GILT

Iridium Communications (IRDM) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +31.03%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.26 per share when it actually produced earnings of $0.19, delivering a surprise of -26.92%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $245.73 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 2.04%. This compares to year-ago revenues of $226.93 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Iridium shares have added about 154.2% since the beginning of the year versus the S&P 500's gain of 12.4%. While Iridium has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Iridium was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.29 on $236.96 million in revenues for the coming quarter and $0.87 on $922.04 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Gilat Satellite (GILT), is yet to report results for the quarter ended September 2026. The results are expected to be released on November 10. This satellite broadband communications company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -10.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Gilat Satellite's revenues are expected to be $126.2 million, up 7.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Iridium Communications Inc (IRDM) : Free Stock Analysis Report Gilat Satellite Networks Ltd. (GILT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PETAH TIKVA, Israel, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its third quarter 2026 financial results on Tuesday, November 10, 2026. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat's third quarter 2026 results and business achievements and participate in a question-and-answer session: In English: | Date: | Tuesday, November 10, 2026 Start: | 09:30 AM EST / 16:30 IST A simultaneous webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link: https://www.veidan-conferencing.com/gilat Or Dial-in: | US: 1-888-407-2553 International: | +972-3-918-0609 The webcast will also be archived for a period of 30 days on the Company's website and through the link above. In Hebrew: | Date: | Wednesday, November 11, 2026 Start: | 10:00 AM IST A simultaneous webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link: https://gk-biz.zoom.us/webinar/register/WN_EeFBb3ghRKyMaP8l7W2WOw#/ About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Together with our wholly owned subsidiaries Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a software-defined platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and Electronically Steered Antennas (ESAs), highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services. Gilat's products and tailored solutions support multiple applications including government and defense, IFC and mobility, cellular backhaul, enterprise, aerospace and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://www.gilat.com This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can generally be identified by the use of forward-looking terminology such as "estimate," "project," "intend," "expect," "believe," "anticipate," "plan," "may," "will," "seek," "could," "should," or similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Gilat to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, among others, changes in general economic, market and business conditions; failure to maintain market acceptance of Gilat's products; failure to timely develop and introduce new technologies, products and applications; rapid changes in the markets in which Gilat operates; increased competition, loss of market share or pressure on prices; loss of key OEM partners; inability to attract and retain qualified personnel; inability to protect proprietary technology; and risks associated with Gilat's international operations and its location in Israel, including those arising from regional military conflicts and geopolitical instability. For additional information regarding these and other risks and uncertainties, please refer to Gilat's filings with the U.S. Securities and Exchange Commission. Gilat undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: Gilat Satellite Networks Hagay Katz, Chief Products and Marketing Officer [email protected]

Gilat Satellite Networks Ltd. GILT used its second-quarter 2026 earnings call to emphasize a stronger second half for Defense, in-flight connectivity expansion and the Comtech transaction. In second-quarter 2026, adjusted EPS of $0.20 topped the Zacks Consensus Estimate of $0.14. However, revenues of $122.66 million slightly missed the $122.90 million consensus. Gilat Satellite Networks Ltd. price-consensus-eps-surprise-chart | Gilat Satellite Networks Ltd. Quote CEO Adi Sfadia said execution across Commercial, Defense and Peru supported the reiterated 2026 guidance. Revenues remain projected at $500 million to $520 million, with adjusted EBITDA of $61 million to $66 million. The outlook is backed by backlog, pipeline and delivery schedules. At the midpoint, the ranges imply revenue growth of about 13% and adjusted EBITDA growth of about 19%. CFO Gil Benyamini cautioned that a stronger Israeli shekel is expected to add $3 million to $5 million of operating expenses in the second half. Management expects higher revenues and operating leverage to offset part of that pressure. Sfadia described Defense as a growth engine, with demand centered on resilient and rapidly deployable satellite communications. Second-quarter Defense revenues rose 12% year over year to $22.5 million. A Quilty Space analyst asked whether the segment still required a sharp second-half step-up. The CFO confirmed that Defense revenues should be materially higher in the second half, based on firm backlog and expected book-to-ship activity. A Needham analyst asked about product-mix changes. The CEO highlighted demand for mobile gateways, tactical systems and smaller electronically steered antennas, while noting that loitering-munition solutions remain under customer discussion. Commercial revenues increased 20% year over year to $83 million, driven mainly by in-flight connectivity. CEO Adi Sfadia said Gilat delivered more than 200 terminals during the quarter, a record, and terminal bookings exceeded recognized revenues. Sidewinder ESA received $43 million in additional orders. Boeing line-fit