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Gilat
(NASDAQ:GILT)
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Rating:64Neutral
Price Target:
$8.50
▼(-16.01% Downside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by solid underlying financial strength (notably a very low-debt balance sheet) and a positive guidance/backlog-supported earnings outlook, partially offset by weak recent cash conversion/negative TTM free cash flow and a clearly bearish technical setup (price below key moving averages with negative MACD). Valuation is mid-range and provides neither a clear bargain signal nor dividend support.
Positive Factors
Revenue Growth and Orders
Strong revenue and adjusted EBITDA growth indicates expanding demand across Gilat’s connectivity businesses. Continued orders in commercial, defense and mobility support customer adoption and provide a foundation for sustained scale, backlog conversion and operating leverage over coming quarters.
Negative Factors
Weak Cash Conversion
Negative recent free cash flow despite positive earnings indicates that working capital or investment requirements are absorbing reported profits. If cash conversion remains weak, Gilat may have less internally generated funding for growth and reduced flexibility around acquisitions or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Orders
Strong revenue and adjusted EBITDA growth indicates expanding demand across Gilat’s connectivity businesses. Continued orders in commercial, defense and mobility support customer adoption and provide a foundation for sustained scale, backlog conversion and operating leverage over coming quarters.
Read all positive factors
Gilat Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down sales across Gilat’s business lines—such as hardware (VSAT), services and managed networks, and carrier or defense contracts—so investors can see which segments drive growth, which deliver higher margins, and whether the company relies on a few large customers or recurring service revenue. Segment trends reveal exposure to contract timing, supply-chain swings, or shifting demand for satellite connectivity, helping assess the sustainability of future revenue and profit potential.
Breaks down sales across Gilat’s business lines—such as hardware (VSAT), services and managed networks, and carrier or defense contracts—so investors can see which segments drive growth, which deliver higher margins, and whether the company relies on a few large customers or recurring service revenue. Segment trends reveal exposure to contract timing, supply-chain swings, or shifting demand for satellite connectivity, helping assess the sustainability of future revenue and profit potential.
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The Fly
The FlyGilat (GILT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$606.22M
Dividend Yield14.16%
Average Volume (3M)723.22K
Price to Earnings (P/E)17.1
Beta (1Y)1.82
Revenue Growth39.47%
EPS Growth14.43%
CountryUS
Employees1,159
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.46
Shares Outstanding77,029,655
10 Day Avg. Volume1,103,629
30 Day Avg. Volume723,223
Financial Highlights & Ratios
PEG Ratio-1.81
Price to Book (P/B)1.54
Price to Sales (P/S)1.70
P/FCF Ratio83.72
Enterprise Value/Market Cap1.50
Enterprise Value/Revenue1.86
Enterprise Value/Gross Profit6.14
Enterprise Value/Ebitda16.73
Forecast
1Y Price Target
$20.00Price Target Upside97.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.62
Revenue Forecast (FY)$506.85M
Gilat Business Overview & Revenue Model
Company Description
Gilat Satellite Networks Ltd., along with its affiliated companies, delivers advanced satellite-based broadband communication solutions both in Israel and across international markets. Its operations are structured across three primary divisions: ...
How the Company Makes Money
Gilat primarily generates revenue by selling satellite communications equipment and by delivering related solutions and services that support the deployment and operation of satellite networks. Key revenue streams typically include: (1) Product an...
Gilat Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The earnings call presented a largely positive performance: strong top-line growth (17% YoY) and outsized adjusted EBITDA growth (31% YoY) with margin expansion, meaningful commercial and defense order flow, strategic acquisition that could materially scale Defense revenues, and healthy liquidity. Challenges include GAAP profitability pressure from one-time provisions, slight declines in non-GAAP gross margin and EPS dilution from an increased share count, working capital needs and currency headwinds, and pending regulatory and integration risks around the Comtech acquisition. On balance the positive operational momentum, orders, product progress (Sidewinder, SkyEdge, Viper Ka) and reiterated guidance outweigh the noted headwinds.Positive Updates
Revenue Growth
Q2 2026 revenue of $122.7 million, representing 17% year-over-year growth (vs. $105.0M in Q2 2025); H1 2026 revenue of $233.1 million.
