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.