$GILT

Gilat Satellite Networks (GILT) shares rose 5% in pre-market trading after announcing a milestone with Boeing (BA) for its Sidewinder antenna. The antenna will be offered as a line-fit solution for in-flight connectivity. Both companies' retail sentiment on Stocktwits is bullish, with GILT up 22% YTD and BA up 2%.

Gilat Satellite Networks (GILT) plans to acquire Comtech's space division for $157.5M in cash, focusing on ground infrastructure for satellite communications. The deal aims to boost Gilat's revenue to $700M and profit to $80M annually, leveraging Comtech's Troposcatter systems and military modems. Gilat's share price has surged 170% since a previous failed acquisition attempt by Comtech.

Gilat Satellite Networks demonstrated AI-based interference detection and cancellation technology for satellite communications, showing up to 10x improvement over conventional methods. The solution maintains signal quality and is compatible with modern systems, addressing complex interference threats. Gilat plans to test the technology on AI accelerator hardware for low-power edge solutions.

Gilat Satellite Networks said its Peruvian unit, Gilat Perú, signed a $14 million agreement with the Regional Government of Ayacucho to deliver a fiber-optic broadband project under Peru’s Works for Taxes program. Delivery is expected in 18 months. The project will deploy 1,060+ km of fiber and support 273 public institutions, including 236 schools and 37 healthcare sites.

Friday on the Tel Aviv Stock Exchange, major indices declined. Tel Aviv 35 fell 0.33% to 4,202.63 and Tel Aviv 125 fell 0.31% to 4,074.63. Defense and renewable energy sector indices dropped, while chemicals rubber and plastics rose. FX rates weakened versus the dollar and euro. Bank Hapoalim rose 0.31%, Tower Semiconductor fell 4.35%, Teva fell 2.28%.

Gilat Satellite Networks (GILT) said it is expanding in defense and in-flight connectivity, citing its role as equipment provider for SES’s O3b mPOWER and OneWeb gateway amplifiers. CEO Adi Sfadia discussed a $43 million Sidewinder order. Gilat reported Q2 revenue of $122M (+17%) and EBITDA $15.4M (+31%), and expects 2024 revenue of $500M-$520M. It agreed to acquire Comtech for $157M cash.

Gilat Satellite Networks said it demonstrated patent-pending AI-based interference detection and cancellation for satellite links, designed to run on standard edge NPUs. The company reported 10x better detection and cancellation versus conventional mitigation across varied non-cooperative, non-static interference scenarios. Gilat plans further demonstrations on dedicated AI accelerator hardware for low-power deployment in terminals.

Gilat Satellite Networks (NASDAQ: GILT) said it demonstrated patent-pending AI-based interference detection and cancellation for satellite links. The solution runs on standard edge NPU AI and showed up to 10x better performance versus conventional mitigation in non-cooperative, non-static interference, with negligible signal degradation. Gilat plans further tests on dedicated AI accelerator hardware for low-power terminal deployment.

Gilat Satellite Networks (GILT) reported Q2 revenue of $122.7M, up from $105M and above the $120.7M estimate. Adjusted EPS was 20 cents, above the 10-cent forecast, and adjusted operating income rose 35% to $12.6M. The company said Comtech acquisition progress is on track, with pro forma revenue over $700M, and reaffirmed FY2026 guidance of $500M-$520M.

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.