Gilat Satellite Networks Reports Strong Q2 2026 Growth Amid Comtech Acquisition Push — Gilat Satellite Networks Ltd.

Event summary

Gilat reported Q2 2026 revenue growth of 17% to $122.7 million, with adjusted EBITDA up 31% to $15.4 million.
GAAP operating income was $4.7 million, down from $5.7 million in Q2 2025, while non-GAAP operating income increased 35% to $12.6 million.
The company reiterated its 2026 guidance for revenue between $500–$520 million and adjusted EBITDA of $61–$66 million.
Gilat's acquisition of Comtech’s Satellite & Space Communications segment is on track to close by year-end, creating a combined entity with over $700 million in pro forma annual revenues.

The big picture

Gilat's strong Q2 2026 results reflect growing demand for advanced satellite communications solutions, particularly in defense applications. The pending Comtech acquisition positions Gilat to become a major player in the defense, space, and mission-critical communications sectors, though integration risks remain. The company’s ability to leverage this deal will be critical as it competes with larger aerospace and telecommunications firms.

What we're watching

Integration Challenges: The pace at which Gilat can successfully integrate Comtech’s operations will determine the combined entity's ability to capitalize on defense and space communications opportunities.
Defense Market Demand: Whether Gilat Defense can sustain its growth momentum in both U.S. and European markets, particularly with new product introductions like the Viper Ka ESA terminal.
Regulatory Approvals: The timeline for securing regulatory approvals for the Comtech acquisition could impact Gilat’s strategic expansion plans and financial performance.