certification continued to advance, with first unit deliveries expected in the fourth quarter, while an Airbus-related order broadened the opportunity. A Quilty Space analyst pressed management on installed units. CEO Adi Sfadia estimated that slightly more than 600 units were operating, while CFO Gil Benyamini stressed that installation timing depends on customers, airlines and aircraft maintenance windows. Sfadia called the acquisition of most of Comtech’s Satellite and Space Communications segment a major expansion step. The transaction is expected to more than double Defense revenues and lift pro forma annual revenues above $700 million. Management expects the deal to close toward year-end, subject to regulatory approvals and customary conditions. Sfadia said six acquired business units will be allocated mainly to Defense, with a smaller portion assigned to Commercial. Sfadia also said the transaction should deepen Gilat’s U.S. engineering and manufacturing footprint and improve access to larger U.S. and allied programs. Adjusted EBITDA rose 31% year over year to $15.4 million, with margin expanding to about 12.6% from 11.2%. CFO Gil Benyamini attributed the faster EBITDA growth to operating leverage. A Freedom Broker analyst questioned second-half margin pressure despite higher sales. Benyamini cited foreign exchange and delivery mix, while maintaining that full-year margin assumptions remain consistent with the original guidance framework. A Quilty Space analyst asked about working capital after operating cash use of $1.9 million. CFO Gil Benyamini and CEO Adi Sfadia linked higher inventory to second-half deliveries and expect stabilization as backlog-related inventory is consumed over two to three quarters. Management’s tone remained confident but operationally grounded. Sfadia emphasized Defense, IFC, SkyEdge demand and Peru’s service activity as the main supports for the second half. Execution points are the Defense ramp, Sidewinder certification and deployment, working-capital normalization and completion of the Comtech acquisition on schedule. GILT carries a Zacks Rank #3 (Hold) at present, indicating a neutral near-term earnings-estimate revision signal. Its Value Score of C and Momentum Score of C are middle-tier readings, while the Growth Score of F and VGM Score of F indicate weak alignment with those style factors. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Style Scores complement the Zacks Rank, with A and B grades representing stronger characteristics. The current combination does not provide a strong style-based signal, and the Zacks Rank can change as analysts revise estimates after the reported results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gilat Satellite Networks Ltd. (GILT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Gilat Satellite Networks Ltd.? Here are five stocks we like better. Second-quarter performance strengthened: Revenue rose 17% year over year to $122.7 million, while adjusted EBITDA increased 31% to $15.4 million and the margin expanded to approximately 12.6%. Commercial and defense demand drove growth: Commercial revenue climbed 20%, supported by in-flight connectivity and strong orders for SkyEdge and Sidewinder systems; defense revenue increased 12%, including $11 million in U.S. government orders. Outlook was reaffirmed: Gilat maintained its 2026 guidance of $500 million–$520 million in revenue and $61 million–$66 million in adjusted EBITDA, while its planned Comtech acquisition is expected to more than double defense revenue once completed. Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued Gilat Satellite Networks (NASDAQ:GILT) reported second-quarter revenue growth of 17% year over year as demand increased across its commercial, defense and Peru operations, while the satellite communications company reiterated its full-year outlook. Revenue for the quarter ended June 30 totaled $122.7 million, compared with $105 million a year earlier. Adjusted EBITDA rose 31% to $15.4 million from $11.8 million, and the adjusted EBITDA margin expanded to approximately 12.6% from 11.2%. → 3 Drone Stocks That Should Soar After the Summer Slump Gilat Satellite Stock Downdraft is an Opportunity “During the second quarter, we continued to strengthen our position, advance important strategic initiatives, and execute successfully across our defense, commercial, and Peru businesses,” CEO Adi Sfadia said on the company’s Aug. 5 earnings call. Commercial revenue increased 20% year over year to $83 million, primarily driven by in-flight connectivity, according to CFO Gil Benyamini. Defense revenue rose 12% to $22.5 million, while revenue in Peru grew 8% to $17.2 million. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Gilat’s commercial business received more than $20 million in orders from global satellite operators, mainly for its SkyEdge platforms and services. The company also received $43 million in orders from a leading in-flight connectivity service provider for its Sidewinder electronically steered antenna terminals, covering both line-fit and retrofit installations. Sfadia said Sidewinder is moving into large-scale deployment, with more than 200 terminals delivered during the quarter, which he described as a record quarterly delivery volume. He said slightly more than 600 units were installed and operating, while noting that installation timing depends on customers, aircraft availability and maintenance windows. → Jersey Mike's Serves Fresh Gains After IPO Stumble The company continued certification work for Boeing line-fit availability and expects deliveries of the first units in the fourth quarter. Gilat has also begun the process to make Sidewinder available for Airbus line-fit programs and received an order as part of that effort. “With continued traction for our SkyEdge platforms, strong momentum for Sidewinder, and progress on both Boeing and Airbus line-fit programs, we believe we have strong foundation for additional growth opportunities,” Sfadia said. Gilat Defense received $11 million in U.S. Department of War orders for satellite communications terminals and field services during the quarter. It also received a multi-million-dollar order to supply customized satellite communications terminals to a European ministry of