Q4 2026 Viasat Inc Earnings Call Transcript
Key Points
- Viasat Inc (VSAT) reported record new contract awards and backlog, with a 15% increase in backlog to approximately $4.1 billion.
- The company generated nearly $600 million in free cash flow, with positive free cash flow in each of the last five quarters.
- Viasat Inc (VSAT) successfully launched and deployed key components of its Viasat-3 satellites, enhancing its fleet expansion and bandwidth capabilities.
- The company achieved double-digit revenue growth in its Defense and Advanced Technologies (DAT) segment, driven by strong performance in Infosec, Cyber Defense, and space and mission systems.
- Viasat Inc (VSAT) made substantial progress in reducing its leverage, bringing its net leverage ratio down to 3.1 times, with a target of below 3.0.
- Viasat Inc (VSAT) faced a decline in fixed residential services and maritime revenue, impacting overall growth.
- The company experienced a 2% decline in communication services revenue, despite growth in aviation and government satcom.
- Increased competition is expected to reduce the growth rate in aviation services, affecting future revenue projections.
- The company did not achieve its objective of returning maritime revenue to growth, with a 1% decline in revenue as vessels in service decreased.
- Viasat Inc (VSAT) anticipates continued declines in its fixed broadband business until the Viasat-3 enters service.
Please stand by, your program is about to begin. My name is Jericho and I will be your conference facilitator this afternoon. At this time, I would like to welcome everyone to the Viasat's fourth quarter and fiscal year 2026 earnings results conference call.
All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. I would now like to turn the call over to Miss Lisa Curran, Chief Enterprise and Strategy Officer.
Miss Curran, you may begin the conference.
Thank you, Jericho.
We will present certain non-GAAP financial measures on today's call. Information required by the SEC relating to these non-GAAP financial measures is available in our Q4 fiscal year '26 shareholder letter on the Investor Relations section of our website.
During the presentation, we will describe certain of the more significant factors that impacted year-over-year performance. We
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