Gilat Satellite Networks Ltd. (NASDAQ:GILT) Stock Has Average Target Price of $20.00 According to Analysts
Levi & Korsinsky said Gilat cut its 2026 revenue outlook to $455 million to $475 million after launch delays and deferred customer deliveries.
- On Tuesday, Gilat Satellite Networks reported third-quarter revenue of $116.2 million, a 1% decrease year-over-year, driven by lower delivery volumes in Commercial and Peru segments.
- CEO Adi Sfadia lowered full-year 2026 revenue guidance to $455 million to $475 million, citing competitive pressure and GEO and LEO launch delays that shifted revenue timing into 2027.
- Defense segment revenue surged 53% year-over-year to $36.9 million, driven by increased deliveries of transportable products from Gilat DataPath during the quarter.
- The company ended the quarter with $260 million in liquidity following a $100 million convertible note placement, while Sfadia confirmed the Comtech Satellite and Space acquisition is "on track."
- Management expects delayed orders and revenues to materialize in 2027, following a $28 million contract signed with Pronatel to upgrade broadband infrastructure in Peru's Ica region.
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Gilat Satellite Networks Ltd. (NASDAQ:GILT) Stock Has Average Target Price of $20.00 According to Analysts
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Gilat Satellite Networks Q3 Earnings Call Highlights
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