Quarterly ResultAug 4, 2026, 04:30 PM
Viasat Q1 FY27 Net Loss Narrows to $51.7M; Revenue Down 1%
AI Summary
Viasat reported a net loss of $51.7 million for the first quarter of fiscal year 2027, an improvement from $56.4 million in the prior year, while revenue decreased 1% year-over-year to $1.157 billion. Adjusted EBITDA declined 7% to $381.1 million. The company saw strong growth in new contract awards, up 10% to $1.298 billion, and backlog, up 19% to $4.218 billion. Operational progress included successful deployments for VS-3 F2 and F3 satellites, and the company maintains a positive outlook for the second half of fiscal year 2027.
Key Highlights
- Net loss improved to $51.7 million in Q1 FY2027 from $56.4 million in Q1 FY2026.
- Revenue decreased 1% year-over-year to $1.157 billion; Adjusted EBITDA declined 7% to $381.1 million.
- New contract awards increased 10% YoY to $1.298 billion; backlog grew 19% to $4.218 billion.
- Communication Services revenue was flat YoY at $825.1 million; Defense and Advanced Technologies revenue decreased 4% YoY to $331.5 million.
- Generated $72 million in Free Cash Flow (excluding non-recurring items), an increase of 19% YoY.
- Net leverage ratio declined by 0.4x to 3.2x compared to the prior year period.
- Successfully completed deployments and In-Orbit Test (IOT) for VS-3 F2 and F3 satellites.
- Secured prime contract for U.S. Space Force's Protected Tactical SATCOM-Global (PTS-G) program.
Price Impact
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