Gilat Satellite Networks ( (GILT) ) has released its Q3 earnings. Here is a breakdown of the information Gilat Satellite Networks presented to its investors.
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Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications, providing advanced technology solutions for both commercial and defense applications. The company, headquartered in Petah Tikva, Israel, offers a comprehensive portfolio that includes satellite networking technology, solutions, and services.
In its third quarter of 2025, Gilat Satellite Networks reported a significant increase in revenues, reaching $117.7 million, a 58% rise compared to the same period in 2024. The company’s GAAP operating income rose to $7.5 million, and its adjusted EBITDA grew to $15.6 million. These results have led the company to raise its midpoint guidance for 2025 revenue and adjusted EBITDA.
Key financial highlights include a GAAP net income of $8.1 million, or $0.14 per diluted share, and a non-GAAP net income of $11.8 million, or $0.19 per diluted share. The company also secured significant contracts, including a $66 million private placement and multi-million dollar orders from the U.S. Department of Defense and the Israeli Ministry of Defense. Gilat’s commercial division achieved major wins with its SkyEdge IV platform and Stellar Blu’s Sidewinder ESA terminals.
Looking ahead, Gilat Satellite Networks remains optimistic about its growth prospects, supported by a strong balance sheet and increasing demand for its multi-orbit solutions. The company is poised for further expansion, both organically and through acquisitions, as it continues to innovate and strengthen its position in the satellite communications industry.