Gilat Satellite Networks Ltd.: Gilat Reports Second Quarter 2026 Results
Gilat Satellite Networks (NASDAQ: GILT) reported Q2 2026 results. Revenue rose 17% to $122.7M. GAAP operating income was $4.7M and GAAP net income $8.1M ($0.10/share). Adjusted EBITDA increased 31% to $15.4M. Management reiterated 2026 guidance: revenue $500-$520M and Adjusted EBITDA $61-$66M, and said its Comtech acquisition is on track for year-end closing.
How this was made
The 30-second read
Why it matters
The release combines a quarterly earnings print, reiterated 2026 guidance, and deal progress language, which together can reset near-term expectations for growth, margins, and defense backlog conversion.
Market read
Traders can update models using the Q2 financials and the reiterated 2026 revenue and Adj. EBITDA ranges, while also repricing deal-close timing risk for the Comtech transaction.
What to watch
Acquisition execution risk remains, since the Comtech deal is still subject to regulatory approvals and customary closing conditions; timing slippage could pressure the multiple.
Background
Gilat is a satellite networking and communications provider with defense and commercial segments, and it is pursuing a transformation via the Comtech acquisition.
Ticker impact
Gilat reported Q2 2026 results with revenue up 17% to $122.7M and reiterated 2026 revenue $500-$520M and Adj. EBITDA $61-$66M.
Likely positive bias into the next trading sessions, with volatility around acquisition-close expectations and guidance credibility.
The article discloses multiple new decision-relevant datapoints: Q2 financials, full-year guidance ranges, and timing language for the Comtech acquisition close toward year-end.
Market effects
Reinforces demand narrative for defense and mission-critical SATCOM terminals, potentially supporting sentiment across satellite networking peers.
Limited direct regional read-through beyond Israel-based defense/space supply chain sentiment.
Moderate, as defense communications and multi-orbit terminal demand are globally relevant but the disclosure is company-specific.
Counterpoint
GAAP operating income and net income declined year over year, so the stock reaction may fade if investors focus on GAAP profitability rather than adjusted metrics.
Key entities
- companyGilat Satellite Networks Ltd.
Reported Q2 2026 results, reiterated 2026 guidance, and said the Comtech acquisition is on track for year-end closing.
- companyComtech
Gilat is acquiring Comtech’s Satellite and Space Communications segment; closing expected toward year-end subject to approvals.
- personAdi Sfadia
Gilat CEO who commented on segment momentum, product introductions (Viper Ka ESA), and acquisition progress.
