Gilat Satellite Networks (GILT) Investor presentation summary

Company overview and market positioning

• Operates in satellite communications, providing ground equipment and network solutions for defense, government, enterprise, aviation, maritime, and cellular backhaul markets.

• Serves over 300 customers in 100+ countries, including major satellite operators, service providers, system integrators, and government agencies.

• Recognized as a market-leading ground equipment manufacturer, collaborating with top satellite manufacturers and operators.

Business segments and growth drivers

• Three main segments: Defense (secure, rapid-deployment solutions), Commercial (broadband satellite networks), and Peru (telecom service provider with a focus on government and social inclusion).

• Multi-orbit platform (SkyEdge IV) enables high capacity, availability, and throughput for diverse applications.

• Addressable equipment market projected to grow to multi-billion dollars by 2028, driven by VHTS, NGSO, and defense SATCOM demand.

Financial performance and outlook

• Q2 2026 revenue reached $122.7M (GAAP), with non-GAAP gross margin at 32% and adjusted EBITDA of $15.4M.

• Strong balance sheet with $157M net cash and $545M equity as of Q2 2026.

• 2026 revenue guidance: $500M–$520M (13% YoY growth); adjusted EBITDA guidance: $61M–$66M (19% YoY growth).

• Commercial segment expected to contribute $315M–$335M, defense $115M–$130M, and Peru $60M–$65M in 2026.