defense. The company introduced the Viper Ka, a Ka-band ISR terminal designed for unmanned ISR and tactical UAV applications. Sfadia said the terminal is intended to support Ka-band constellations including GEO satellites, Telesat LEO, mPOWER and Amazon, and can be used on small to medium UAVs. Management also highlighted rising demand for mobile gateways following damage to fixed U.S. gateways in the Middle East, as well as growing interest in connectivity solutions for loitering munitions. Gilat does not currently have a dedicated solution for the latter market but is discussing potential customized products with customers, Sfadia said. Separately, Gilat signed a definitive agreement during the quarter to acquire most of Comtech’s Satellite & Space Communications segment. The transaction is expected to close near the end of 2026, subject to regulatory approvals, including HSR and CFIUS reviews, and customary closing conditions. Sfadia said the acquisition is expected to more than double Gilat Defense revenue, broaden the company’s technology portfolio and strengthen its U.S. presence. He said approximately 70% to 80% of the acquired business’s revenue is defense-related, with the remainder commercial. The defense activities will be placed within Gilat Defense, while commercial operations will be assigned to the commercial segment. GAAP gross margin was 30%, unchanged from the prior-year quarter. GAAP operating income declined to $4.7 million from $5.7 million, primarily because of an earnout provision related to Gilat’s DataPath acquisition that was recorded in general and administrative expenses. GAAP net income was $8.1 million, or 10 cents per diluted share, compared with $9.8 million, or 17 cents per diluted share, a year earlier. On a non-GAAP basis, operating income climbed 35% to $12.6 million. Non-GAAP net income rose to $15.6 million, or 20 cents per diluted share, from $12 million, or 21 cents per share. Benyamini attributed the difference between net-income growth and per-share results to a higher diluted share count following $166 million raised in late 2025. The company used approximately $1.9 million in operating cash during the quarter, which management attributed mainly to working-capital timing and inventory needs for second-half deliveries. Gilat ended the quarter with $159 million in cash equivalents, restricted cash and short-term deposits. Days sales outstanding, excluding Peru construction activity, were 110 days. For the first half of 2026, Gilat reported revenue of $233.1 million and adjusted EBITDA of $30.5 million. Management reiterated its 2026 guidance for revenue of $500 million to $520 million and adjusted EBITDA of $61 million to $66 million. At the midpoint, the outlook represents 13% revenue growth and 19% adjusted EBITDA growth, Benyamini said. The company expects a higher level of defense revenue in the second half based on backlog, delivery schedules and expected orders. However, management expects unfavorable movements in the Israeli shekel against the U.S. dollar to add approximately $3 million to $5 million of operating expenses in the second half. In Peru, Gilat completed infrastructure-upgrade work in its first three regions and expects to complete work in Cusco during the third quarter. Benyamini said most Peru revenue going forward is expected to come from recurring long-term service arrangements rather than one-time construction work. Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company's core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent. Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Gilat Satellite Networks Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Revenue Grew 17% to $122.7 Million; GAAP Operating Income was $4.7 Million; Adjusted EBITDA Increased 31% to $15.4 Million Comtech Acquisition on Track for Expected Year-End Closing Reiterates 2026 Financial Guidance PETAH TIKVA, Israel, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter, ended June 30, 2026. Second Quarter 2026 Financial Highlights Revenues increased to $122.7 million, compared with $105 million in Q2 2025; GAAP operating income of $4.7 million, compared with GAAP operating income of $5.7 million in Q2 2025; Non-GAAP operating income increased 35% to $12.6 million, compared with $9.3 million in Q2 2025; GAAP net income of $8.1 million, or $0.10 per diluted share, compared with GAAP net income of $9.8 million, or $0.17 per diluted share, in Q2 2025; Non-GAAP net income of $15.6 million, or $0.20 per diluted share, compared with $12.0 million, or $0.21 per diluted share, in Q2 2025; Adjusted EBITDA increased 31% to $15.4 million, significantly improving margins compared with $11.8 million in Q2 2025 Forward-Looking Expectations1 Management reiterates guidance for 2026 for revenue between $500 to $520 million, representing a revenue growth rate of approximately 13% at the midpoint. Adjusted EBITDA for 2026 is expected to be between $61 to $66 million, representing a growth rate of approximately 19% at the midpoint. Management Commentary Adi Sfadia, Gilat's CEO, commented: “Gilat delivered another strong quarter, with revenues increasing 17% and Adjusted EBITDA increasing 31%. The combination of growth and margin expansion reflects solid execution across our Defense, Commercial, and Peru segments and the continued strength of our underlying business.” Mr. Sfadia added, “During the quarter and in recent weeks, momentum remained broad-based. Gilat Defense continued to expand its activity in both the United States and in Europe, reflecting increasing demand for advanced communications solutions that support mobility, rapid deployment, and operational continuity in complex operating environments. We introduced the Viper Ka ESA terminal, broadening our support for unmanned and autonomous missions, and we also advanced work on certifications that will position us to better support next-generation defense communications architectures. “The announced Comtech acquisition is progressing well and is the next major step in Gilat’s transformation into a scaled defense, space, and mission-critical communications technology company. The acquisition is expected to create a company with more than $700 million in pro forma annual revenues, more than double Gilat Defense