Revenue of $122.7 Million: Significant Growth for Gilat
With a 17% increase in revenue and new contracts in the in-flight internet sector, the company reports strong second-quarter results and progress on a major defense acquisition.
Gilat Satellite Networks, traded on NASDAQ and the Tel Aviv Stock Exchange under the ticker GILT, has published its financial results for the second quarter of 2026, demonstrating a continued growth trend in business activity and improved profitability metrics.
The company's revenue for the second quarter totaled $122.7 million, a 17% increase compared to the same quarter last year, when revenue was $105 million. Operating profit under GAAP standards reached $4.7 million, while Non-GAAP operating profit totaled $12.6 million, a 35% jump compared to the same period.
Adjusted EBITDA also showed significant improvement, rising 31% to reach $15.4 million, compared to $11.8 million in the second quarter of 2025. Additionally, the company reported a Non-GAAP net profit of $15.6 million, or approximately 20 cents per share.
Gilat's management has reaffirmed its guidance for 2026. The company expects annual revenue in the range of $500 to $520 million, alongside an adjusted EBITDA of $61 to $66 million.
Beyond financial results, the company reported progress on several strategic initiatives. Notably, Gilat continues to advance the acquisition of Comtech's satellite and space communications division, a deal expected to significantly expand its operations in the defense sector.
Furthermore, Gilat announced new contracts, including:
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An $11 million order from the U.S. Department of Defense for defense communication solutions.
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Orders totaling $43 million in the field of in-flight internet services.
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Additional deals for the SkyEdge platform and tactical terminals in Europe.
The company continues to expand its operations in civil aviation, following the integration of its solutions into Boeing's production processes. Simultaneously, it is strengthening its position in satellite communications for defense systems, unmanned aerial vehicles, and autonomous platforms.
These developments indicate a significant shift in Gilat's status, moving from a traditional satellite communications company to a key player in defense, aviation, and future technological infrastructure.
