ViaSat earnings date
ViaSat (VS1) Q2 2027 Earnings Report
DE:VS1 Q2 2027 EPS Results
- Actual EPS
- -EUR 0.84
- Consensus EPS
- -EUR 0.38
- Beat/Miss
- Missed by -EUR 0.46
- One Year Ago EPS
- -EUR 0.41
DE:VS1 Q2 2027 Revenue Results
- Actual Revenue
- EUR 1.07B
- Expected Revenue
- EUR 1.09B
- Beat/Miss
- Missed by -EUR 19.69M
- YoY Revenue Growth
- +3.43%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
ViaSat's next earnings date is estimated for February 9, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
The call was broadly optimistic, with strong DAT growth, record-level or increasing backlog, substantial awards, ViaSat-3 Flights 2 and 3 in service, improving free cash flow and lower expected capital intensity. These positives were partly offset by declines in Communication Services revenue and EBITDA, fixed broadband and maritime pressure, a flat full-year EBITDA outlook, increasing commercial competition and expected aviation revenue declines in fiscal 2028. Highlights significantly outweighed the lowlights, resulting in a positive overall sentiment.
For fiscal '27, Viasat expects total revenue to grow mid-single digits, Communication Services to be flattish, DAT growth in the mid- to high teens, adjusted EBITDA to be about flat year-over-year, more than $225 million of free cash flow, and consolidated CapEx between $850 million and $900 million, including maintenance of between $300 million and $350 million, capitalized interest of more than $170 million, ViaSat-3 spend of $75 million, success based of about $100 million, and growth CapEx of about $200 million to $250 million; Inmarsat CapEx is expected to be $250 million to $300 million, DAT full-year revenue growth is expected to be mid-teens or better, and the fiscal year '27 plan anticipates about $2 billion of awards compared to $1.6 billion last year. Aviation revenue is expected to decline in fiscal '28 from levels achieved in fiscal '27, while aviation revenue growth is expected for the remainder of the year, maritime vessels in service are expected to decline modestly compared to fiscal '26, fixed broadband declines are expected to moderate, and government SATCOM is expected to have another year of growth.
- Positive Second-Quarter Execution and Improved Cash Flow OutlookManagement described second-quarter results as solid and within targets. Free cash flow was $78 million, up 14%, supported by operating cash flow of $285 million, up 1%, and capital expenditures of $207 million, down 3%. Full-year fiscal 2027 free cash flow guidance increased to more than $225 million.
- Revenue and Backlog GrowthCompany-wide revenue was $1.2 billion, up 3%, while backlog reached $4.2 billion, up 7%, with growth in both segments and 20% growth at Defense and Advanced Technologies.
- Strong Defense and Advanced Technologies MomentumDAT revenue increased 20% year-over-year to $365 million, driven by information security and cyber defense and tactical networking. Management expects DAT revenue growth of mid-teens or better for the full year and mid- to high-teens growth in fiscal 2027.
- DAT Awards and Multi-Year Growth PipelineDAT earned about $420 million of firm awards in the second quarter, while the fiscal 2027 plan anticipates about $2 billion of awards compared with $1.6 billion last year. Year-to-date DAT awards were up 6%, and management expects full-year awards to be up significantly, supported by firm backlog, IDIQ contract vehicles and a strong new-business pipeline.
- DAT EBITDA ExpansionDAT adjusted EBITDA increased 57%, or $28 million, to $76 million, primarily driven by tactical networking and space and mission systems, with some offset from R&D.
- Growth Across DAT Business LinesInformation security and cyber product revenue increased 27%, tactical networking revenue increased 31%, and space and mission systems revenue increased 4%. Management expects continued growth in information security and cyber, increasing growth in tactical networking, and substantially improved growth in space and mission systems in fiscal 2027 and beyond.
- ViaSat-3 Flights 2 and 3 in ServiceBoth ViaSat-3 Flight 2 and Flight 3 are in service and performing as expected. The company is adding bandwidth through its ground network, expanding customer applications and migrating additional user terminals. Customers have reported dramatic improvements in speeds and user experience, with per-user bandwidth consumption comparable to that claimed for LEO services.
- ViaSat-3 Supports Commercial and Government OpportunitiesManagement said ViaSat-3 is creating opportunities in government and commercial markets, including countermeasures resilience, small user terminals and military Ka-band service. The company is transitioning from infrastructure investment toward monetization, utilization, debt reduction and returns.
