Gilat Satellite Networks Ltd
NASDAQ:GILT
Gilat Satellite Networks Ltd
Gilat Satellite Networks Ltd. engages in the provision of broadband satellite communication and networking solutions and services. The firm operates through three segments: Commercial, Mobility and Services divisions. The firm designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-Move/on-the-Pause terminals and modems. The firm's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations and enterprises.
Gilat Satellite Networks Ltd. engages in the provision of broadband satellite communication and networking solutions and services. The firm operates through three segments: Commercial, Mobility and Services divisions. The firm designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-Move/on-the-Pause terminals and modems. The firm's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations and enterprises.
Revenue Growth: Gilat reported Q4 revenue of $137 million, up 75% year-over-year, and full-year revenue of $451.7 million, up 48%, driven by strong execution across its business segments.
Profitability: Adjusted EBITDA for Q4 was $18.2 million, up 50% YoY, and $53.2 million for the full year, up 26%.
Segment Strength: The Commercial segment more than doubled Q4 revenue, Defense achieved record annual sales, and Peru delivered exceptional results with major network upgrade wins.
2026 Guidance: Management expects 2026 revenue of $500–$520 million and adjusted EBITDA of $61–66 million, indicating further growth.
Backlog & Visibility: A strong backlog covers most of 2026 guidance, providing high revenue visibility for the upcoming year.
M&A Focus: Gilat continues to target acquisitions, especially in Defense and adjacent markets, with significant capital raised supporting this strategy.
Stellar Blu Integration: Stellar Blu's 2025 revenue was about $127 million, and production is ramping up with a double-digit growth in unit deliveries expected in 2026.
