What were the key takeaways from Gilat Satellite Networks’s earnings call?

What were the key takeaways from Gilat Satellite Networks's earnings call?

Did Gilat Satellite Networks beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Gilat Satellite Networks year over year?

What is the market's earnings forecast for Gilat Satellite Networks next quarter?

What factors drove the changes in Gilat Satellite Networks's revenue and profit?

What is Gilat Satellite Networks's latest dividend and current dividend yield?

What is Gilat Satellite Networks's gross profit margin?

- **Revenue Surge**: Q4 2025 revenue up 75% YoY to $137 million, driven by Defense and Commercial orders. 
- **Defense Expansion**: $10 million Earth Observation win and 35% YoY booking growth. 
- **Commercial Momentum**: SkyEdge IV orders +42 million, IFC terminals ramping up. 
- **Peru Digitalization**: $85 million network upgrades, 2026 RFP pipeline. 
- **Financial Strength**: $185 million cash, 2026 EBITDA guidance $61-66 million. 
- **Strategic Moves**: Defense M&A focus, 5G NTN and LEO satellite investments. 
- **IFC Leadership**: 420+ aircraft with ESA terminals, 1 million weekly passengers served. 


**【CEO Summary Section】**
- **Q4 2025 Revenue**: $137 million (75% YoY growth), full year $451.7 million (48% YoY growth). Adjusted EBITDA reached $18.2 million (50% YoY growth) in Q4 and $53.2 million annually (26% YoY growth). 
- **Defense Segment**: Secured $10 million Earth Observation order and expanded in Israel. Defense bookings up 35% YoY, with pipeline visibility for 2026. 
- **Commercial Segment**: $42 million SkyEdge IV order and $16 million Wavestream gateway orders. Stellar Blu integrated, delivering 190 terminals in Q4. 
- **Peru Segment**: $85 million in regional network upgrades, with follow-on RFPs expected in 2026. 
- **2026 Guidance**: Revenue $500-520 million (13% YoY growth), EBITDA $61-66 million (19% YoY growth). 
- **Strategic Moves**: M&A focus on Defense, 5G NTN capabilities, and $100 million equity raise in Q4 2025.

**【CFO Financial Commentary】**
- **GAAP Results**: Q4 net income $8.8 million (-27% YoY), driven by higher financing costs. Full year net income $30.6 million. 
- **Non-GAAP Results**: Q4 EPS $0.20 (13% YoY growth), operating cash flow $21 million. 
- **Balance Sheet**: $185.4 million cash post-$166 million equity raise, reducing DSO to 88 days. 
- **Segment Breakdown**: Commercial ($75.1M, 103% YoY), Defense ($33.3M, 14% YoY), Peru ($28.5M, 143% YoY). 
- **Margin Trends**: Gross margin 28% (down 12pts YoY due to Stellar Blu integration). 

**【Q&A Highlights】**
- **Defense Visibility**: 50-60% of 2026 revenue in backlog, resilient to U.S. budget delays. 
- **IFC Linefit**: Boeing certification Q2 2026, Airbus in early stages. 
- **Peru Growth**: Shifting to operations phase, 2026 construction revenue down 11%. 
- **Stellar Blu**: 2025 revenue $127 million, 2026 unit deliveries to grow 10-20%. 
- **M&A Strategy**: Focus on Defense, $50-100 million accretive acquisitions. 
- **Sidewinder Terminal**: $7 million order for next-gen aircraft connectivity. 
- **ESR2030**: H2 2026 deliveries, targeting dual-beam capabilities. 


Gilat Satellite Networks Ltd. (GILT) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 2025 revenue up 58% YoY to $117.7 million, driven by Commercial (+116%) and Peru (+108%).
- **Order Momentum**: Secured $60 million Sidewinder orders and $42 million SkyEdge IV platforms, with production ramping to 70-80 units/month.
- **AI Integration**: AI-driven network management system to enhance operational efficiency.
- **Peru Expansion**: $85 million in new digital inclusion projects, supporting education, healthcare, and public safety.
- **Margin Outlook**: Stellar Blu gross margin expected to reach mid-30% by 2026 as line-fit production scales.

**【CEO Summary】**
- Q3 2025 revenue reached $117.7 million, up 58% YoY, driven by Commercial ($73 million, +116%) and Peru ($20.6 million, +108%).
- Secured $60 million in Sidewinder ESA terminal orders and $42 million for SkyEdge IV platforms, with production ramping up for 70-80 units/month by Q4.
- Peru awarded $85 million in new projects, expanding digital inclusion to schools, health centers, and public Wi-Fi.
- Full-year guidance updated to $445-455 million revenue (+47%) and $51-53 million EBITDA (+23%).
- AI integration into network management system to improve operational efficiency.

