VIASAT INC

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.

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.

Viasat, Inc. announced it will release its first quarter fiscal year 2027 financial results on Tuesday, August 4, 2026, after market close. The results will be detailed in a letter to shareholders, which will be posted on the company's Investor Relations website. Additionally, Viasat will host a conference call and webcast on the same day at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time to discuss the results.

Viasat Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on September 3, 2026, with a record date of July 15, 2026. Key proposals for the meeting include the election of three Class III Directors, the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2027, and an advisory vote on executive compensation. The Board unanimously recommends voting "FOR" all proposals, and CEO Mark Dankberg's fiscal year 2026 total compensation was $14,208,178.

Viasat successfully demonstrated the first in-car satellite voice call fully integrated into a BMW iX3 infotainment system during the 5G Automotive Association meeting in Munich. This breakthrough allows drivers and passengers to stay connected in remote areas using Viasat's L-band satellite network and NB-IoT protocol. The collaboration with BMW Group, Cubic³, Qualcomm Technologies, and Fraunhofer IIS aims to ensure reliable communication for emergency and safety applications, extending connectivity beyond terrestrial networks.

Viasat, a global leader in satellite communications, announced a landmark technology demonstration showcasing the first automotive satellite voice call fully integrated into a BMW Group vehicle's platform. This significant step forward brings Non-Terrestrial Network (NTN) communications into the connected vehicle ecosystem, enabling drivers and passengers to stay connected in remote areas. The demonstration utilized advanced technology from Qualcomm Technologies Inc. and Fraunhofer IIS, transmitting voice communications via the NB-IoT protocol over Viasat’s L-band satellite network, integrated directly into the BMW iX3's infotainment system.

Viasat, Inc. announced it was awarded a prime contract by the U.S. Space Force's Space Systems Command (SSC) for the Protected Tactical SATCOM-Global (PTS-G) program. This multi-year development award, part of a $4B IDIQ ceiling, involves building, launching, and operating the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit (GEO) satellites. Viasat will deliver a dual-band X/Ka-band mini-GEO satellite, ground stations, and five years of operations and sustainment services, leveraging technology from its ViaSat-3 fleet.

Viasat Inc. announced its selection by Lockheed Martin to provide high-bandwidth satellite communications technology for the National Oceanic and Atmospheric Administration's (NOAA) next-generation C-130J Hercules "Hurricane Hunter" aircraft program. Viasat's government SATCOM team will support the delivery of two specially modified C-130J aircraft, with prime contract options for additional units, designed to collect critical environmental data. This program represents the first formal line-fit integration of Viasat's Hybrid SATCOM Approach (HSA) technology on the C-130J platform, enhancing resilient airborne connectivity for NOAA's mission.

Viasat, Inc. reported record financial results for fiscal year 2026, with revenue reaching $4.6 billion and Adjusted EBITDA at $1.6 billion. The company significantly improved its net loss to $34 million for the full year and achieved a net income of $59 million in Q4 FY2026, a turnaround from a $246 million loss in the prior year quarter. Despite a slight 1% YoY decrease in Q4 Adjusted EBITDA to $370 million, Viasat generated $177 million in free cash flow for FY2026 and ended the year with a record backlog of $4.1 billion. The company also made significant progress on its ViaSat-3 satellite deployments and anticipates mid-single-digit revenue growth for fiscal year 2027.

Viasat, Inc. announced the publication of its fourth quarter and fiscal year 2026 financial results. A letter to shareholders and accompanying webcast slides are now available on the company's Investor Relations website. Management will host a conference call today, May 28, 2026, to discuss these results, with access details provided for dial-in and live webcast.