revenues, expand our U.S. engineering and manufacturing footprint, and improve access to larger U.S. and allied defense and space programs.The acquisition is anticipated to close toward year-end, subject to regulatory approvals and customary closing conditions.” Mr. Sfadia concluded, “Our first-half performance, recent awards, backlog, and strong pipeline support our full-year 2026 outlook and positions us well to fully capitalize on the Comtech acquisition.” Key Recent Announcements Gilat to Acquire Comtech’s Satellite & Space Communications Segment Creating a Leading Provider of Advanced Defense and Satellite Communications Solutions Leading Global Satellite Operator Awards Gilat Over $20 Million in SkyEdge Orders Gilat Receives $11 Million in U.S. Department of War Orders, Reinforcing Role in Mission-Critical Defense Connectivity Gilat Receives $43 Million of Additional Sidewinder ESA Orders from Leading In-flight Connectivity Service Provider Gilat Receives Multi-Million Dollar Order for Customized SATCOM Terminals Supporting European Defense Communications Gilat Presents Expanded Portfolio for Tactical Unmanned Platforms at Eurosatory 2026 Boeing and Gilat Achieve Key In-Cabin Offerability Milestone for Sidewinder Line-fit Multi‑Orbit Solution Conference Call Details Gilat’s management will discuss its second quarter 2026 results and business achievements and participate in a question-and-answer session: In English: A simultaneous webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link: https://www.veidan-conferencing.com/gilat Or Dial-in: The webcast will also be archived for a period of 30 days on the Company’s website and through the link above. In Hebrew: A simultaneous webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link: https://gk-biz.zoom.us/webinar/register/WN_Ij3ddmS9RqWUXweNlBeJsw Non-GAAP Measures The attached unaudited summary consolidated financial statements were prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). To supplement the summary consolidated financial statements presented in accordance with GAAP, the Company presents non-GAAP measurements of gross profit, operating expenses, operating income, income before taxes on income, net income, Adjusted EBITDA, and earnings per share. The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends, and performance. Non-GAAP financial measures mainly exclude, if and when applicable, the effect of stock-based compensation, amortization of purchased intangibles, lease incentive amortization, other non-recurring expenses, other integration expenses, other operating expenses (income), net, and the income tax effect on the relevant adjustments. Adjusted EBITDA is presented to compare the Company’s performance to that of prior periods and evaluate the Company’s financial and operating results on a consistent basis from period to period. The Company also believes this measure, when viewed in combination with the Company’s financial results prepared in accordance with GAAP, provides useful information to investors to evaluate ongoing operating results and trends. Adjusted EBITDA, however, should not be considered as an alternative to operating income or net income for the period and may not be indicative of the historical operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under GAAP and may not be comparable to other similarly titled measures for other companies. A reconciliation between the Company's net income and Adjusted EBITDA is presented in the attached summary consolidated financial statements. Non-GAAP presentations of gross profit, operating expenses, operating income, income before taxes on income, net income, Adjusted EBITDA and earnings per share should not be considered in isolation or as a substitute for any of the consolidated statements of operations prepared in accordance with GAAP, or as an indication of Gilat’s operating performance or liquidity. About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Together with our wholly owned subsidiaries Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a software-defined platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and Electronically Steered Antennas (ESAs), highly efficient, high-power Solid State Power Amplifiers (SSPAs) and Block Upconverters (BUCs) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services. Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, cellular backhaul, enterprise, aerospace and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://www.gilat.com This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can generally be identified by the use of forward-looking terminology such as “estimate,” “project,” “intend,” “expect,” “believe,” “anticipate,” “plan,” “may,” “will,” “seek,” “could,” “should,” or similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Gilat to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, among others, changes in general economic, market and business conditions; failure to maintain market acceptance of Gilat’s products; failure to timely develop and introduce new technologies, products and applications; rapid changes in the markets in which Gilat operates; increased competition, loss of market share or pressure on prices; loss of key OEM partners; inability to attract and retain qualified personnel; inability to protect proprietary technology; and risks associated with Gilat’s international operations and its location in Israel, including those arising from regional military conflicts and geopolitical instability. For additional information regarding these and other risks and uncertainties, please refer to Gilat’s filings with the U.S. Securities and Exchange Commission. Gilat undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: Gilat Satellite NetworksHagay Katz, Chief Products and Marketing [email protected] Alliance Advisors [email protected] Phone: +1 212 838 3777 __________________________________1 We do not provide forward-looking guidance on a GAAP basis because we are unable to reasonably provide forward-looking guidance for certain financial data, such as earnout-based expenses related to recent acquisitions. As a result, we are not able to provide a reconciliation of GAAP to non-GAAP financial measures for forward looking data without unreasonable effort.