**【CFO Financial Commentary】**
- GAAP net income: $8.1 million (vs. $6.8 million Q3 2024); Non-GAAP EPS: $0.19 (vs. $0.14).
- Gross margin: 30% (GAAP) / 32% (non-GAAP), pressured by Stellar Blu production costs.
- Cash position: $155 million (vs. $5.5 million Q2 2025), supported by $66 million private placement.
- 2025 CapEx within planned range, with no material changes.

**【Q&A Highlights】**
- **Stellar Blu Margins**: Q4 2025 expected to turn profitable; 2026 gross margin target mid-30% as line-fit production scales.
- **Sidewinder Longevity**: Current model expected to last 3-5 years, with next-gen product in development.
- **Peru Pipeline**: $85 million in new awards, with additional RFPs anticipated post-election in 2026.
- **FX Impact**: No material effect in 2025; hedging in place for 2026 shekel/dollar exposure.
- **SkyEdge IV Applications**: 42% of orders for in-flight connectivity, 35% for fixed broadband, 23% for cellular backhaul.

Gilat Satellite Networks Ltd. (GILT) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 37% YoY to $105 million, driven by Stellar Blu and commercial wins.
- **Profitability**: Adjusted EBITDA up 17% to $11.8 million, with Stellar Blu losses narrowing 57% QoQ.
- **Strategic Wins**: $40M virtualized SkyEdge IV contract, $47M satellite operator orders, and $70M U.S. Army defense deal.
- **Guidance Update**: Narrowed to $435-$455M revenue (46% growth) and $50-$53M EBITDA (22% growth).
- **Stellar Blu Margins**: Expected improvement in H2 2025 as production ramps and internal components reduce costs.

**【CEO Summary Section】**
- Q2 2025 revenue reached $105 million, a 37% year-over-year increase, driven by Stellar Blu's $36 million contribution and strong commercial wins.
- Adjusted EBITDA was $11.8 million, up 17% YoY, with Stellar Blu's losses narrowing to $1.5 million (from $3.5 million in Q1).
- Key wins include a $40 million virtualized SkyEdge IV contract, $47 million in Tier 1 satellite operator orders, and $27 million in Stellar Blu terminal orders.
- Defense division secured a $70 million U.S. Army contract and $8 million from the Israeli Ministry of Defense.
- Peru operations received $60 million in delayed orders, with additional RFPs expected.
- Full-year guidance updated to $435-$455 million revenue (46% YoY growth) and $50-$53 million EBITDA (22% YoY growth).

**【CFO Financial Commentary】**
- GAAP net income: $9.8 million ($0.17 EPS) vs. $1.3 million ($0.02 EPS) in Q2 2024.
- Non-GAAP EPS: $0.21 vs. $0.10 in Q2 2024, driven by cost control and Stellar Blu ramp-up.
- Gross margin: 30.4% (GAAP) and 32.9% (non-GAAP), down due to Stellar Blu production costs.
- Balance sheet: $65.4 million in cash, $100 million credit line utilized for Stellar Blu acquisition.
- DSO improved to 60 days (from 75 days in Q1).

**【Q&A Highlights】**
- **Stellar Blu Ramp-Up**: Third-quarter production improving, with internal component solutions nearing certification. Margins expected to improve in H2 2025.
- **Virtualized SkyEdge IV**: Software-only model offers 50%+ margins, with potential subscription-based revenue. Initial orders as CapEx, but recurring models in development.
- **Peru Orders**: $60 million in delayed orders to be fulfilled in H2 2025, with additional RFPs expected in Q3/Q4.
- **Defense Pipeline**: Active engagement across North America, Europe, and Asia-Pacific, with focus on mission-critical SATCOM solutions.
- **Balance Sheet**: No material changes expected, with advanced payments from Peru orders to positively impact Q3/Q4 cash flow.

Gilat Satellite Networks Ltd. (GILT) Q2 2025 Earnings Call Transcript

- **Revenue Beat**: Q1 $92M (+21% YoY), driven by Commercial (+56%) and Defense (+34%).
- **Stellar Blu Momentum**: 150+ aircraft installed, 70,000+ flight hours, $120-150M FY25 guidance with 10% EBITDA margin by H2.
- **Defense Strength**: $15M+ Q1 wins, European defense spending tailwinds, and 2025-26 growth pipeline.
- **Peru Stability**: $45-50M 2025 run rate expected, with Q3 hardware deliveries and delayed renewals.
- **LEO Leadership**: SkyEdge IV gateway orders and SSPA contracts with LEO providers.
- **Margin Focus**: Organic EBITDA up 20% YoY, FY25 EBITDA guidance $47-53M (+18% YoY).


