Overview
Israel satellite tech firm's Q4 revenue rose 75% yr/yr to $137 mln
Adjusted EBITDA for Q4 increased 50% yr/yr to $18.2 mln
Company expects double-digit revenue and EBITDA growth in 2026
Outlook
Gilat expects 2026 revenue between $500 mln and $520 mln
Company anticipates 2026 adjusted EBITDA between $61 mln and $66 mln
Gilat forecasts double-digit growth supported by strong backlog and healthy pipelines
Result Drivers
DEFENSE AND COMMERCIAL DIVISIONS - Growth driven by expansion in customer base and large contracts in Defense and Commercial divisions
ORGANIC GROWTH AND ACQUISITIONS - Revenue increase attributed to organic growth and acquisitions
ADVANCED SOLUTIONS - Demand for advanced multi-orbit solutions and inflight connectivity terminals boosted operational performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $136.96 mln | ||
Q4 Net Income | $8.79 mln | ||
Q4 Gross Profit | $38.29 mln | ||
Q4 Operating Expenses | $25.33 mln | ||
Q4 Operating Income | $12.96 mln | ||
Q4 Pretax Profit | $11.61 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Gilat Satellite Networks Ltd is $16.50, about 14.4% below its February 9 closing price of $19.27
Press Release: ID:nGNX1Hhq4Z
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)