Gilat Satellite (GILT) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +42.86%. A quarter ago, it was expected that this satellite broadband communications company would post a loss of $0.06 per share when it actually produced earnings of $0.18, delivering a surprise of +400%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Gilat, which belongs to the Zacks Satellite and Communication industry, posted revenues of $122.66 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.19%. This compares to year-ago revenues of $104.97 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Gilat shares have lost about 8% since the beginning of the year versus the S&P 500's gain of 13%. While Gilat has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Gilat was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.19 on $134.2 million in revenues for the coming quarter and $0.70 on $509.6 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Globalstar (GSAT), is yet to report results for the quarter ended June 2026. This satellite communications company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -169.2%. The consensus EPS estimate for the quarter has been revised 566.7% lower over the last 30 days to the current level. Globalstar's revenues are expected to be $72.96 million, up 8.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gilat Satellite Networks Ltd. (GILT) : Free Stock Analysis Report Globalstar, Inc. (GSAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Gilat Satellite Networks Ltd. GILT is scheduled to report second-quarter 2026 results tomorrow. The Zacks Consensus Estimate for revenues is pinned at $122.9 million, up 17.1% from the prior-year reported number. The consensus estimate for earnings is 14 cents per share, down 33.3% year over year. Estimates have remained unchanged in the past 30 days. Our proven model does not predict an earnings beat for Gilat this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. This is not the case here. Gilat has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Gilat’s second-quarter performance is likely to have benefited from continued momentum across both its defense and commercial businesses. On the last earnings call, management highlighted sustained demand for next-generation satellite communication solutions as satellite operators and government customers advance VHTS and NGSO programs. The company continues to invest in advanced, interoperable technologies to support evolving satellite communication networks. Defense remains a key growth driver. Demand for transportable and portable SATCOM solutions continues to increase as military and government customers prioritize mobility, rapid deployment and operational flexibility. In July 2026, Gilat announced that its Gilat DataPath unit secured $11 million in orders from the U.S. Department of War to provide field services and custom ruggedized SATCOM terminals. In June 2026, Gilat received a multi-million-dollar order from a European Ministry of Defense to supply custom SATCOM terminals. Commercial operations are also likely to have been supported by in-flight connectivity (IFC). Demand for IFC continues to rise as airlines increasingly adopt NGSO and multi-orbit networks. On the last earnings call, Gilat delivered approximately 750 Sidewinder electronically steered antenna (ESA) terminals, with more than 570 already installed and operational. Boeing achieved an important in-cabin certification milestone for the Sidewinder ESA terminal, with first deliveries expected in the fourth quarter of 2026. The company also announced $39 million of Sidewinder ESA orders during the first quarter, reflecting continued customer confidence in the product. In June 2026, Gilat announced that it received $43 million in additional orders from a major in-flight connectivity provider for its Sidewinder ESA terminals. The orders, to be delivered over the next 18 months in both line-fit and retrofit configurations, underscore growing demand for multi-orbit, high-performance in-flight connectivity solutions. Gilat Satellite Networks Ltd. price-eps-surprise | Gilat Satellite Networks Ltd. Quote The company is also expanding its addressable market through product innovation. Gilat launched the commercially available ESR 2030 terminal for OneWeb's LEO constellation and secured a multimillion-dollar order for solid-state power amplifiers supporting commercial aviation connectivity in the first quarter. In addition, the company signed a multimillion-dollar partnership with Nelco in India to deploy its SkyEdge IV platform for India's first Ka-band service deployment using the JSAT-N2 HTS satellite, strengthening its presence in the Asia-Pacific region. Technology development remains a strategic priority. During the first quarter, Gilat demonstrated a virtualized SATCOM gateway modem architecture in collaboration with Amazon AWS and other partners, alongside a 5G non-terrestrial network (NTN) demonstration. The company continues to invest in software-defined systems, multi-orbit architectures and 5G NTN capabilities to support next-generation defense, mobility and commercial applications. However, investors are likely to monitor execution risks. Gilat reported negative operating cash flow during the first quarter due to working capital timing, although management noted it generated approximately $15 million of operating cash over the trailing 12 months. The company also continues investing in