Gilat Satellite Networks revised its 2026 outlook on November 10 after satellite deployment delays, changes to aircraft-terminal deliveries, and later agreements in Peru shifted expected revenue. The company now forecasts annual revenue of $455 million to $475 million and adjusted earnings before interest, taxes, depreciation, and amortization of $61 million to $63 million.
In its third-quarter results, Gilat reported $116.2 million in revenue for the three months ended September 30, compared with $117.7 million a year earlier. Operating income rose to $7.9 million from $7.5 million. All financial amounts are in U.S. dollars.
Chief Executive Adi Sfadia attributed some deferred network-equipment orders to development and launch delays affecting satellites in low Earth and geostationary orbits. He also said Gilat rescheduled certain in-flight connectivity terminal deliveries during commercial negotiations, and that later-than-expected agreements in Peru moved some revenue into 2027.
Ground Equipment Connects Satellites to Users
Satellite communications depend on equipment at both ends of the radio link. Gilat supplies network platforms, modems, antennas, amplifiers, and integrated ground systems for commercial and defense customers. Its products support fixed installations and mobile users, including aircraft.
A very small aperture terminal, usually called a VSAT, combines an antenna and radio equipment with a modem. The antenna sends and receives radio signals. The modem converts digital information into signals suitable for transmission and recovers information from incoming signals.
A network hub connects satellite traffic to terrestrial networks and manages resources shared among terminals. Aircraft installations add antennas capable of maintaining the satellite connection as the aircraft moves. These ground and airborne components are the equipment whose delivery and ordering schedules Gilat discussed in its earnings announcement.
Peru Contract Includes Construction and Operation
Gilat’s work in Peru includes operating regional communications networks as well as supplying equipment. On October 5, its Peruvian subsidiary announced a $28 million agreement with Pronatel, Peru’s national telecommunications program, to upgrade broadband connectivity in the Ica region.
The company expects construction to finish by mid-2027, followed by seven years of operation. The project covers 116 public institutions and free Wi-Fi access in 30 public squares. Gilat said the planned upgrade would provide internet speeds 20 times those then available at the participating institutions.
Ica is the fifth Peruvian region included in the company’s broadband upgrades since 2025. The construction period and subsequent operating phase make this a multiyear service commitment, with facilities serving education, healthcare, and public-safety activities.
Comtech Agreement Adds Defense Communications
Gilat’s June 15 acquisition agreement covers most of Comtech Telecommunications’ Satellite & Space Communications segment for $157.5 million in cash, subject to working-capital adjustments. The agreement mainly excludes the segment’s Cyber and Services business line.
The acquired operations would add radio-frequency technology, space electronics, and troposcatter communications. Troposcatter systems transmit beyond the visible horizon by using radio energy scattered in the lower atmosphere. The business also supplies ground infrastructure for satellites in low, medium, and geostationary orbits and engineering services for spacecraft and launch vehicles.
Gilat said the transaction would expand its U.S. engineering and manufacturing presence. The acquisition announcement reported adjusted revenue of $195.2 million for the business being acquired over the 12 months ended January 31, 2026, using adjustments described by the companies.
Gilat reported 53% year-over-year growth in its defense segment during the third quarter. Management said the Comtech transaction remained expected to close by the end of 2026, subject to closing conditions.
As an Amazon Associate we earn from qualifying purchases.
Useful Books Available on Amazon
