Quarterly ResultAug 6, 2026, 07:01 AM
KVH Industries Q2 Revenue Up 27% to $33.7M; Net Income $0.2M
AI Summary
KVH Industries reported strong revenue growth for the second quarter and first half of 2026, driven by a significant increase in LEO (Low Earth Orbit) service sales, particularly from Starlink and OneWeb subscribers. Total revenues for Q2 2026 rose 27% year-over-year to $33.7 million, with service revenue increasing 29%. However, net income for Q2 2026 decreased to $0.2 million from $0.9 million in Q2 2025. Non-GAAP adjusted EBITDA saw an 11% increase to $3.0 million for the quarter, and the company achieved positive net income for the first six months of 2026, reversing a loss from the prior year period.
Key Highlights
- Total revenues for Q2 2026 increased 27% to $33.7 million from $26.6 million in Q2 2025.
- Service revenue grew 29% to $29.7 million in Q2 2026 compared to Q2 2025.
- Net income for Q2 2026 was $0.2 million, or $0.01 per share, down from $0.9 million in Q2 2025.
- Non-GAAP adjusted EBITDA for Q2 2026 was $3.0 million, up 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, driven by Starlink and OneWeb product sales.
- Total revenues for the six months ended June 30, 2026, increased 27% to $66.0 million.
- Net income for the six months ended June 30, 2026, was $0.8 million, compared to a loss of $0.8 million in 2025.
Price Impact
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