Gilat Satellite Networks (GILT) Q1 2026 earnings summary

Executive summary

• Achieved strong Q1 2026 results with revenue of $110.5 million, up 20% year-over-year, and adjusted EBITDA of $15.1 million, nearly double the prior year.

• Demonstrated momentum in both defense and commercial markets, including new product launches, strategic partnerships, and expansion in India.

• Continued investment in advanced, interoperable satellite communication systems and technology leadership with live demonstrations of virtualized SATCOM gateways and 5G NTN integration.

• Reiterated 2026 guidance with revenue expected between $500 million and $520 million and adjusted EBITDA between $61 million and $66 million.

Financial highlights

• Q1 2026 revenues reached $110.5 million, up 20% year-over-year from $92 million in Q1 2025.

• Adjusted EBITDA was $15.1 million, up 98% year-over-year.

• GAAP net income was $5.2 million (diluted EPS $0.07) versus a net loss of $6 million (diluted loss per share $0.11) in Q1 2025.

• Non-GAAP net income was $13.6 million (diluted EPS $0.18), up from $1.8 million (diluted EPS $0.03) year-over-year.

• GAAP operating income improved to $4.4 million from a loss of $2.7 million in Q1 2025.

Outlook and guidance

• 2026 revenue guidance is $500–$520 million, representing 13% year-over-year growth at the midpoint.

• Adjusted EBITDA guidance for 2026 is $61–$66 million, a 19% increase at the midpoint.

• Strong backlog and healthy pipeline support confidence in meeting full-year targets.