Gilat Q2 Revenue Climbs 17% to $122.7M, Adjusted EBITDA Surges 31%; 2026 Guidance Reaffirmed
GILT sits 58% above its 52-week low of $7.222.
Summary
Gilat Satellite Networks posted Q2 2026 revenue of $122.7 million, a 17% year-over-year gain, as Adjusted EBITDA rose 31% to $15.4 million. Full-year 2026 guidance was reiterated, and the Comtech acquisition is on pace to close by year-end.
Key Events · Earnings and Guidance · GILT
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Q2 Revenue +17% to $122.7M
Revenue grew 17% year-over-year to $122.7 million, with growth across all segments: Commercial ($83.0M), Defense ($22.5M), and Peru ($17.2M).
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Adjusted EBITDA +31% to $15.4M
Adjusted EBITDA increased 31% to $15.4 million, with margin expansion reflecting operating leverage and strong execution.
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Non-GAAP EPS $0.20 vs $0.21
Non-GAAP net income rose to $15.6 million, or $0.20 per diluted share, compared to $12.0 million, or $0.21 per share, in Q2 2025, with the slight EPS decline due to a higher share count.
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2026 Guidance Reiterated
Management reaffirmed full-year 2026 guidance: revenue of $500–$520 million (13% growth at midpoint) and Adjusted EBITDA of $61–$66 million (19% growth at midpoint).
Analysis · GILT · Manufacturing
Broad-based momentum across defense, commercial, and Peru segments powered a 17% year-over-year revenue increase to $122.7 million, while Adjusted EBITDA jumped 31% to $15.4 million. Non-GAAP operating income rose 35% to $12.6 million, though GAAP net income edged down to $8.1 million, pressured by higher stock-based compensation and integration costs. Reiterating full-year 2026 guidance of $500–$520 million in revenue and $61–$66 million in Adjusted EBITDA, management signaled confidence in the underlying business. The pending Comtech acquisition remains on track for a year-end close, a deal that would more than double defense revenues and forge a scaled defense and satellite communications company with over $700 million in pro forma annual revenue.
At the time of this filing, GILT was trading at $11.43 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $900.9M. The 52-week trading range was $7.22 to $20.93. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.