GILT's Q2 earnings call spotlights a stronger second half for Defense, record IFC terminal deliveries and the Comtech deal's scale potential.
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.
Gilat Satellite Networks Ltd. (GILT) Q2 2026 Earnings Call Transcript
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.
GILT heads into Q2 earnings with defense and in-flight connectivity momentum, major orders and a planned acquisition, but execution risks remain in focus.
Amid macroeconomic volatility, steady global connectivity bodes well for Zacks Satellite and Communication industry participants, such as GILT, TSAT and SATL.
Gilat's $157.5M deal for CMTL's Satellite & Space Communications unit could expand its defense reach, tech capabilities and market access.
Gilat (GILT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SpaceX has officially filed its S-1 prospectus with the SEC, confirming plans to list on the Nasdaq under the ticker SPCX, with pricing expected on June 11 and public trading beginning as early as June 12, 2026. The offering aims to raise up to $75 billion at a valuation of approximately $1.75 trillion, which would make it the largest IPO in Wall Street history.
Gilat Satellite Networks Ltd. (GILT) Q1 2026 Earnings Call Transcript
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.
Gilat Satellite (GILT) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.03 per share a year ago.