AMZN
GILT
Earnings day, but make it messy
Gilat Satellite Networks came in swinging on profits, with adjusted EPS at 18 cents versus the 4-cent consensus. Nice. But the market is not a simple soul, and it fixated on the other half of the report: revenue of $110.47 million missed expectations of $114.56 million, and the stock got smacked down more than 22% intraday.
The contract pile keeps getting taller
This wasn’t just an earnings print, though. Gilat also landed a string of fresh deals that reinforce why investors keep watching this name:
- more than $7 million in orders for its EnduroStream solution tied to the U.S. Department of Defense
- about $6 million supporting U.S. Army global communications operations
- a contract worth more than $16 million to supply SATCOM systems to a European Ministry of Defense
- a multimillion-dollar partnership with Nelco in India to deploy SkyEdge IV
- a multimillion-dollar in-flight connectivity order, plus $39 million in orders for Sidewinder ESA terminals
That’s a lot of military and mobility fuel for the pipeline. The takeaway: Gilat is clearly winning business, especially in defense and global connectivity, even if the top line didn’t fully flex this quarter.
Guidance is the “don’t panic yet” part
The company held its fiscal 2026 revenue guidance at $500 million to $520 million and kept adjusted EBITDA guidance at $61 million to $66 million. In other words, management is basically telling you: yes, this quarter was a little bumpy, but the year still has a map.
Big picture
The earnings miss on revenue is what hit the stock, but the contract wins suggest Gilat is still elbowing its way into defense and next-gen connectivity markets. If you’re watching this one, the real question isn’t whether it can land deals — it’s whether those deals can keep turning into smoother, more predictable revenue.