Core Insights - Gilat Satellite Networks Ltd. reported strong financial results for Q4 and full year 2025, with significant revenue growth and improved profitability metrics [1][5][6]. Q4 Financial Highlights - Q4 2025 revenue reached $137.0 million, a 75% increase from $78.1 million in Q4 2024 [6]. - GAAP operating income for Q4 was $13.0 million, slightly up from $12.8 million in Q4 2024 [6]. - Adjusted EBITDA for Q4 was $18.2 million, reflecting a 50% increase compared to $12.1 million in Q4 2024 [6]. Full Year Financial Highlights - Total revenue for 2025 was $451.7 million, up 48% from $305.4 million in 2024 [6]. - GAAP operating income for the full year was $23.4 million, down from $27.7 million in 2024 [6]. - Adjusted EBITDA for 2025 reached a record $53.2 million, a 26% increase from $42.2 million in 2024 [6]. Forward-Looking Expectations - Management expects 2026 revenue to be between $500 million and $520 million, indicating a growth rate of approximately 13% at the midpoint [4]. - Adjusted EBITDA for 2026 is projected to be between $61 million and $66 million, representing a growth rate of approximately 19% at the midpoint [4]. Management Commentary - CEO Adi Sfadia highlighted strong execution across the company, driven by growth in Defense, In-Flight Connectivity (IFC), and advanced multi-orbit solutions [5][7]. - The company achieved notable milestones in the Defense Division, including the introduction of an Earth Observation solution [5][7]. Recent Announcements - Gilat secured several significant orders, including over $10 million for LEO constellation support and approximately $11 million for its SkyEdge platform [10]. - The company announced an oversubscribed private placement of $100 million to institutional and accredited investors [10].

Financial Performance - Q4 2025 revenue reached $137.0 million, a 75% increase from $78.1 million in Q4 2024[9] - GAAP operating income for Q4 2025 was $13.0 million, slightly up from $12.8 million in Q4 2024[9] - Full year 2025 revenue totaled $451.7 million, up 48% from $305.4 million in 2024[13] - Adjusted EBITDA for Q4 2025 was $18.2 million, a 50% increase compared to $12.1 million in Q4 2024[9] - The company reported a GAAP net income of $20.7 million for the full year 2025, down from $24.8 million in 2024[13] - Total revenues for the twelve months ended December 31, 2025, increased to $451,657,000, up 47.8% from $305,448,000 in 2024[25] - Gross profit for the same period was $133,344,000, representing a gross margin of 29.5%, compared to $113,331,000 in 2024[25] - Net income for the twelve months ended December 31, 2025, was $20,723,000, a decrease of 16.5% from $24,849,000 in 2024[29] - Basic earnings per share for the twelve months ended December 31, 2025, was $0.35, down from $0.44 in 2024[25] - Adjusted EBITDA for the twelve months ended December 31, 2025, was $53,171,000, an increase of 25.9% from $42,247,000 in 2024[30] Revenue Segmentation - Commercial segment revenues for the twelve months ended December 31, 2025, were $281,352,000, up from $155,344,000 in 2024[31] - Defense segment revenues for the same period were $100,430,000, compared to $97,755,000 in 2024[31] Expenses and Liabilities - Research and development expenses for the twelve months ended December 31, 2025, were $46,651,000, an increase from $38,136,000 in 2024[25] - Operating income for the twelve months ended December 31, 2025, was $23,440,000, down from $27,697,000 in 2024[25] - Total operating expenses for the twelve months ended December 31, 2025, were $109,904,000, compared to $85,634,000 in 2024[25] - Total current liabilities rose significantly to $209,850 in 2025 compared to $101,436 in 2024, marking an increase of about 106.7%[33] Cash and Assets - The company has over $183 million in net cash, allowing for exploration of additional growth opportunities[12] - Total current assets increased to $385,555 in 2025 from $356,316 in 2024, representing an increase of approximately 8.2%[32] - Total assets reached $740,427 in 2025, up from $429,748 in 2024, indicating an increase of around 72.3%[33] - Cash, cash equivalents, and restricted cash at the end of the period increased to $168,995 thousand from $120,249 thousand at the beginning of the period, reflecting a growth of 40.4%[34] Growth Projections - Management expects 2026 revenue guidance of $500 to $520 million, indicating approximately 13% growth at the midpoint[11] - Adjusted EBITDA for 2026 is projected to be between $61 to $66 million, representing a growth rate of approximately 19% at the midpoint[11] Customer and Market Developments - Gilat's Defense Division expanded its customer base and introduced an Earth Observation solution[12] - Recent orders include over $10 million for LEO constellation support and approximately $11 million for the SkyEdge platform from a leading satellite operator in Asia Pacific[16] Shareholder Equity and Deficits - Shareholders' equity improved to $500,278 in 2025 from $304,435 in 2024, reflecting a growth of approximately 64.3%[33] - The accumulated deficit decreased to $614,749 in 2025 from $635,472 in 2024, showing an improvement of approximately 3.3%[33] Cash Flow and Investments - Cash flows from operating activities provided $20,675 thousand, down from $31,669 thousand in the previous year, indicating a decline of 34.8%[34] - Net cash used in investing activities totaled $136,366 thousand, primarily due to the acquisition of a subsidiary, net of cash acquired, amounting to $104,943 thousand[34] - Financing activities generated $163,196 thousand, largely from the proceeds of a private placement of ordinary shares amounting to $164,060 thousand[34] Other Financial Metrics - The company incurred depreciation and amortization expenses of $23,651 thousand, which is an increase from $13,554 thousand in the previous year[34] - Stock-based compensation expenses rose to $8,420 thousand, compared to $6,726 thousand in the prior year, marking an increase of 25.2%[34] - The effect of exchange rate changes on cash and cash equivalents resulted in an increase of $1,241 thousand during the period[34]

