FORM 6 – K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report on Foreign Issuer Pursuant to Rule 13a – 16 or 15d – 16 of the Securities Exchange Act of 1934 Form 20-F ☒ Form 40-F ☐ Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒ For the Month of March, 2025 Gilat Satellite Networks Ltd. (Translation of R ...

Company Overview - Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications with over 35 years of experience [3] - The company develops and delivers technology solutions for satellite, ground, and new space connectivity, focusing on critical connectivity across commercial and defense applications [3][4] Financial Reporting - Gilat has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, containing audited consolidated financial statements for the year ended December 31, 2024 [1] - The annual report will be available on the Gilat website, and shareholders can request a hard copy free of charge [2] Product and Service Offerings - The company offers integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) through its Commercial and Defense Divisions [4] - Gilat's product portfolio includes a cloud-based platform, high-performance satellite terminals, advanced antennas, Solid State Power Amplifiers (SSPA), Block Upconverters (BUC), integrated ground systems, field services, network management software, and cybersecurity services [4][5] Market Applications - Gilat's products and tailored solutions support various applications, including government and defense, in-flight connectivity (IFC), mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure [5]

Acquisitions and Business Expansion - The company completed the acquisition of Stellar Blu Solutions LLC for an initial cash payment of $98 million, with potential additional payments of up to $147 million based on future performance milestones[16]. - The acquisition of DataPath in 2023 enhances the company’s capabilities in providing secure, rapid-deployment solutions for military organizations[25]. - The acquisition of DataPath, a U.S. based expert systems integrator, was completed in November 2023, which may subject its operations to Foreign Ownership, Control, or Influence (FOCI) mitigation measures[59]. - The acquisition of SBS was partly funded by $50 million from available cash and $60 million from a new secured credit line, which may restrict the usage of available cash due to financial covenants[43]. - The acquisition of Stellar Blu Solutions LLC was finalized on January 6, 2025, with an initial cash payment of $98 million, potentially increasing by up to an additional $147 million based on future performance milestones[144]. - Sidewinder, acquired in January 2025, is a full ESA terminal solution optimized for multi-orbit services, already selected by major airlines[205]. Market Segments and Operations - The company operates in three segments: Gilat Defense Division, Gilat Commercial Division, and Gilat Peru Division, focusing on defense, broadband satellite communication networks, and large-scale network projects respectively[25]. - The company aims to increase its focus on the defense market and In-Flight Connectivity (IFC) sector as primary growth engines starting January 1, 2025[20]. - The company provides connectivity services, internet access, and telephony to enterprise, government, and residential customers, with significant operations in the U.S., Peru, and Israel, contributing 48%, 17%, and 5% of revenues respectively[150]. - The company has a global presence with products sold in over 100 countries and maintains a two-tier customer support program through 16 sales and service offices worldwide[176]. - The company operates three network operations centers and R&D centers in Israel, the U.S., and Europe, supporting its global service delivery[141]. Financial Performance and Revenue - The company’s financial statements are prepared in accordance with U.S. GAAP, with all references to dollars being in U.S. dollars[23]. - In 2024, a significant portion of the company's revenue was derived from major customers, with sales to PRONATEL accounting for approximately 15%, a major European satellite telecommunications customer for 12%, and a major U.S. customer for 11%[35]. - The PRONATEL Regional Projects have a total contractual value of $549 million, with expected revenue generation over a period of 14-16 years[36]. - The company's cash balance as of December 31, 2024, was $120.2 million, an increase from $104.8 million in 2023, with positive cash flow from operating activities of approximately $31.7 million in 2024[42]. - In the year ended December 31, 2024, approximately 63% of the company's revenues were derived from product sales and 37% from services[150]. - The company has diversified revenue streams, with significant contributions from both product sales and service offerings across various global markets[150]. Competition and Market Challenges - Starlink had over 4.6 million active customers by the end of 2024, posing a competitive threat to traditional internet service providers[46]. - Amazon's Project Kuiper plans to launch its global commercial service in 2027, deploying over 3,000 satellites, which could further intensify competition in the satellite communications market[47]. - The company faces intense competition in the network communications industry, with principal competitors including Hughes Network Systems, ViaSat, and Comtech, which may affect market share and pricing strategies[67]. - The lengthy sales cycles may negatively impact operating results if forecasted sales are delayed or do not occur, complicating revenue forecasting[71]. - The company faces risks related to the political and economic climate in Latin America, particularly concerning contracts with governmental agencies, which could lead to significant adverse impacts on operations[51]. Risks and Compliance - Non-compliance with the General Data Protection Regulation (GDPR) could result in monetary penalties of up to 4% of worldwide revenue, significantly impacting the company's financial condition[58]. - The company is subject to ongoing tax examinations and audits, which may result in additional tax liabilities and affect cash flows[64]. - The company does not have sufficient insurance coverage for all business risks, which could lead to significant costs from liabilities not covered by insurance[65]. - The company faces risks related to international operations, including changes in foreign regulations, political instability, and inflation, which could adversely affect operations and profitability[92]. - The company has been awarded large-scale projects that require significant upfront investments, and losing a small number of bids could adversely affect operating results[50]. Innovation and Technology - The company has R&D centers in Israel, the U.S., and Europe, supporting the development of advanced satellite communication technologies[17]. - The company holds a portfolio of 68 issued patents related to its VSAT and other systems, indicating a strong focus on innovation and technology leadership[142]. - The SkyEdge IV system, launched in early 2022, is designed for Very High Throughput Satellites (VHTS) and Non-Geostationary Satellite Orbit (NGSO) constellations, providing high performance and space segment efficiency[175]. - The company aims to expand its presence in the In-Flight Connectivity (IFC) market, focusing on developing advanced airborne BUCs and transceivers following the acquisition of SBS[186]. - The demand for lightweight, low-profile antenna systems is anticipated to increase, particularly for applications in commercial and government/defense segments[164]. Shareholder and Market Dynamics - The company's share price has experienced significant volatility, trading between $4.07 and $7.78 from January 2, 2024, to March 19, 2025[115]. - Operating results may vary significantly from quarter to quarter, contributing to share price volatility and investor uncertainty[116]. - The largest shareholder, Phoenix Holdings Ltd., owns approximately 18.56% of the company's outstanding ordinary shares, which may impact merger opportunities and share price volatility[123]. - The company may be classified as a passive foreign investment company (PFIC) in the future, which could adversely affect U.S. investors' after-tax returns and share value[118]. - The company filed a shelf registration statement in July 2022 for the issuance and sale of up to $150 million of ordinary shares and other securities, which may lead to market price dilution[121].

