Gilat Satellite Networks stock falls 13% on revenue miss despite earnings beat
Gilat Satellite Networks (GILT) reported Q3 earnings of $0.18 per share, beating estimates, but revenue of $116.2M missed expectations. Shares fell 12.8% in pre-market trading. The company cited delays in its in-flight connectivity business and satellite development for the shortfall. Despite this, adjusted EBITDA rose 13% YoY to $17.6M, and net income increased 21% to $14.3M. The company reduced its full-year 2026 revenue guidance to $455M-$475M.
How this was made
The 30-second read
Why it matters
The revenue shortfall and lowered guidance triggered a 12.8% pre‑market decline, suggesting short‑term downside risk despite improved profitability metrics.
Market read
Earnings miss and guidance cut are primary drivers of immediate price action.
What to watch
Cash position of $260 M and pending Comtech acquisition may provide longer‑term upside.
Background
Gilat Satellite Networks reported Q3 results with an earnings beat but a revenue miss, updating full‑year guidance and noting a pending acquisition.
Ticker impact
Q3 earnings beat EPS expectations but revenue missed, shares down 12.8% pre‑market.
likely pressure as market prices in the revenue shortfall
Guidance lowered and revenue miss are material; investors already reacting with a double‑digit pre‑market decline.
Market effects
Satellite communications sector may see broader scrutiny of revenue forecasts.
Israeli tech stocks could face short‑term pressure.
Limited; impact confined to niche satellite networking niche.
Counterpoint
The EPS beat and strong defense segment growth could support a rebound if guidance is revised upward.
Key entities
- companyGilat Satellite Networks Ltd.
Satellite networking technology provider listed on NASDAQ.
- companyComtech
Target of Gilat's pending acquisition.

