Gilat Satellite Networks Reports Third Quarter 2026 Financial Results

Gilat Satellite Networks reported third-quarter 2026 revenues of $116.2 million, compared to $117.7 million in the same period last year. GAAP operating income rose to $7.9 million from $7.5 million in Q3 2025, while Adjusted EBITDA increased 13% year-over-year to $17.6 million. Non-GAAP net income grew by over 21% to $14.3 million. The company revised its full-year 2026 revenue guidance to a range of $455 million to $475 million, with Adjusted EBITDA expected between $61 million and $63 million. Management attributed the results to cost and pricing discipline, despite challenges from currency conditions and bad debt write-offs related to a customer's Chapter 11 filing.