Viasat reported revenue of approximately $1.180 billion for the quarter ended September 30, 2026, an increase of 3% from the comparable period a year earlier. The company’s defense and advanced technologies business expanded, and its larger communication services business recorded lower revenue and operating profit.
The company’s quarterly financial filing shows how those movements combined in the second quarter of fiscal 2027. Defense and advanced technologies revenue rose 20% to $365.5 million. Communication services revenue declined 3% to $814.5 million. Viasat reported a net loss attributable to the company of $128.7 million.
The results show two distinct activities within the same company. Viasat sells communications services supported by satellite and ground infrastructure, and it supplies defense-related technologies and products. Growth in one business can offset part of a decline in the other without producing the same movement in profitability.
Defense Products Expand the Revenue Mix
Within defense and advanced technologies, information security revenue increased to approximately $121 million from $95 million in the comparable quarter. Tactical networking revenue rose to approximately $97 million from $74 million. Space and mission systems revenue increased to approximately $81 million from $78 million.
These categories connect Viasat to different purchasing activities. Information security products support protected communications and data handling. Tactical networking connects users and systems in operational environments. Space and mission systems contribute equipment and capabilities associated with spacecraft and mission infrastructure.
The category results explain the defense segment’s growth more specifically than a company-wide revenue figure. Information security and tactical networking accounted for substantial increases, with a smaller increase in space and mission systems.
Viasat’s combination of equipment, technology, and recurring connectivity services also illustrates the distinctions described in New Space Economy’s coverage of commercial space business models. Companies can participate in the space economy through several revenue streams, including products sold to institutions and services delivered over operating networks.
Communications Revenue and Profit Move Differently
Communication services remained Viasat’s larger reported segment, generating $814.5 million during the quarter. Its operating profit declined to $23.5 million from $71.4 million a year earlier, a decrease of approximately 67%.
The difference between the revenue and profit movements is substantial. Revenue declined 3%, but operating profit fell much more sharply. Revenue measures the segment’s sales; operating profit reflects the result after the operating expenses assigned to that segment.
Viasat’s shareholder letter presents these results alongside the company’s business developments. The quarter’s figures describe completed financial performance for the reporting period. Separate announcements concerning new satellite infrastructure describe planned activities and funding arrangements.
Equatys Adds a Planned Shared Infrastructure Business
In September 2026, Viasat and Space42 announced a binding agreement to establish Equatys. The planned company would provide shared space and ground infrastructure for direct-to-device and mobile satellite services.
The announced structure includes initial equity commitments of $400 million from each company upon formation. Space42 anticipates contributing an additional $200 million tied to a future funding round, bringing the described combined funding to as much as $1 billion. Formation is subject to the agreement’s stated closing conditions.
The arrangement separates infrastructure provision from the services that participating operators can deliver using it. Shared spacecraft and ground systems can support several service relationships, with operators combining infrastructure access and their own customer offerings.
On October 28, 2026, Viasat announced a further connection through a memorandum of understanding with Terrestar. The announcement describes plans for Terrestar’s CaStar system to interoperate with the Equatys architecture.
That planned relationship extends the infrastructure concept to a Canadian satellite operator. It places the proposed interoperability work alongside Viasat’s existing communications operations and the defense products that contributed to its reported quarterly revenue growth.
