Petah Tikva, Israel, August 5, 2026--Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), today reported its results for the second quarter, ended June 30, 2026. Revenues increased to US$ 122.7 million, compared with US $105 million in Q2 2025.
Second Quarter 2026 Financial Highlights (all amounts in US$ unless otherwise noted)
- Revenues increased to $122.7 million, compared with $105 million in Q2 2025;
- GAAP operating income of $4.7 million, compared with GAAP operating income of $5.7 million in Q2 2025;
- Non-GAAP operating income increased 35% to $12.6 million, compared with $9.3 million in Q2 2025;
- GAAP net income of $8.1 million, or $0.10 per diluted share, compared with GAAP net income of $9.8 million, or $0.17 per diluted share, in Q2 2025;
- Non-GAAP net income of $15.6 million, or $0.20 per diluted share, compared with $12.0 million, or $0.21 per diluted share, in Q2 2025;
- Adjusted EBITDA increased 31% to $15.4 million, significantly improving margins compared with $11.8 million in Q2 2025
Forward-Looking Expectations[1]
Management reiterates guidance for 2026 for revenue between $500 to $520 million, representing a revenue growth rate of approximately 13% at the midpoint. Adjusted EBITDA for 2026 is expected to be between $61 to $66 million, representing a growth rate of approximately 19% at the midpoint.
Adi Sfadia, Gilat’s CEO, commented: “Gilat delivered another strong quarter, with revenues increasing 17% and Adjusted EBITDA increasing 31%. The combination of growth and margin expansion reflects solid execution across our Defense, Commercial, and Peru segments and the continued strength of our underlying business. During the quarter and in recent weeks, momentum remained broad-based. Gilat Defense continued to expand its activity in both the United States and in Europe, reflecting increasing demand for advanced communications solutions that support mobility, rapid deployment, and operational continuity in complex operating environments. We introduced the Viper Ka ESA terminal, broadening our support for unmanned and autonomous missions, and we also advanced work on certifications that will position us to better support next-generation defense communications architectures.
The announced Comtech acquisition is progressing well and is the next major step in Gilat’s transformation into a scaled defense, space, and mission-critical communications technology company. The acquisition is expected to create a company with more than $700 million in pro forma annual revenues, more than double Gilat Defense revenues, expand our U.S. engineering and manufacturing footprint, and improve access to larger U.S. and allied defense and space programs.The acquisition is anticipated to close toward year-end, subject to regulatory approvals and customary closing conditions.”
