Quarterly ResultAug 6, 2026, 09:08 AM
KVH Industries Q2 Revenue +27% to $33.7M; EPS $0.01
AI Summary
KVH Industries reported a 27% increase in total revenues to $33.7 million for the second quarter of 2026, primarily driven by a 29% rise in service revenue. Airtime revenue saw a significant 31% increase, largely due to growth in Starlink and OneWeb subscribers, with LEO service sales now comprising over 55% of total airtime sales. Despite strong revenue growth and an increase in Non-GAAP adjusted EBITDA to $3.0 million, net income decreased to $0.2 million, or $0.01 per share, compared to $0.9 million, or $0.05 per share, in the prior year quarter. The company noted a substantial decrease in VSAT service sales and TracVision product sales due to competition.
Key Highlights
- Total revenues increased 27% to $33.7 million in Q2 2026 from $26.6 million in Q2 2025.
- Service revenue grew 29% to $29.7 million in Q2 2026 compared to Q2 2025.
- Airtime revenue increased 31% to $27.8 million in Q2 2026, driven by Starlink and OneWeb subscribers.
- Net income was $0.2 million, or $0.01 per share, in Q2 2026, down from $0.9 million, or $0.05 per share, in Q2 2025.
- Non-GAAP adjusted EBITDA rose to $3.0 million in Q2 2026 from $2.7 million in Q2 2025.
- LEO service sales represented over 55% of airtime service sales in Q2 2026, up from less than 32% in Q2 2025.
- Product revenues increased 12% to $4.0 million in Q2 2026, with growth in Starlink and OneWeb products.
Price Impact
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