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 Q3 2025 revenue of $117.7 million, up 58% year-over-year and 19% sequentially, reflecting strong momentum in its commercial and Peru businesses.
Guidance Raised: Management narrowed and raised full-year 2025 guidance, now targeting revenue between $445 million and $455 million and adjusted EBITDA of $51 million to $53 million.
Stellar Blu Progress: Stellar Blu production is ramping up, with over 350 aircraft now equipped and a $60 million new order secured; gross margins are still below target but expected to improve in 2026.
Strong Peru Performance: Gilat Peru secured $85 million in new awards this quarter, which are incremental to existing contracts, supporting future digital inclusion initiatives.
Commercial Segment Surge: Commercial revenue more than doubled from last year on strong in-flight connectivity demand and major SkyEdge IV platform wins.
Defense Pipeline: Defense revenue was down year-on-year due to program transitions but the segment secured over $14 million in new U.S. orders and is expected to grow as new programs ramp.
