Gilat Satellite Networks (GILT) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenues reached $117.7 million, a 58% year-over-year increase, with adjusted EBITDA of $15.6 million, up 46%, and GAAP net income of $8.1 million ($0.14/share).

• Major contract wins and strong order bookings in commercial, defense, and Peru segments, including $85 million in broadband infrastructure awards and significant deals with the U.S. Department of Defense and Israeli Ministry of Defense.

• Strategic focus on next-gen satellite programs, defense innovation, IFC expansion, and leveraging acquisitions for growth.

• Integration of AI into network management and continued innovation in multi-orbit connectivity reinforce technological leadership.

• $66 million private placement and robust cash position at quarter-end support future growth initiatives.

Financial highlights

• Q3 2025 revenues were $117.7 million, up 58% year-over-year; adjusted EBITDA was $15.6 million, up 46%; GAAP net income was $8.1 million ($0.14/share).

• Non-GAAP net income was $11.8 million ($0.19/share), up from $8.1 million ($0.14/share) in Q3 2024.

• Non-GAAP operating income was $12.8 million, up from $8.3 million in Q3 2024.

• Cash, cash equivalents, and restricted cash totaled $155 million as of September 30, 2025.

• Cash from operations was $28.4 million in Q3 2025, up from $5.1 million in Q2 2025.

Outlook and guidance

• Full-year 2025 revenue guidance raised to $445–$455 million, representing 47% year-over-year growth at the midpoint.

• Adjusted EBITDA guidance increased to $51–$53 million, a 23% growth rate at the midpoint.

• Upward revision driven by strong backlog, robust cash generation, and accelerating demand for multi-orbit solutions.