Negative Updates
GAAP Profitability Compression
GAAP operating income fell to $4.7 million in Q2 2026 from $5.7 million in Q2 2025; GAAP net income declined to $8.1 million ($0.10 diluted EPS) from $9.8 million ($0.17) in Q2 2025, reflecting higher GAAP operating expenses (up to $32.6M from $26.2M) including an earn-out provision related to the DataPath acquisition.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Q2 2026 revenue of $122.7 million, representing 17% year-over-year growth (vs. $105.0M in Q2 2025); H1 2026 revenue of $233.1 million.
Read all positive updates
Company Guidance
Management reiterated 2026 guidance of $500–$520 million in revenue and $61–$66 million in adjusted EBITDA (about 13% revenue growth and 19% adjusted‑EBITDA growth at the midpoints), citing a strong Q2 ($122.7M revenue, $15.4M adjusted EBITDA, ~12.6% adjusted‑EBITDA margin vs ~11.2% a year ago) and H1 results of $233.1M revenue and $30.5M adjusted EBITDA; they also highlighted a healthy liquidity position of $159M and shareholders’ equity of $545M, while noting DSO of 110 days and an expected $3–$5M of incremental H2 operating expenses from unfavorable USD/ILS movements. They expect higher Defense shipments in H2, believe backlog and pipeline support the outlook, and said the Comtech Satellite & Space Communications acquisition (expected to more than double Gilat Defense revenues) is targeted to close toward year‑end subject to HSR, CFIUS and customary conditions.Gilat Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 487.79M | 451.66M | 305.45M | 266.09M | 239.84M | 214.97M |
| Gross Profit | 147.93M | 133.34M | 113.33M | 104.94M | 86.91M | 71.27M |
| EBITDA | 54.25M | 47.09M | 43.26M | 41.83M | 18.74M | 11.45M |
| Net Income | 30.27M | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
Balance Sheet | ||||||
| Total Assets | 761.17M | 740.43M | 429.75M | 426.89M | 385.41M | 367.74M |
| Cash, Cash Equivalents and Short-Term Investments | 159.22M | 185.43M | 119.38M | 103.96M | 86.59M | 84.02M |
| Total Debt | 9.62M | 11.16M | 8.57M | 14.90M | 3.83M | 4.10M |
| Total Liabilities | 216.56M | 240.15M | 125.31M | 152.20M | 141.29M | 119.41M |
| Stockholders Equity | 544.61M | 500.28M | 304.44M | 274.69M | 244.13M | 248.32M |
Cash Flow | ||||||
| Free Cash Flow | -3.23M | 9.19M | 25.06M | 21.20M | -1.98M | 9.97M |
| Operating Cash Flow | 8.96M | 20.68M | 31.67M | 31.94M | 10.81M | 18.90M |
| Investing Cash Flow | -43.79M | -136.37M | -6.61M | -12.69M | -8.16M | -11.09M |
| Financing Cash Flow | 114.63M | 163.20M | -8.11M | -1.59M | 0.00 | -39.00M |
Gilat Technical Analysis
Negative
10.12
Price Trends
9.76
Negative
11.16
Negative
14.14
Negative
Market Momentum
-0.60
Positive
26.83
Positive
9.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GILT, the sentiment is Negative. The current price of 10.12 is above the 20-day moving average (MA) of 9.01, above the 50-day MA of 9.76, and below the 200-day MA of 14.14, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 26.83 is Positive, neither overbought nor oversold. The STOCH value of 9.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GILT.
