Viasat, Inc. ( VSAT ) Q2 2026 Earnings Call November 7, 2025 5:30 PM EST Company Participants Lisa Curran - Vice President of Investor Relations Mark Dankberg - Co-Founder, Chairman & CEO Garrett Chase - Senior VP & CFO Shawn Duffy - Senior VP & Chief Accounting Officer Conference Call Participants Brent Penter - Raymond James & Associates, Inc., Research Division Sebastiano Petti - JPMorgan Chase & Co, Research Division Michael Crawford - B. Riley Securities, Inc., Research Division Ryan Koontz - Needham & Company, LLC, Research Division Colin Canfield - Cantor Fitzgerald & Co., Research Division Xin Yu - Deutsche Bank AG, Research Division Presentation Operator Hello, and thank you for standing by.
VSAT's Q2 results hinge on defense gains, new tech launches and broadband breakthroughs to offset communication softness.
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ViaSat (VSAT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Does ViaSat (VSAT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Viasat looks undervalued compared to peers, yet current cash flow remains weak, due to heavy capex commitments and high leverage. Revenue mix is shifting toward recurring aviation and defense services, improving predictability, though growth still depends on flawless program execution. Sustained free cash flow and debt reduction are critical for a re-rating, but volatility will persist until satellite investments normalize.
I project continued EBITDA growth for VSAT, albeit at a slower pace than the past decade, reflecting sector headwinds and analyst expectations. Despite high debt, my conservative DCF model and peer comparisons suggest VSAT is undervalued relative to its sector, with upside potential. Valuation scenarios using 8x and 11x EV/EBITDA multiples yield target prices of $37 and $63 per share, both above current market levels.
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VSAT launches HaloNet, a modular multi-orbit network uniting space and ground systems for secure, real-time mission connectivity.
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