Quarterly ResultAug 6, 2026, 04:03 PM
Viasat Q1 Net Loss Narrows to $51.7M; Revenue $1.16B
AI Summary
Viasat reported a narrower net loss of $(51.7) million for the three months ended June 30, 2026, an improvement from $(56.4) million in the prior year. Total revenues slightly decreased to $1.16 billion. The company saw an increase in net cash provided by operating activities and anticipates commercial service for its ViaSat-3 F2 and F3 satellites in the coming months, while also noting a significant increase in the current portion of its long-term debt.
Key Highlights
- Net loss attributable to Viasat, Inc. narrowed to $(51.7) million from $(56.4) million YoY.
- Total revenues decreased to $1.16 billion from $1.17 billion compared to the prior year.
- Basic net loss per share improved to $(0.38) from $(0.43) year-over-year.
- Net cash provided by operating activities increased to $260.6 million from $258.5 million.
- Current portion of long-term debt significantly increased to $661.9 million from $57.8 million.
- ViaSat-3 F2 and F3 satellites are expected to commence commercial service in September and late summer 2026.
- Remaining performance obligations totaled $4.2 billion as of June 30, 2026.
Price Impact
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