- Aviation Service Growth and Aera OpportunityAviation revenue increased 8% year-over-year, with approximately 4,490 commercial aircraft in service, up 6% year-over-year, and average revenue per aircraft up 3%. Aera, the company's multi-orbit aviation service, is being evaluated by multiple airlines, while integrated in-flight connectivity and entertainment penetration remains estimated at about one-third.
- Government SATCOM GrowthGovernment SATCOM revenue increased 4% due to increased usage from U.S. and international governments. Management expects another year of growth in government SATCOM and said ViaSat-3 provides a unique ability to serve military Ka-band customers.
- Maritime NexusWave MomentumThe company ended the quarter with 1,990 higher-ARPU NexusWave vessels in service. Its outstanding order book exceeded 1,500 vessels, with 120 additional installations and 140 orders during October, and management expects significant growth in the NexusWave installed base.
- Direct-to-Device and Mobile Satellite Network ExpansionViasat is expanding its addressable L- and S-band mobile satellite services market through interoperable 3GPP, 5G and 6G non-terrestrial networking standards. In September, it executed a binding agreement with Space42 to establish Equatys, described as the first standards-based shared mobile satellite network infrastructure company.
- Equatys Partnership and International InterestManagement said Equatys is intended to be a neutral, trusted entity that can include multiple partners and enable countries or regions to share satellite capacity. Viasat reported interest from other countries and regions, including Europe, and cited meaningful European Space Agency contracts related to interoperability and European industrial capability.
- Lower Capital Intensity and DeleveragingManagement said the capital-intensive ViaSat-3 phase is behind the company and that peak capital expenditures are past. Fiscal 2027 capital expenditures are expected to be between $850 million and $900 million, and net debt relative to trailing adjusted EBITDA improved by 0.3x year-over-year to approximately 3.2x.
- Fiscal 2027 Revenue and Free Cash Flow GuidanceThe company continues to expect total fiscal 2027 revenue growth in the mid-single digits, with Communication Services expected to be flattish and DAT growth expected in the mid- to high teens. Management expects a meaningful second-half acceleration from backlog and award conversion and free cash flow of more than $225 million.
- Continued Investment in InnovationR&D increased by $18 million year-over-year as Viasat continued investing in PTS-G, direct-to-device, phased-array antennas for multi-orbit aviation and next-generation geostationary satellites. Management said these investments support future growth through innovation.
- Strategic Review and Shareholder Value FocusThe strategic review committee remains active and is evaluating ways to optimize the portfolio, improve capital efficiency and create long-term shareholder value. Management said the value of the company's underlying assets appears to be appreciating and that the range of strategic options may be growing.
- New Space Systems and NEXUS OpportunityViasat is moving from components and subsystems toward complete satellite payloads and space vehicles, including funded programs such as PTS-G. Management also highlighted a $460 million award for two NEXUS satellites intended to provide a commercial alternative for NASA's TDRS relay missions.
DE:VS1 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 09, 2027 | 2027 (Q3) | -0.48- | 0.16 | ― | ― |
| Nov 05, 2026 | 2027 (Q2) | -0.38-0.84 | -0.41 | -106.67% (-0.43) | |
| Aug 04, 2026 | 2027 (Q1) | -0.29-0.34 | -0.39 | 11.63% (+0.05) | |
| May 28, 2026 | 2026 (Q4) | -0.270.37 | -1.71 | 121.69% (+2.08) | |
| Feb 05, 2026 | 2026 (Q3) | -0.270.16 | -1.11 | 114.63% (+1.27) | |
| Nov 07, 2025 | 2026 (Q2) | -0.47-0.41 | -0.97 | 57.94% (+0.56) | |
| Aug 05, 2025 | 2026 (Q1) | -0.59-0.39 | -0.24 | -65.38% (-0.15) | |
| May 20, 2025 | 2025 (Q4) | -0.53-1.71 | -0.22 | -687.50% (-1.49) | |
| Feb 06, 2025 | 2025 (Q3) | -0.77-1.11 | 0.22 | -612.50% (-1.33) | |
| Nov 06, 2024 | 2025 (Q2) | -0.50-0.97 | 1.08 | -189.92% (-2.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
