Gilat Satellite Reports Q3 GAAP EPS of $0.28 and Revenue of $116.23 Million
Gilat Satellite (GILT) reported third-quarter financial results featuring a GAAP earnings per share of $0.28 and revenue of $116.23 million, representing a slight year-over-year decline of 1.2%. Despite the minor revenue dip, the company saw its GAAP net income grow by 7% year-over-year to $8.7 million. Looking ahead, Gilat has revised its full-year 2026 revenue guidance down to a range of $455 million to $475 million. This revision sits significantly below the market consensus of approximately $507.82 million. The company also adjusted its EBITDA guidance to a range of $61 million to $63 million.