Gilat Satellite Networks Ltd
F:GSA
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Gilat Satellite Networks Ltd
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Gilat Satellite Networks Ltd
Gilat Satellite Networks makes ground equipment and software that let data move over satellite links. Its products include satellite terminals, antennas, modems, and network management systems, along with services to design, install, and support these networks. In plain terms, it helps customers build and run satellite communications systems when fiber or cellular networks are not practical. Its main customers are satellite operators, telecom carriers, defense and government agencies, internet service providers, and businesses that need connectivity in remote or hard-to-reach places such as ships, aircraft, mines, and rural communities. Gilat makes money by selling equipment, licensing software, and providing ongoing support and managed services for those networks. A lot of its business comes from projects and long-term service relationships rather than one-time hardware sales. What makes Gilat different is that it sits in the part of the value chain that connects satellites to end users on the ground. It does not launch satellites or provide consumer internet directly; instead, it supplies the hardware and network control tools that make satellite communications work. That gives it a role as a specialized infrastructure supplier for defense, telecom, and remote connectivity markets.
Gilat Satellite Networks makes ground equipment and software that let data move over satellite links. Its products include satellite terminals, antennas, modems, and network management systems, along with services to design, install, and support these networks. In plain terms, it helps customers build and run satellite communications systems when fiber or cellular networks are not practical.
Its main customers are satellite operators, telecom carriers, defense and government agencies, internet service providers, and businesses that need connectivity in remote or hard-to-reach places such as ships, aircraft, mines, and rural communities. Gilat makes money by selling equipment, licensing software, and providing ongoing support and managed services for those networks. A lot of its business comes from projects and long-term service relationships rather than one-time hardware sales.
What makes Gilat different is that it sits in the part of the value chain that connects satellites to end users on the ground. It does not launch satellites or provide consumer internet directly; instead, it supplies the hardware and network control tools that make satellite communications work. That gives it a role as a specialized infrastructure supplier for defense, telecom, and remote connectivity markets.
Strong quarter: Gilat said Q1 2026 was a solid start to the year, with revenue of $110.5 million, up 20% year over year, and adjusted EBITDA of $15.1 million, nearly double last year’s level.
Guidance reaffirmed: Management reiterated full-year 2026 guidance for revenue of $500 million to $520 million and adjusted EBITDA of $61 million to $66 million.
Defense momentum: Demand for mobile and transportable SATCOM systems was described as very strong, supported by new orders in Europe, Israel and the U.S. and a healthy pipeline.
Commercial growth: The commercial business was driven by in-flight connectivity, with Sidewinder ESA terminal orders, Boeing certification progress and a move toward line-fit availability.
Margin improvement: Gross margin improved in the quarter, helped by a better mix and improved Stellar Blu margins, with management expecting further benefits later in the year.
Longer-term bets: Management highlighted SkyEdge IV, 5G NTN, Airbus and Boeing opportunities, and said M&A remains part of its long-term strategy.
