Viasat Q2: Defense Growth, Aviation Headwinds, and New Compensation Incentives

Viasat reported a 83% drop in US satellite subscribers since Starlink's 2020 launch, falling to 100,000 in Q3. The company attributes this to seasonal churn and plans to stabilize its business using its new Flight 2 satellite, which offers improved speeds. However, Viasat's new Unleashed Max plan, priced at $109.99/month, remains more expensive and has higher latency than Starlink's offerings.

The US Space Force awarded Viasat a contract worth up to $450 million to build a Mission Operations Center for the Space Data Network Backbone. Viasat will design, deploy, and scale the center, which will coordinate satellite data transmission for military and commercial use, including the Golden Dome missile defense initiative. The network, involving SpaceX's satellite constellation, aims to provide secure, high-speed communications.

Viasat [VSAT] received a contract up to $450 million from the U.S. Space Force for a Space Data Network-Backbone Mission Operations Center, with an initial $115 million task order for design and scaling. The center will support military operations, including missile defense.

Viasat Inc (VSAT) reported Q2 2027 earnings, highlighting growth in secure communications and satellite services. The company expects $225M+ in free cash flow for fiscal '27, with $2B in new contract awards. DAT segment revenue grew 20% YoY, driven by demand for cybersecurity and mission systems. ViaSat-3 satellites are performing well, and the company is focusing on monetization and reducing capital intensity.

Viasat reported Q2 revenue of $1.2B, up 3% YoY, driven by 20% growth in defense sales. Adjusted EBITDA fell 4% to $370M, and net loss widened to $29M. The company lowered its FY outlook due to the earnings decline.

Viasat Inc (VSAT) reported Q2 2027 earnings, highlighting record defense growth and satellite service advancements. CFO Gary Chase noted 15-20% of aviation revenue may be affected by customer changes, but no abrupt impact is expected. CEO Mark Dankberg emphasized Viasat-3's success, multi-orbit services, and government aviation growth. The strategic review committee remains active, exploring options to deliver shareholder value.