Gilat Satellite Networks cuts FY2026 revenue outlook and eyes Comtech acquisition closure by year‑end
Gilat Satellite Networks reported third‑quarter 2026 revenue of $116.2 million, a slight decline from $117.7 million a year earlier. Adjusted EBITDA rose 13% to $17.6 million and GAAP net income increased to $8.7 million. The company lowered its full‑year 2026 revenue guidance to a range of $455 million‑$475 million and adjusted EBITDA guidance to $61 million‑$63 million. Management said the pending purchase of Comtech’s Satellite and Space business is expected to be completed before the end of 2026.
Why it matters
The reduced revenue guidance signals slower top‑line growth than analysts expected, which may pressure the share price. The anticipated Comtech deal is projected to add roughly $180 million of revenue and $80 million of adjusted EBITDA, potentially offsetting the guidance shortfall if it closes as planned (the company says).
Key facts
- 1Q3 2026 revenue was $116.2 million, down from $117.7 million in the same quarter a year earlier. quantisnow.com
- 2Adjusted EBITDA for the quarter increased 13% year‑over‑year to $17.6 million. quantisnow.com
- 3GAAP net income for the quarter was $8.7 million. quantisnow.com
- 4Full‑year 2026 revenue guidance was revised to $455 million‑$475 million. quantisnow.com
- 5Full‑year 2026 adjusted EBITDA guidance was revised to $61 million‑$63 million. quantisnow.com
- 6The Comtech acquisition is expected to close before the end of 2026. quantisnow.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.