Leading the Multi-Orbit Revolution Investor Presentation February 2026 Gilat Proprietary and Confidential Gilat Proprietary and Confidential 3 Forward Looking Statements Disclaimer Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward- looking statements involv ...

Powerstream enables high-power, high-efficiency Ka-band amplification for large-scale LEO, MEO & GEO gateway deploymentsPETAH TIKVA, Israel, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it has received an order for over $10 million from a leading ground gateway antenna provider to support the continued rollout of ground infrastructure for a leading Low Earth Orb ...

Group 1 - Gilat Satellite Networks (GILT), a small satellite broadband solutions provider from Israel, has seen its stock price increase by approximately 200% over the past year, raising concerns among investors about its future upside potential [1] - The article highlights Mr. Arunangshu Das, a software engineer and active investor, who is developing Tranzoro Investments to bridge the gap between US and Indian markets, focusing on liquid and well-known India-focused ETFs and ADRs, while also covering various US equities, ETFs, and REITs [1]

Core Insights - Gilat Satellite Networks Ltd. is a leading provider of satellite-based broadband communications with over 35 years of experience in the industry [1][2] - The company will be participating in the Oppenheimer 11th Annual Emerging Growth Conference and the TD Cowen 47th Annual Aerospace & Defense Conference [1] - Gilat offers a comprehensive portfolio of integrated solutions, including software-defined platforms, high-performance satellite terminals, and advanced antennas for both commercial and defense markets [2][3] Company Overview - Gilat specializes in satellite networking technology, solutions, and services, focusing on critical connectivity across commercial and defense applications [1] - The company operates through its subsidiaries, including Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, providing high-value solutions that support multi-orbit constellations and Very High Throughput Satellites (VHTS) [2] - Gilat's products cater to various applications, including government and defense, in-flight connectivity, mobility, cellular backhaul, and critical infrastructure [3] Upcoming Events - The company will hold one-on-one and small group meetings virtually on February 3, 2026, with Mr. Gil Benyamini, Chief Financial Officer [5] - A presentation will take place on February 11-12, 2026, in Arlington, VA, featuring Mr. Adi Sfadia, Chief Executive Officer, and Mr. Gil Benyamini [5]