next-generation ESA technology, software-defined platforms and 5G NTN development, while defense revenue recognition remains subject to project timing, with deliveries typically occurring six to nine months after orders are booked. This might have negatively impacted the company’s performance in the second quarter. In June 2026, Gilat agreed to acquire the majority of Comtech Telecommunications's Satellite & Space Communications business for $157.5 million in cash. The acquisition is expected to more than double Gilat's defense revenues, expand its U.S. defense and satellite communications capabilities and create a company with projected annual revenue exceeding $700 million, subject to regulatory approvals and expected to close by the end of 2026. Here are a few stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season. Telesat Corporation TSAT currently has an Earnings ESP of +4.88% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. TSAT is scheduled to report quarterly earnings on Aug. 13, 2026. The Zacks Consensus Estimate for TSAT’s to-be-reported quarter’s loss and revenues is pegged at 82 cents per share and $57.1 million, respectively. Shares of TSAT have gained 66.1% in the past year. Shopify Inc. SHOP has an Earnings ESP of +6.85% and a Zacks Rank #2 at present. SHOP is scheduled to report quarterly figures tomorrow. The Zacks Consensus Estimate for SHOP’s to-be-reported quarter’s earnings and revenues is pegged at 39 cents per share and $3.43 billion, respectively. Shares of SHOP have lost 7.9% in the past year. Motorola Solutions, Inc. MSI has an Earnings ESP of +0.52% and a Zacks Rank #2 at present. MSI is scheduled to report quarterly figures tomorrow. The Zacks Consensus Estimate for MSI’s to-be-reported quarter’s earnings and revenues is pegged at $3.86 per share and $3 billion, respectively. Shares of MSI have inched up 1.9% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report Gilat Satellite Networks Ltd. (GILT) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report Telesat Corporation (TSAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PETACH TIKVA, Israel, July 16, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its second quarter 2026 financial results on Wednesday, August 5, 2026. Conference Call and Webcast Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat’s second quarter 2026 results and business achievements and participate in a question-and-answer session: A simultaneous webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link: https://www.veidan-conferencing.com/gilat The webcast will also be archived for a period of 30 days on the Company’s website and through the link above. A simultaneous webcast of the conference call will be available on the Gilat website at www.gilat.com and through this link: https://gk-biz.zoom.us/webinar/register/WN_Ij3ddmS9RqWUXweNlBeJsw About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Together with our wholly owned subsidiaries Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a software-defined platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and Electronically Steered Antennas (ESAs), highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services. Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, cellular backhaul, enterprise, aerospace and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://www.gilat.com This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can generally be identified by the use of forward-looking terminology such as “estimate,” “project,” “intend,” “expect,” “believe,” “anticipate,” “plan,” “may,” “will,” “seek,” “could,” “should,” or similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Gilat to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, among others, changes in general economic, market and business conditions; failure to maintain market acceptance of Gilat’s products; failure to timely develop and introduce new technologies, products and applications; rapid changes in the markets in which Gilat operates; increased competition, loss of market share or pressure on prices; loss of key OEM partners; inability to attract and retain qualified personnel; inability to protect proprietary technology; and risks associated with Gilat’s international operations and its location in Israel, including those arising from regional military conflicts and geopolitical instability. For additional information regarding these and other risks and uncertainties, please refer to Gilat’s filings with the U.S. Securities and Exchange Commission. Gilat undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: Gilat Satellite Networks [email protected]

This article first appeared on GuruFocus. Release Date: May 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gilat Satellite Networks Ltd (NASDAQ:GILT) reported a 20% year-over-year revenue growth in Q1 2026, reaching $110.5 million. The company achieved a significant increase in profitability, with adjusted EBITDA reaching $15.1 million, nearly doubling from the previous year. Gilat's defense segment saw a strong demand for transportable and portable SATCOM solutions, with a notable $16 million order from a European Ministry of Defense. The commercial segment showed solid performance, particularly in in-flight connectivity, with $39 million in orders for the Sidewinder ESA terminal. Gilat's strategic partnership with Nelco in India for KA-band service deployment represents a significant growth opportunity in