provider’s stock valued at $3,643,000 after acquiring an additional 8,105 shares in the last quarter. Jane Street Group LLC lifted its stake in Gilat Satellite Networks by 298.7% during the 2nd quarter. Jane Street Group LLC now owns 68,222 shares of the communications equipment provider’s stock valued at $484,000 after acquiring an additional 51,109 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Gilat Satellite Networks by 23.2% during the 2nd quarter. Bank of America Corp DE now owns 121,258 shares of the communications equipment provider’s stock valued at $860,000 after acquiring an additional 22,817 shares in the last quarter. 35.72% of the stock is currently owned by institutional investors.

Key Gilat Satellite Networks News

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

• Positive Sentiment: Gilat beat profit expectations, posting $0.18 EPS versus the $0.04 consensus, while GAAP net income rose to $5.2 million from a loss a year ago. Article Title
• Positive Sentiment: Revenue grew 20% year over year to $110.5 million, GAAP operating income turned positive at $4.4 million, and adjusted EBITDA doubled to $15.1 million, showing better profitability and operating leverage. Article Title
• Positive Sentiment: Management reaffirmed full-year 2026 guidance for $500 million to $520 million in revenue and $61 million to $66 million in adjusted EBITDA, which signals confidence in continued demand. Article Title
• Neutral Sentiment: Fresh strategic wins in India, U.S. defense, aviation connectivity, and satellite networking highlight a healthy backlog and growth pipeline, but these items were not enough to offset investor concerns about the quarter’s revenue shortfall. Article Title
• Negative Sentiment: Quarterly revenue came in at $110.47 million, below the $114.56 million analyst estimate, which likely weighed on the stock despite the earnings beat. Article Title
• Negative Sentiment: Market reaction also suggests investors were expecting a stronger report after the stock’s big run over the past year, so “good” results were not enough to satisfy elevated expectations. Article Title

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Freedom Capital raised shares of Gilat Satellite Networks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Gilat Satellite Networks in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.