**【CEO Opening Remarks】**
- Q1 2025 revenue reached $92 million, up 21% YoY, driven by Commercial segment (+56%) and Defense (+34%).
- Stellar Blu contributed $25M in Q1, with FY25 revenue guidance of $120-150M and 10% EBITDA margin target by H2.
- Defense wins include $5M US DoD contracts, $4M portable terminals, and $6M SkyEdge platform orders in Asia.
- Commercial momentum: 150+ aircraft with Sidewinder ESA installed, 70,000+ flight hours, and successful Panasonic certification.
- Peru challenges: delayed renewals and project approvals, but 2025 revenue expected to stabilize at $45-50M run rate.

**【CFO Financial Highlights】**
- GAAP net loss of $6M (-$0.10 EPS) vs. $5M ($0.09 EPS) in Q1 2024.
- Non-GAAP operating income $5.2M (-21% YoY) due to Stellar Blu integration costs.
- Adjusted EBITDA $7.6M (-18% YoY), but organic EBITDA (ex-Stellar) up 20% to $11.2M.
- FY25 guidance: $415-455M revenue (+42% YoY), $47-53M EBITDA (+18% YoY).
- Cash balance $64.3M post $60M Stellar Blu acquisition financing.

**【Q&A Key Takeaways】**
- **Defense Growth**: European defense spending trends expected to materialize in 2025-26. $23M Q1 Defense revenue reflects strong US and Asian demand.
- **Stellar Blu Production**: Targeting 100 units/month by Q3, with supply chain issues resolved. Line-fit certification with Boeing expected Q4 2025.
- **Peru Visibility**: 80%+ of FY25 guidance covered by backlog. Hardware deliveries ($7-8M) expected Q3, with project renewals pending Q2 resolution.
- **Sidewinder Expansion**: ISR/military version testing complete; production ramp for 2026 line-fit orders.
- **LEO Constellations**: SkyEdge IV gateway orders expected H2 2025; SSPA contracts with unnamed LEO provider.
- **Financial Discipline**: FY25 D&A ~$3.5M/Q1, stable with backlog amortization. EBITDA margin improvement focus for H2.


Gilat Satellite Networks Ltd. (GILT) Q1 2025 Earnings Call Transcript

- **2024 Growth Milestones**: 15% revenue rise, 16% EBITDA expansion, driven by Defense and IFC. 
- **2025 Ambitious Targets**: $415-455M revenue (+36-49%), $47-53M EBITDA (+11-25%). 
- **Strategic Investments**: Defense R&D up, Stellar Blu IFC leadership solidified. 
- **Risk & Reward**: Peru short-term headwinds, long-term digital inclusion play. 
- **Market Position**: ESA terminal SWaP efficiency leads IFC competition.

**【CEO Summary Section】**
- **2024 Financial Highlights**: Q4 revenue of $78.1 million, full year $305.4 million (+15% YoY). Adjusted EBITDA reached $12.1 million (Q4) and $42.2 million (full year, +16% YoY). 
- **New Organizational Structure**: Divided into Gilat Defense, Commercial, and Peru. Defense focuses on U.S. DoD and multi-orbit solutions; Commercial leverages Stellar Blu for IFC; Peru targets digital inclusion.
- **2025 Guidance**: Revenue $415-455 million, EBITDA $47-53 million. Defense R&D and sales investments expected to drive growth.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: GAAP net income $11.8 million (vs. $3.4 million), non-GAAP EPS $0.15 (vs. $0.11). Gross margin 40.4% (non-GAAP), up from 39.1% YoY. 
- **Full Year 2024**: Adjusted EBITDA $42.2 million (+16% YoY). Cash balance $118 million, up from $95 million YoY. 
- **2025 Outlook**: Revenue growth driven by Defense and IFC; EBITDA margin impacted by Stellar Blu ramp-up costs.

**【Q&A Key Points】**
- **Stellar Blu**: Q4 shipped 75 ESA terminals, 2025 orders $120-150 million. EBITDA positive in H2 2025. 
- **Defense Growth**: 2024 DataPath revenue ~$50 million, 2025 R&D/sales investments to target large DoD programs. 
- **Peru Market**: 2025 revenue decline due to contract delays, but long-term growth via telecom services. 
- **Competitive Edge**: Stellar Blu's multi-orbit ESA terminals lead in SWaP (size, weight, power) efficiency.