the Asia-Pacific region. There are uncertainties in global economic conditions and potential reductions in revenues from key customers. Delays or reductions in U.S. and foreign military spending could impact future results. The transition from hardware to software-based platforms, such as SkyEdge 4, may take three to four years to fully materialize. The defense segment faces a time lag between booking and revenue realization, typically taking six to nine months. The market for 5G NTN solutions is not yet mature, with full deployment expected in four to five years. Warning! GuruFocus has detected 4 Warning Sign with GILT. Is GILT fairly valued? Test your thesis with our free DCF calculator. Q: How is the demand environment for the Stellar Blue products, and what is driving the gross margin improvements? A: Stellar Blue is performing well, with year-over-year growth and improved margins due to supply chain optimizations. The margins are expected to improve further towards the end of the year with the delivery of line-fit units. (Answered by Adi Svadia, CEO) Q: Are the line-fit deliveries starting with Boeing? A: Yes, the line-fit deliveries are starting with Boeing. Certification is expected by early Q3, with first units delivered during Q4. (Answered by Adi Svadia, CEO) Q: How is the transition from hardware to a software-based platform like SkyEdge 4 progressing? A: The transition to a software-defined platform like SkyEdge 4 is expected to take three to four years. It involves moving from DBBS2X to a 5G NTN framework. (Answered by Adi Svadia, CEO) Q: Can you provide more details on the defense segment, particularly regarding mobility solutions? A: There is a strong demand for mobility solutions, especially after recent conflicts. Significant orders have been received, including a $16 million order in Europe. The defense pipeline remains strong, with a time lag between booking and revenue realization. (Answered by Adi Svadia, CEO) Q: Are there any changes in the U.S. regarding the order-to-ship gap for defense products? A: The order-to-ship gap depends on lead time and inventory. While quicker turnaround is possible, it requires negotiation and understanding of customer needs. (Answered by Adi Svadia, CEO) Q: What is the connection with Amazon AWS in your defense segment? A: The main idea is to run our gateway on the AWS platform, as demonstrated in a recent showcase. This reflects our ability to cooperate with AWS cloud. (Answered by Adi Svadia, CEO) Q: What is the progress on multi-beam and multi-band technology for Stellar Blue? A: Multi-beam technology depends on chip availability and customer requirements. Availability for such antennas is expected in two to three years, aligning with future service launches. (Answered by Adi Svadia, CEO) Q: What is the expected timeline for the Airbus partnership with the Stellar Blue system? A: The certification process is expected to finish early 2027, with first units shipped in the second half of 2027. The process is expected to be faster than with Boeing due to gained knowledge. (Answered by Adi Svadia, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Gilat Satellite Networks Ltd.? Here are five stocks we like better. Gilat delivered a strong Q1, with revenue up 20% year over year to $110.5 million and adjusted EBITDA nearly doubling to $15.1 million. The company also swung to GAAP net income of $5.2 million from a loss a year earlier. Commercial and defense demand remained robust, led by in-flight connectivity growth and rising defense orders. Gilat highlighted $39 million in Sidewinder ESA terminal orders and several new defense contracts across Europe, Israel and the U.S. The company reaffirmed its full-year 2026 outlook for revenue of $500 million to $520 million and adjusted EBITDA of $61 million to $66 million. Management said the guidance is supported by backlog, visibility and continued strength in core markets. Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued Gilat Satellite Networks (NASDAQ:GILT) reported a stronger first quarter of 2026, with management citing broad-based revenue growth, margin expansion and increased demand across defense, commercial satellite communications and Peru connectivity programs. Chief Executive Officer Adi Sfadia said the company opened the year with “solid execution across the business,” as satellite operators and government customers advance next-generation programs, including very high throughput satellites, non-geostationary orbit constellations and multi-orbit networks. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Gilat Satellite Stock Downdraft is an Opportunity Revenue for the quarter rose 20% to $110.5 million from $92 million in the first quarter of 2025. Adjusted EBITDA reached $15.1 million, nearly double the year-earlier period, while GAAP net income was $5.2 million, or $0.07 per diluted share, compared with a GAAP net loss of $6 million, or $0.11 per diluted share, a year earlier. Chief Financial Officer Gil Benyamini said commercial segment revenue increased 13% year over year to $72.8 million, primarily driven by the in-flight connectivity vertical. → MercadoLibre Boldly Invests in Growth: Discount Deepens Sfadia said in-flight connectivity remains one of Gilat’s key growth engines, supported by airline demand for consistent high-performance connectivity, passenger usage growth and the industry’s move toward NGSO and multi-orbit networks. The company has delivered