Gilat Satellite Networks Ltd (STU:GSA)

Q1 2026 Gilat Satellite Networks Ltd Earnings Call Transcript

May 13, 2026 / 01:30 PM GMT

Release Date Price: €13.7 (-14.38%)

Transcript

Key Points

Positve

Gilat Satellite Networks Ltd (GILT) reported a 20% year-over-year revenue growth in Q1 2026, reaching $110.5 million.
The company achieved a significant increase in profitability, with adjusted EBITDA reaching $15.1 million, nearly doubling from the previous year.
Gilat's defense segment saw a strong demand for transportable and portable SATCOM solutions, with a notable $16 million order from a European Ministry of Defense.
The commercial segment showed solid performance, particularly in in-flight connectivity, with $39 million in orders for the Sidewinder ESA terminal.
Gilat's strategic partnership with Nelco in India for KA-band service deployment represents a significant growth opportunity in the Asia-Pacific region.

Negative

There are uncertainties in global economic conditions and potential reductions in revenues from key customers.
Delays or reductions in U.S. and foreign military spending could impact future results.
The transition from hardware to software-based platforms, such as SkyEdge 4, may take three to four years to fully materialize.
The defense segment faces a time lag between booking and revenue realization, typically taking six to nine months.
The market for 5G NTN solutions is not yet mature, with full deployment expected in four to five years.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GILT.OQ - Gilat Satellite Networks Ltd
Q1 2026 Gilat Satellite Networks Ltd Earnings Call
May 13, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to GILAT's first quarter 2026 results conference call. All participants are at present in listen-only mode. Following the management formal presentation, instructions will be given for the question-and-answer session. For operator assistance during the conference, please press star zero. As a reminder, this conference is being recorded May 13, 2026.

By now, you should have all received the company's press release. If you have not received it, please view it in the new section of the company's website, www..gilat.com. I would now like to hand over the call to Mr. Sanjay Harry of Alliance Advisors IR. Mr. Harry, would you like to begin, please?

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