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, with value investing being a popular method for finding great stocks in any market environment [1] - The Style Scores system helps investors find stocks with specific traits, particularly in the "Value" category, where stocks with high Zacks Ranks and "A" grades for Value are considered high-quality [2] - Gilat Satellite Networks (GILT) currently has a Zacks Rank of 2 (Buy) and an A grade for Value, making it a notable pick for value investors [2] Group 2 - The P/S ratio, which is calculated by dividing a stock's price by its revenue, is frequently used by value investors as sales are harder to manipulate, providing a more accurate performance indicator [3] - GILT has a P/S ratio of 1.23, which is lower than the industry's average P/S of 1.5, indicating potential undervaluation [3] - GILT's P/CF ratio is 9.95, significantly lower than the industry's average P/CF of 29.05, suggesting it may be undervalued based on its cash flow outlook [4] Group 3 - The metrics indicate that Gilat Satellite Networks is likely undervalued, and considering its strong earnings outlook, it is viewed as a great value stock at the moment [5]

Core Insights - Gilat Satellite Networks Ltd. (GILT) has secured a $6 million contract for its SkyEdge II-c satellite communications platform from a military organization in the Asia-Pacific region, enhancing its position in the defense sector [1][2] - The contract is set for delivery within three months and will support both fixed and mobile military operations, featuring advanced cybersecurity measures [2] - GILT's shares rose by 13.64% following the announcement, closing at $7.58 on March 5 [2] Company Developments - GILT is focusing on the emerging defense SATCOM market, which is expected to grow as military forces adopt next-generation satellite communication technologies [3] - In February 2025, GILT formed a new Defense Division to meet the increasing demand for secure government and military SATCOM solutions, consolidating expertise from various subsidiaries [4] - The company’s U.S.-based subsidiary, Gilat DataPath, secured contracts exceeding $5 million from the U.S. Department of Defense and international defense forces [6] Financial Performance - In the last reported quarter, GILT's net sales reached $78.1 million, a 3% increase year-over-year, driven by growth in the defense and in-flight connectivity sectors [7] - Management projects 2025 revenues between $415 million and $455 million, with adjusted EBITDA expected to range from $47 million to $53 million [7] - GILT has restructured its organization into three divisions effective January 1, 2025, to enhance focus on key markets and provide better insights into business opportunities [8] Market Position - GILT currently holds a Zacks Rank 2 (Buy) and has seen its shares surge 72.1% over the past six months, outperforming the Zacks Satellite and Communication industry's growth of 37.1% [9]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being under ...

Advanced Satellite Solution to Support Secure and Resilient Connectivity for Fixed and Mobility Defense OperationsPETAH TIKVA, Israel, March 05, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced its Defense Division secured an order valued at $6 million to provide the SkyEdge II-c platform to a military organization in the Asia-Pacific region. The advanced satellite communications ...

PETAH TIKVA, Israel, March 04, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services and Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium are proud to announce the appointment of Dubi Lever, Chief Technology Officer (CTO) at Gilat Satellite Networks, as the new Chair of the WAVE Board. Lever, who brings over 27 years of experience at Gilat, steps into this role with a clear vision for a ...

Shares of Gilat Satellite (GILT) have been struggling lately and have lost 6% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earn ...

Company Overview - Gilat Satellite (GILT) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12] - The company operates in the satellite broadband communications sector [4] Price Performance - GILT shares have increased by 11.5% over the past week, while the Zacks Satellite and Communication industry has decreased by 7.44% during the same period [6] - Over the past month, GILT's price change is 6.83%, outperforming the industry's 1.53% [6] - In the last quarter, GILT shares rose by 20.69%, and over the past year, they increased by 24.36%, compared to the S&P 500's performance of -0.17% and 18.49%, respectively [7] Trading Volume - GILT's average 20-day trading volume is 524,052 shares, which serves as a price-to-volume baseline [8] Earnings Estimates - In the past two months, one earnings estimate for GILT has moved higher, while none have moved lower, increasing the consensus estimate from $0.47 to $0.50 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]