Gilat Q2 Revenue Beats, EPS Doubles Estimates; Comtech Deal on Track
GILT sits 60% above its 52-week low of $7.222.
Summary
Gilat delivered a strong Q2: revenue of $122.7M beat the $120.7M consensus, and adjusted EPS of $0.20 doubled the $0.10 estimate. Adjusted EBITDA rose 31% YoY to $15.4M, driven by defense segment momentum and solid execution across all units. The Comtech satellite and space acquisition is progressing as planned, with management highlighting it will more than double defense revenue and create a company with over $700M in pro forma annual sales. FY2026 guidance was reaffirmed at $500M-$520M in revenue and $61M-$66M in adjusted EBITDA. Despite the beats, shares fell 5.12%, possibly on profit-taking or broader market weakness. The Comtech deal closure by year-end remains the key catalyst to watch.
At the time of this announcement, GILT was trading at $11.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $871.8M. The 52-week trading range was $7.22 to $20.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.