Gilat Satellite Networks (GILT)-12 Feb 25-2024 Q4 Earnings call transcript

Gilat Satellite Networks (GILT)-13 Nov 24-2024 Q3 Earnings call transcript

Gilat Satellite Networks (GILT)-7 Aug 24-2024 Q2 Earnings call transcript

Gilat Satellite Networks (GILT)-8 May 24-2024 Q1 Earnings call transcript

- **2023 Growth**: 11% revenue increase to $266.1 million, 44% EBITDA growth to $36.4 million.
- **2024 Outlook**: 18% revenue growth ($305-325 million), 15% EBITDA growth ($40-44 million).
- **Strategic Acquisitions**: DataPath to contribute >$45 million, expanding defense market presence.
- **LEO Momentum**: Competing for OneWeb and IRIS² programs with next-gen platforms.
- **Peru Expansion**: Amazonas network expansion to 35 new localities, 10-year service agreement.


**【CEO Summary Section】**
- **Q4 2023 Financials**: Revenue of $75.6 million, full-year 2023 revenue of $266.1 million (+11% YoY). Adjusted EBITDA of $9.4 million for Q4, full-year $36.4 million (+44% YoY).
- **Key Wins**: Secured $17 million expansion in Peru, defense contracts for SkyEdge IV systems, and DataPath bookings of $20 million post-acquisition.
- **2024 Guidance**: Revenue $305-325 million (+18% YoY), EBITDA $40-44 million (+15% YoY). DataPath to contribute >$45 million.
- **Strategic Initiatives**: Expansion in VHTS, NGSO, cellular backhaul, and defense with DataPath acquisition.
- **Peru Project**: Amazonas network expansion to 35 new localities, 10-year service agreement.

**【CFO Financial Commentary】**
- **Q4 2023 Financials**: GAAP net income $3.4 million, non-GAAP EPS $0.11. Gross margin 39.1%, operating expenses $23.4 million.
- **Balance Sheet**: Cash $95.3 million, DSO 63 days. 2024 guidance includes $8 million incremental expenses from DataPath.
- **2024 Outlook**: Revenue growth across all segments, conservative assumptions for LEO and IRIS² programs.

**【Q&A Key Highlights】**
- **DataPath Integration**: $45 million+ contribution in 2024, focusing on U.S. DoD and international defense markets.
- **LEO Opportunities**: Competing for OneWeb and IRIS² programs with superior technology, potential multi-year development.
- **Peru Progress**: Network expansion nearing completion, additional contracts expected in 2024.
- **IFC Growth**: New contracts with system integrators, SSPA product line expansion.
- **Defense Initiatives**: Next-gen military modem and Endurance SSPA product line launches.


Actual													-0.09	0.01	0.01	0.1	-0.03	0.03	0.06	0.14	0.07	0.09	0.08	0.11	0.11	0.1	0.14	0.15	0.03	0.21	0.2	0.2
Forecast														-0.04	-0.01	0.03	-0.05	-0.01	0.03	0.06	0	0.02	0.05	0.06	0.03	0.05	0.07	0.17	0.0575	0.03	0.095	0.1367
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+125.00%	+200.00%	+233.33%	+40.00%	+400.00%	+100.00%	+133.33%	0.00%	+350.00%	+60.00%	+83.33%	+266.67%	+100.00%	+100.00%	-11.76%	-47.83%	+600.00%	+110.53%	+46.31%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	44.71M	56.92M	49.91M	67.27M	51.41M	55.45M	60.35M	72.63M	58.96M	67.59M	63.93M	75.61M	76.08M	76.63M	74.61M	78.13M	92.04M	105.00M	117.69M	136.96M
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	53.45M	61.82M	67.32M	51.65M	56.24M	67.20M	74.13M	62.16M	63.84M	67.00M	75.98M	77.10M	74.22M	76.77M	83.10M	100.20M	100.08M	113.17M	133.06M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+6.50%	-19.26%	-0.07%	-0.47%	-1.40%	-10.19%	-2.03%	-5.14%	+5.88%	-4.59%	-0.49%	-1.33%	+3.26%	-2.81%	-5.99%	-8.15%	+4.91%	+3.99%	+2.93%

GILT

GILT fundamentals

GILT Q4 2025 Earnings

Earnings Call

You can ask Aime

GILT

GILT fundamentals

GILT Q4 2025 Earnings

Earnings Call

GILT Earnings Call Summary for Q4/20258:30 AM on Feb 10, 2026

GILT Earnings Call Summary for Q3/20259:30 AM on Nov 12, 2025

GILT Earnings Call Summary for Q2/20259:30 AM on Aug 6, 2025

GILT Earnings Call Summary for Q1/20259:00 AM on May 19, 2025

GILT Earnings Call Summary for Q4/20249:30 AM on Feb 12, 2025

You can ask Aime