Transcript: Gilat Satellite Networks Q1 2026 Earnings Conference Call

On Wednesday, Gilat Satellite Networks (NASDAQ: GILT ) discussed first-quarter financial results during its earnings call.

The full transcript is provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary Gilat Satellite Networks Ltd reported strong financial performance for 2025, with Q4 revenue at $137 million, up 75% year over year, and full-year revenue at $451.7 million, up 48%.

Adjusted EBITDA for Q4 was $18.2 million, a 50% increase from the previous year.

Strategic initiatives included expansion in the defense sector, with significant growth in order bookings and a new market segment in Earth Observation.

The commercial segment saw robust performance driven by in-flight connectivity (IFC), with major orders for the SkyEdge 4 platform.

The company provided positive guidance for 2026, expecting revenues between $500 and $520 million and adjusted EBITDA between $61 and $66 million.

Strategic focus areas include mergers and acquisitions, particularly in defense, and expanding the SkyEdge4 customer base.

Operational highlights included significant orders in Peru and advancements in IFC technology, with production ramping up for next-generation aircraft connectivity solutions.

Management expressed confidence in continued growth across all segments, supported by a strong backlog and strategic investments, including a $100 million equity placement in Q4 2025.

Full Transcript OPERATOR Ladies and gentlemen, thank you for standing by.

Welcome to Gilat's fourth quarter 2025 results conference call.

All participants are at present in listen-only mode.

Following the management's formal presentation, instructions will be given for the question and answer session.

For operator assistance during the conference, please press 0.

As a reminder, this conference is being recorded February 10, 2026.

By now, you should have all received the company's press release.

If you have not received it, please view it in the news section of the company's website, I would now like to hand over the call to Mr.

Sanjay Harry of Alliance Advisors IR.

Mr.

Harry, would you like to begin? Sanjay Harry, Alliance Advisors IR Thank you, Hila, and good morning, everyone.

Thank you for joining us for Gilat Satellite Networks Ltd's earnings conference call for the fourth quarter and full year 2025.

With us on today's call are Mr.

Adi Svadia, Gilat's CEO, and Mr.

Gil Benyamini, Gilat's Chief Financial Officer.

The earnings press release was issued earlier today, and if anyone has not yet received a copy, I invite you to visit the company's website, where you'll find the release in the Investor Relations section.

Before turning the call over to management, I would like to remind everyone that some statements made during this conference call contain forward-looking statements based on current expectations.

Actual results could differ materially from those projected as a result of various risks and uncertainties.

The potential risks and uncertainties that could cause actual results to differ materially include uncertain global economic conditions, reductions in revenues from key customers, delays or reductions in U.S. and foreign military spending, acceptance of the company's products on a global basis, and disruptions or delays in the company's supply of raw materials and components due to business conditions, global conflicts, weather, or other factors not under its control.

The company cautions investors not to place undue reliance on forward-looking statements, which reflect the company's analysis only as of today's date.

The company undertakes no obligation to publicly update forward-looking statements to reflect subsequent events or circumstances.

Further information on these factors and other factors that could affect Gilat's financial results is included in the company's filings with the Securities and Exchange Commission.

In addition, on today's call, management will refer to certain non-GAAP financial measures that management considers to be useful and differ from GAAP.

These non-GAAP measures should be considered supplemental to corresponding GAAP figures.

With that, I would like to turn the call over to Gilat's CEO, Mr.