Gilat Satellite Networks' stock plummeted 17.18% during intraday trading on Tuesday, extending pre-market losses following the release of its fourth quarter and full year 2025 financial results.

The satellite networking technology company reported mixed performance, with non-GAAP earnings of $0.20 per diluted share beating analyst expectations of $0.14, and revenue of $137.0 million exceeding the expected $133.1 million. However, investors focused on declining GAAP profitability metrics, as GAAP net income for the quarter fell to $8.8 million from $11.8 million in the same period last year, and full-year GAAP operating income decreased to $23.4 million from $27.7 million despite significant revenue growth.

The company issued 2026 guidance calling for revenue between $500 million to $520 million, representing approximately 13% growth at the midpoint, with adjusted EBITDA expected to be between $61 million to $66 million. While the revenue guidance slightly exceeds analyst expectations, the market reaction suggests concerns about profitability trends despite the strong top-line performance.