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

Gilat Satellite Networks (NASDAQ:GILT) announced its quarterly earnings results on Wednesday. The communications equipment provider reported $0.20 earnings per share 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 for the quarter, compared to analysts’ expectations 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 Price Performance

Shares of Gilat Satellite Networks stock traded down $0.33 on Thursday, reaching $11.29. 1,176,638 shares of the company traded hands, compared to its average volume of 866,207. Gilat Satellite Networks has a 52 week low of $8.52 and a 52 week high of $20.93. The company has a 50 day moving average of $12.88 and a 200 day moving average of $15.63. The firm has a market capitalization of $833.55 million, a PE ratio of 22.14 and a beta of 1.06.

Key Gilat Satellite Networks News

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

• Positive Sentiment: Q2 earnings exceeded estimates. Gilat reported adjusted earnings of $0.20 per share, above consensus estimates of $0.13-$0.14, while revenue rose 17% year over year to $122.7 million, beating expectations of approximately $120.7 million. Adjusted EBITDA increased 31% to $15.4 million. Gilat Reports Second Quarter 2026 Results
• Positive Sentiment: Defense and inflight connectivity momentum supports the second half. Management highlighted an expected stronger second half for its defense business, record IFC terminal deliveries and potential scale benefits from the planned $157.5 million Comtech acquisition. Gilat Q2 Earnings Call Highlights Defense and IFC Momentum
• Positive Sentiment: New AI communications technology could strengthen Gilat’s competitive position. The company demonstrated patent-pending AI-based interference detection and cancellation technology that delivered up to a tenfold improvement over conventional methods. The technology is aimed at commercial, government and defense satellite links facing jamming and congested spectrum conditions. Gilat Demonstrates Breakthrough AI-Based Interference Detection and Cancellation Technology for Satellite Links
• Neutral Sentiment: 2026 revenue guidance of $500 million-$520 million brackets the roughly $509.4 million analyst consensus, suggesting expectations were largely met rather than materially raised. The AI system remains at the demonstration stage, with deployment on dedicated accelerator hardware still planned.
• Negative Sentiment: The favorable earnings report may have prompted a “sell-the-news” reaction. Although results beat estimates, the current outlook offers limited upside to consensus, while the Comtech transaction and new AI technology carry execution, integration and commercialization risks. Gilat Satellite Defense Business Boosts Q2 Earnings

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Gilat Satellite Networks in a research report on Tuesday, June 16th. Zacks Research lowered shares of Gilat Satellite Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gilat Satellite Networks in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gilat Satellite Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Insider Activity at Gilat Satellite Networks

In related news, insider Arieh Rohrstock sold 17,568 shares of Gilat Satellite Networks stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.23, for a total value of $267,560.64. Following the sale, the insider owned 7,531 shares of the company’s stock, valued at approximately $114,697.13. The trade was a 69.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 large investors have recently bought and sold shares of GILT. XTX Topco Ltd lifted its position in shares of Gilat Satellite Networks by 31.3% during the 4th quarter. XTX Topco Ltd now owns 32,176 shares of the communications equipment provider’s stock valued at $416,000 after buying an additional 7,666 shares during the last quarter. Quadrature Capital Ltd bought a new position in Gilat Satellite Networks during the fourth quarter worth about $444,000. Numerai GP LLC grew its holdings in Gilat Satellite Networks by 224.0% during the 4th quarter. Numerai GP LLC now owns 58,049 shares of the communications equipment provider’s stock valued at $751,000 after buying an additional 40,133 shares in the last quarter. Millennium Management LLC increased its position in shares of Gilat Satellite Networks by 1,809.5% during the fourth quarter. Millennium Management LLC now owns 386,014 shares of the communications equipment provider’s stock valued at $4,995,000 after buying an additional 365,799 shares during the period. Finally, Defiance ETFs LLC purchased a new stake in shares of Gilat Satellite Networks in the fourth quarter worth about $13,555,000. 35.72% of the stock is owned by hedge funds and other institutional investors.

Gilat Satellite Networks Company Profile

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.