Gilat Satellite Networks Posts Strong Q1 2026 Growth, Reiterates Full-Year Guidance

Event summary

  • Revenue grew 20% year-over-year to $110.5 million in Q1 2026.
  • GAAP operating income turned positive at $4.4 million, up from a loss of $2.7 million in Q1 2025.
  • Adjusted EBITDA doubled to $15.1 million, compared to $7.6 million in Q1 2025.
  • Full-year 2026 revenue guidance reaffirmed at $500–$520 million, with adjusted EBITDA expected between $61–$66 million.
  • Strategic wins include a multimillion-dollar partnership with Nelco in India and $39 million in orders for Sidewinder ESA terminals.

The big picture

Gilat's Q1 2026 results reflect strong execution across its defense and commercial markets, driven by growing demand for resilient, location-independent communications and next-generation aviation connectivity. The company's focus on virtualized, software-based network solutions aligns with broader industry trends toward multi-orbit architectures and electronically steered antennas. With a robust backlog and pipeline, Gilat is well-positioned to capitalize on the increasing adoption of LEO and VHTS technologies.

What we're watching

Defense Market Momentum
Whether Gilat can sustain its defense market expansion, particularly in contested operational environments.
Commercial Aviation Demand
The pace at which in-flight connectivity deployments scale and drive additional revenue growth.
Strategic Acquisitions
How Gilat leverages its strong balance sheet to pursue strategic opportunities and accelerate growth.