Core Insights - Gilat Satellite Networks Ltd. has received a multimillion-dollar order from a large global avionics company for its Sidewinder electronically steered antenna terminals, with deliveries expected within the next six months [1][2]. Group 1: Product and Technology - The Sidewinder ESA platform is gaining momentum in the inflight connectivity market, driven by demand for advanced solutions that offer high performance in a lightweight configuration [2][4]. - Sidewinder ESA is designed for various aviation sectors, including commercial, business, VIP, government, and military, supporting high throughput satellite networks for reliable, high-speed connectivity [3][4]. - The technology features electronic beam steering, which enhances satellite acquisition speed, reliability, and reduces maintenance compared to traditional mechanically steered antennas [3]. Group 2: Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite and ground connectivity [4][5]. - The company offers a comprehensive portfolio that includes software-defined platforms, high-performance satellite terminals, and advanced antennas, catering to both commercial and defense markets [5][6]. - Gilat's products support multiple applications, including government and defense, inflight connectivity, cellular backhaul, and critical infrastructure, while adhering to stringent service level requirements [6].

Core Viewpoint - Gilat Satellite Networks Ltd. will release its fourth quarter and full year 2025 financial results on February 10, 2026, highlighting its ongoing commitment to transparency and communication with stakeholders [1]. Group 1: Financial Results Announcement - The financial results for the fourth quarter and full year 2025 will be announced on February 10, 2026 [1]. - A conference call will be held on the same day to discuss the results, featuring CEO Adi Sfadia and CFO Gil Benyamini [2]. Group 2: Company Overview - Gilat Satellite Networks is a leading global provider of satellite-based broadband communications with over 35 years of experience [3]. - The company develops technology solutions for satellite, ground, and new space connectivity, focusing on critical connectivity for commercial and defense applications [3]. Group 3: Product and Service Offerings - Gilat offers integrated solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) through its various divisions [4]. - The product portfolio includes software-defined platforms, high-performance satellite terminals, and advanced antennas, catering to both commercial and defense markets [4][5].

Core Insights - Gilat Satellite Networks Ltd. (GILT) has secured an $11 million contract from a leading satellite operator in the Asia Pacific region for its SkyEdge platform, indicating its growing capabilities in next-generation satellite infrastructure [2][11] - The SkyEdge IV platform is designed to support various satellite applications, delivering higher capacity and lower costs while enabling a transition to cloud-based networks and 5G NTN [3][4] - Gilat's recent performance shows a 58% increase in quarterly revenues, leading to an upward revision of its 2025 financial outlook, with expected revenues between $445 million and $455 million [7][8] Contract and Product Details - The contract involves the deployment of the SkyEdge IV platform for Very High Throughput Satellites (VHTS), with deliveries anticipated over the next 12 months [2][11] - The SkyEdge IV platform was selected for its high-capacity performance, flexibility, and scalability, which are crucial for VHTS networks that require simultaneous support for multiple applications [4][11] Market Position and Growth Potential - Gilat is addressing a broad range of commercial markets, including in-flight connectivity, maritime, and enterprise networks, with a projected expansion of its addressable equipment market through 2028 [6] - The company has raised its adjusted EBITDA guidance to $51 million to $53 million, reflecting a 23% year-over-year increase at the midpoint [9]

Core Insights - Gilat Satellite Networks Ltd. has secured an approximately $11 million contract for its SkyEdge platform from a leading satellite operator in the Asia Pacific region, aimed at delivering services over Very High Throughput Satellites (VHTS) [1][2][3] - The SkyEdge platform was chosen for its high-capacity network performance, flexibility for diverse service profiles, and scalability to meet evolving market demands [2][3] - The deployment will enhance the operator's ability to provide advanced mobility services while optimizing the use of its VHTS satellite assets [2][3] Company Overview - Gilat Satellite Networks Ltd. is a prominent global provider of satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite and ground connectivity [4][5] - The company offers a comprehensive portfolio that includes software-defined platforms, high-performance satellite terminals, and integrated ground systems for both commercial and defense markets [5][6] - Gilat's products support various applications, including government and defense, mobility, cellular backhaul, and critical infrastructure, while adhering to stringent service level requirements [6]