approximately 750 Sidewinder electronically steered array terminals, with more than 570 installed and in service. Sfadia said Boeing and Gilat reached an “important” in-cabin milestone during the quarter to offer the Sidewinder ESA terminal as a line-fit solution for airlines and IFC service providers. Certification remains on track, and first deliveries are expected in the fourth quarter. → MP Materials Is Quietly Building a Rare Earth Powerhouse Gilat also said it has begun the process to achieve line-fit availability with Airbus. In response to an analyst question, management said the Airbus process is expected to be faster than Boeing’s because of experience gained during the Boeing certification process, with certification expected in early 2027 and first units in the second half of 2027. The company announced $39 million in orders for Sidewinder ESA terminals during the quarter. Sfadia said those awards reinforced market confidence in the product’s performance, low-profile design and multi-orbit capability. Gilat also highlighted the commercial availability of its ESR 2030 terminal, designed to support commercial and defense applications over the OneWeb LEO constellation. Defense segment revenue rose 10% year over year to $25.4 million. Sfadia said Gilat is seeing “significant” increased interest in transportable and portable satellite communications solutions, driven by mobility, rapid deployment and operational flexibility requirements. During the quarter, the company announced several defense-related orders, including: A $16 million order from a European Ministry of Defense for DK transportable solutions. A $9 million order from Israel’s Ministry of Defense for next-generation defense modems. An order of more than $7 million for EnduroStream solid-state power amplifiers to support a U.S. defense program. An approximately $6 million order for field and technical services supporting U.S. Army SATCOM operations. Sfadia said the company’s defense pipeline remains strong, supported by global demand and continued investment in research and development, advanced system architectures and customer engagement. In the question-and-answer session, management said portable and transportable solutions are mainly from the DataPath product portfolio, while Gilat also sees opportunity for its modem solutions, including SkyEdge IV modems and defense-focused resilient modems. Management also said defense programs typically take six to nine months from order to product delivery, though larger projects can take longer. Gilat highlighted technology demonstrations conducted during the quarter, including a live demonstration of a virtualized SATCOM gateway modem architecture at SATELLITE 2026 in Washington, D.C., in collaboration with Amazon AWS, SES Space & Defense and the WAVE Consortium. Sfadia said the demonstration showcased a cloud-based and software-defined gateway architecture designed to improve scalability, resiliency and agility for defense and government networks. In response to analyst questions, management said the demonstration involved running Gilat’s gateway modem on the AWS platform connected to a standard modem at the end-user site. The company also conducted a 5G Non-Terrestrial Network demonstration. Management said it is seeing market traction around 5G NTN, including discussions tied to OneWeb Gen 2 and Gen 1.5, IRIS², LEO startups and some GEO players, but said market requirements are not yet mature. Management described full 5G NTN deployment as likely several years away, with IRIS² described as among the most advanced efforts. Revenue from Gilat’s Peru segment rose to $12.3 million from $4.8 million in the prior-year quarter. Benyamini said the increase was mainly related to upgrade projects in four of the six regions in which the company operates. Sfadia said Gilat expects to complete previously announced upgrade projects ahead of schedule in the second quarter of 2026. He added that the company expects additional large requests for proposals and follow-on orders during the year. Management said Peru revenue can be volatile because of the implementation-based nature of projects, but noted the base level of recurring revenue is higher than in prior years. Gilat ended the quarter with liquidity of $171 million, including cash equivalents, restricted cash and short-term deposits. The company used approximately $12.2 million in operating cash during the quarter, primarily due to working capital timing, while generating about $15 million over the trailing 12 months. Benyamini also discussed an agreement with former DataPath shareholders related to the share-linked component of the earn-out from Gilat’s 2023 acquisition. Under the agreement, Gilat issued 2.5 million shares at an average price of $15.45 per share in full satisfaction of that portion of the earn-out. A remaining bonus earn-out component capped at $9 million remains unchanged. Gilat reiterated its full-year 2026 outlook, forecasting revenue of $500 million to $520 million and adjusted EBITDA of $61 million to $66 million. Benyamini said the guidance reflects the company’s backlog and visibility, while Sfadia said demand across core markets continues to develop favorably. Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company's core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent. Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Gilat Satellite Networks Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.