Gilat Satellite Networks posts Q3 loss, cuts full‑year revenue outlook and is downgraded
Gilat Satellite Networks reported third‑quarter 2026 adjusted earnings of $0.18 per share, beating forecasts, while revenue fell 1% to $116.2 million, missing consensus. The company lowered its full‑year 2026 revenue guidance to $455 million‑$475 million and expects adjusted EBITDA of $61 million‑$63 million. Following the results, William Blair cut the stock rating to Market Perform, citing weaker outlook and heightened competition.
Why it matters
The revenue downgrade and rating cut suggest further pressure on GILT’s share price, which fell 12.8% in pre‑market trading after the earnings release. Investors should note the reduced full‑year revenue range and the analyst’s more cautious stance.
Key facts
- 1Adjusted earnings were $0.18 per share, above the $0.14 estimate. finance.yahoo.com
- 2Revenue declined 1% year‑on‑year to $116.2 million, below the $126.54 million consensus. finance.yahoo.com
- 3Full‑year 2026 revenue guidance was revised to $455 million‑$475 million. finance.yahoo.com
- 4Adjusted EBITDA for the quarter rose 13% to $17.6 million. finance.yahoo.com
- 5William Blair downgraded the stock to Market Perform from Outperform. investing.com
- 6Shares fell 12.80% in pre‑market trading after the announcement. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.