GILAT SATELLITE NETWORKS LTD

Gilat Satellite Networks Ltd. announced a definitive agreement to acquire the majority of Comtech Telecommunications Corporation's Satellite & Space Communications segment for $157.5 million in cash. An advance payment of $10 million has been made, with the transaction expected to close by the end of 2026, subject to regulatory approvals. Concurrently, Gilat reported strong financial results for the six months ended June 30, 2026, with total revenues increasing by 18.3% to $233.1 million and net income soaring by 248.9% to $13.4 million compared to the same period in 2025.

Gilat Satellite Networks reported strong second-quarter 2026 results, with revenue growing 17% to $122.7 million and Adjusted EBITDA increasing 31% to $15.4 million. The company also confirmed that its acquisition of Comtech's Satellite & Space Communications segment is progressing well and is expected to close by year-end. Gilat reiterated its full-year 2026 financial guidance, anticipating continued growth and margin expansion across its segments.

Gilat Satellite Networks Ltd. reported strong second-quarter 2026 results, with revenues increasing 17% to $122.7 million and Adjusted EBITDA growing 31% to $15.4 million. The company also reiterated its full-year 2026 financial guidance, expecting revenues between $500 million and $520 million and Adjusted EBITDA between $61 million and $66 million. The acquisition of Comtech's Satellite & Space Communications Segment is progressing as planned and is anticipated to close towards year-end.

Gilat Satellite Networks Ltd. announced its Annual General Meeting of Shareholders to be held on September 8, 2026, in Petah Tikva, Israel. Shareholders will vote on several key proposals, including setting the number of directors, re-electing board members, amending the company's Articles of Association, and approving changes to the compensation policy for executive officers and directors. Additionally, the meeting will address the grant of equity compensation to certain individuals, amendments to the CEO's compensation terms, and the reappointment of the company's independent registered public accountants.

Gilat Satellite Networks Ltd. announced that members of its management team will present at two upcoming investor conferences in August 2026. CEO Adi Sfadia and CFO Gil Benyamini will present at the Canaccord Genuity 46th Annual Growth Conference on August 12. CFO Gil Benyamini will also present at the Oppenheimer 29th Annual Technology, Internet & Communications Conference on August 13.

Gilat Satellite Networks announced that its management team will present at two upcoming investor conferences in August 2026. CEO Adi Sfadia and CFO Gil Benyamini will present at the Canaccord Genuity 46th Annual Growth Conference in Boston on August 12. CFO Gil Benyamini will also present virtually at the Oppenheimer 29th Annual Technology, Internet & Communications Conference on August 13.

Gilat Satellite Networks Ltd. announced it will release its second quarter 2026 financial results on Wednesday, August 5, 2026. Following the release, the company will host an English conference call with CEO Adi Sfadia and CFO Gil Benyamini to discuss the results and business achievements. A separate Hebrew conference call is scheduled for August 6, 2026.

Gilat Satellite Networks Ltd. announced that it will release its second quarter 2026 financial results on Wednesday, August 5, 2026. Following the release, the company will host conference calls with CEO Adi Sfadia and CFO Gil Benyamini to discuss the results and business achievements. An English webcast and dial-in will be available on August 5, 2026, and a Hebrew webcast on August 6, 2026.

Gilat Satellite Networks Ltd. announced it has secured over $20 million in new orders from a leading global satellite operator. These orders are for SkyEdge services and systems, including advanced ground segment systems and network management capabilities, with most deliveries anticipated within the next 24 months. The deal highlights the continued demand for Gilat's satellite communication solutions, particularly those supporting multi-orbit connectivity and enhancing network performance and efficiency.

Gilat Satellite Networks Ltd. announced it has secured over $20 million in orders from a leading global satellite operator. These orders are for Gilat's SkyEdge services and systems, encompassing advanced ground segment systems, network management capabilities, and ongoing services. The company expects most deliveries to occur within the next 24 months, highlighting continued demand for its multi-orbit connectivity solutions.