Gilat Satellite Reports Q3 2026 Results with Defense Growth Amidst Commercial Headwinds
Gilat Satellite Networks (GILT) reported third-quarter revenue of $116.2 million, a slight 1% decrease year-over-year. While the commercial segment saw a 4% decline due to deferred amplifier deliveries and the Peru segment dropped 54%, the defense segment surged by 53% to $36.9 million. This shift is driven by increased demand for transportable products via Gilat DataPath. Despite revenue fluctuations, adjusted EBITDA rose 13% to $17.6 million, supported by cost reduction initiatives and a favorable revenue mix. The company updated its full-year 2026 revenue guidance to a range of $455 million to $475 million, citing delays in GEO and LEO satellite launches and shifting delivery schedules as primary factors affecting the outlook.
Tickers: $GILT
Topics: Commercial Segment Defense Segment EBITDA Financial Guidance Revenue
Read the full article at Motley Fool
Part of the story Gilat Satellite Reports Q3 2026 Results with Defense Growth Amidst Commercial Headwinds (3 articles)