Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q2 2025 Earnings Conference Call August 6, 2025 9:30 AM ET Company Participants Adi Sfadia - Chief Executive Officer Gil Benyamini - Chief Financial Officer Conference Call Participants Christopher David Quilty - Quilty Space Inc., Research Division Gunther Karger - Discovery Group Inc. Michael Louie D DiPalma - William Blair & Company L.L.C.
Macro uncertainty remains a concern, but growing global connectivity needs could drive prospects for the Zacks Satellite and Communication industry participants like GSAT, IRDM and GILT.
This stock missed the most recent earnings but the stock has moved higher as the space industry remains hot.
Gilat's sidewinder antennas are seeing great reception from big IFC providers like Intelsat and Panasonic. The company is working with Boeing to enable line-fit installation of these units. The commercial segment remains the dominant and a high revenue driver for Gilat, while management targets adjacent markets to expand the client base. I believe that the market hasn't fully priced in these growth drivers, and I expect the stock to trade close to fair value once these drivers fully get recognized.
Gilat lands $27M in new ESA terminal orders as its Stellar Blu platform gains traction across aviation markets.
GILT's Q1 2025 top line soars 21% year over year, driven by steady business momentum and acquisition tailwinds amid higher costs and geopolitical challenges.
Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q1 2025 Earnings Conference Call May 19, 2025 9:00 AM ET Company Participants Alex Villalta - Vice President, Alliance Advisors IR Adi Sfadia - Chief Executive Officer Gil Benyamini - Chief Financial Officer Conference Call Participants Louie DiPalma - William Blair Ryan Koontz - Needham & Company Sergey Glinyanov - Freedom Brokers Chris Quilty - Quilty Analytics Omri Efroni - Oppenheimer Gunther Karger - Discovery Group Operator Ladies and gentlemen, thank you for standing by.
Gilat Satellite (GILT) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.11 per share a year ago.
GILT's Q1 2025 performance is likely to have benefited from a surge in defense deals, momentum in its IFC business and steady gains from acquisition synergies.
Macro uncertainty remains a concern for the Zacks Satellite and Communication industry participants like IRDM, GSAT and GILT. Growing global connectivity needs could drive prospects in the long term.
It has been a rough start to the year for the tech sector, as companies have been hit hard by tariffs, trade tensions with China that have axed the flow of essential rare earth metals to the United States, and more. The benchmark Technology Select Sector SPDR Fund NYSEARCA: XLK, a broad proxy for the entire sector, has plunged by about 10% year-to-date (YTD) while the S&P 500 has fallen by only 5% overall during the same period.
GILT is gaining from strong strategic initiatives and recent defense deals, but intense competition poses a concern.