Gilat Satellite Shares Drop 16% Following Lowered FY2026 Revenue Guidance
Gilat Satellite Networks (GILT) reported third-quarter GAAP earnings per share of $0.28, with revenue totaling $116.23 million, representing a slight year-over-year decline of 1.2%. While the company saw a 7% increase in GAAP net income to $8.7 million, the market reacted negatively to updated forward-looking projections. The primary driver for the stock's premarket decline is a significant downward revision to its fiscal year 2026 revenue guidance. The new projected range of $455 million to $475 million falls substantially short of the consensus estimate of approximately $507.82 million. Additionally, the company adjusted its EBITDA guidance to a range of $61 million to $63 million.
Tickers: $GILT
Topics: earnings report EBITDA guidance net income revenue guidance
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