Quarterly ResultMay 13, 2026, 07:02 AM
Gilat Q1 Revenue +20% to $110.5M; GAAP Operating Income $4.4M
AI Summary
Gilat Satellite Networks reported strong first quarter 2026 results, with revenues growing 20% to $110.5 million and GAAP operating income significantly improving to $4.4 million from a loss in the prior year. Adjusted EBITDA more than doubled to $15.1 million. The company reaffirmed its full-year 2026 guidance for revenue between $500-$520 million and Adjusted EBITDA between $61-$66 million, driven by strong execution across defense and commercial markets and strategic partnerships.
Key Highlights
- Revenues increased 20% to $110.5 million in Q1 2026, up from $92 million in Q1 2025.
- GAAP operating income was $4.4 million in Q1 2026, compared to a $2.7 million loss in Q1 2025.
- Adjusted EBITDA doubled to $15.1 million in Q1 2026, from $7.6 million in Q1 2025.
- GAAP net income was $5.2 million ($0.07 per diluted share), reversing a $6 million loss in Q1 2025.
- Reaffirmed 2026 revenue guidance of $500-$520 million and Adjusted EBITDA of $61-$66 million.
- Commercial segment revenue was $72.785 million, Defense $25.427 million, and Peru $12.262 million.
- Signed strategic multimillion partnership with Nelco in India for SkyEdge IV deployment.
- Awarded over $7 million for EnduroStream solution to the U.S. Department of War.