Petah Tikva, Israel, May 13, 2026--Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), reported its results for the first quarter, ended March 31, 2026. The company reported revenues grew 20%, GAAP Operating Income Increased to US$ 4.4 Million, Adjusted EBITDA doubled to US$ 15.1 Million and reiterated guidance for 2026.
Results highlights include:
- Revenues of US$ 110.5 million, compared with US$ 92 million in Q1 2025;
- GAAP operating income of US$ 4.4 million, compared with GAAP operating loss of US$ 2.7 million in Q1 2025;
- Non-GAAP operating income of US$ 12.5 million, compared with US$ 5.2 million in Q1 2025;
- GAAP net income of US$ 5.2 million, or US$ 0.07 per diluted share, compared with GAAP net loss of US$ 6 million, or US$ 0.11 loss per diluted share, in Q1 2025;
- Non-GAAP net income of US$ 13.6 million, or US$ 0.18 per diluted share, compared withUS $1.8 million, or US$ 0.03 per diluted share, in Q1 2025;
- Adjusted EBITDA of US$1 5.1 million, compared with US$ 7.6 million in Q1 2025.
Management’s financial guidance for 2026 is for revenue between US$ 500 to US$ 520 million, representing a revenue growth rate of approximately 13% at the midpoint. Adjusted EBITDA for 2026 is expected to be between US$ 61 to US$ 66 million, representing a growth rate of approximately 19% at the midpoint.
Adi Sfadia, Gilat’s CEO, commented: “Gilat began 2026 with strong execution and momentum across our key growth initiatives. Our first quarter results reflected the strength of our broad solutions portfolio, continued expansion in defense and commercial markets, and improving profitability. During the quarter, we expanded our defense footprint into additional countries and strengthened strategic commercial relationships in India. We also saw growing interest in our virtualized, software-based network solutions following the successful demonstration conducted with Amazon AWS and SES Space & Defense. In-flight connectivity demand remains robust as next-generation aviation connectivity deployments continue to scale.
We are also experiencing increased demand for our defense portable gateway solutions, driven by the growing need for resilient, location-independent communications capabilities in contested operational environments. In parallel, we introduced a new category of high-power solid-state power amplifiers designed to replace traditional TWTAs across both defense and commercial applications.
Adoption of LEO and multi-orbit architectures continues to drive demand for electronically steered antennas, aligning well with our ESA portfolio strategy and creating additional growth opportunities for Gilat.”