Gilat Risk Analysis
Gilat disclosed 60 risk factors in its most recent earnings report. Gilat reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gilat Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.84B | 57.92 | 7.39% | ― | 20.26% | 11.95% | |
64 Neutral | $606.22M | 17.10 | 6.14% | 14.16% | 39.47% | 14.43% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $1.17B | -25.78 | -12.23% | ― | -28.05% | -171.21% | |
57 Neutral | $623.49M | -15.70 | -8.42% | ― | -0.70% | -141.66% | |
55 Neutral | $251.64M | 101.66 | 0.95% | ― | 1.17% | 95.38% | |
46 Neutral | $545.11M | -21.06 | -18.82% | 4.42% | 15.75% | 78.71% |
* Technology Sector Average
GILT
Gilat
7.45
-6.89
-48.05%
ADTN
Adtran
6.45
-3.31
-33.91%
AVNW
Aviat Networks
18.73
-5.60
-23.02%
DGII
Digi International
72.80
33.65
85.95%
HLIT
Harmonic
10.09
-0.31
-2.98%
NTGR
Netgear
22.31
-9.88
-30.69%
Gilat Corporate Events
Gilat to Release Q3 2026 Results and Host Investor Calls in November
Oct 15, 2026
Gilat Satellite Networks announced on October 15, 2026, that it will publish its third-quarter 2026 financial results on Tuesday, November 10, 2026. The satellite networking company plans to follow the release with investor-facing conference calls...
Gilat Wins Over $8 Million in U.S. Defense SATCOM Orders
Oct 8, 2026
On October 8, 2026, Gilat Satellite Networks said its Gilat DataPath unit secured more than $8 million in additional orders from the U.S. Department of War. The contracts cover field services and SATCOM system upgrades for deployed U.S. military c...
Gilat Wins Over $10 Million in Additional SkyEdge IV Orders From Leading Satellite Operator
Oct 7, 2026
On October 7, 2026, Gilat Satellite Networks announced it had secured more than $10 million in additional orders from a leading satellite operator for its multi-orbit SkyEdge IV platform, with deliveries scheduled over the next 12 months. The deal...
Gilat Wins $28 Million Contract to Boost Broadband Connectivity in Peru’s Ica Region
Oct 5, 2026
On October 5, 2026, Gilat Satellite Networks announced that its Peruvian subsidiary, Gilat Perú, signed a $28 million agreement with Pronatel, Peru’s national telecommunications program, to upgrade broadband infrastructure in the Ica re...
Gilat Wins $32 Million U.S. Defense Deal for Multi‑Band DKET Systems
Sep 9, 2026
Gilat Satellite Networks’ defense division has secured a major expansion of its U.S. military business, underscoring the company’s role as a provider of resilient satellite‑based communications and deployable gateway systems. Ope...
Gilat Shareholders Approve Board, Capital and Pay Changes at September 8 AGM
Sep 8, 2026
At its Annual General Meeting of Shareholders held on September 8, 2026 in Petah Tikva, Gilat Satellite Networks Ltd. approved a slate of corporate governance and capital structure resolutions, including setting its board size at seven and re-elec...
Gilat Raises $100 Million via Convertible Notes to Fund Next-Gen Satellite Expansion
Sep 8, 2026
On September 7, 2026, Gilat Satellite Networks completed a $100 million private placement of senior unsecured convertible notes, issued in Israel under Regulation S and not offered to U.S. investors. The notes carry a 3.75% annual coupon, maturing...
Gilat Updates Executive Pay Policy Ahead of September 8 Shareholder Meeting
Aug 31, 2026
Gilat Satellite Networks Ltd. is an Israel-based provider of satellite networking technology and broadband communication solutions for telecom operators, enterprises and governments worldwide. Operating as a global high-technology company, it stru...
Gilat Raises $100 Million via Convertible Notes to Fund Next-Gen Space Investments
Aug 31, 2026
On August 31, 2026, Gilat Satellite Networks announced it had secured commitments from Israeli institutional investors for a $100 million private placement of five-year senior unsecured convertible notes, expected to close on September 1, 2026. Th...
Gilat Wins $14 Million Fiber Broadband Deal to Boost Connectivity in Peru’s Ayacucho Region
Aug 17, 2026
On August 17, 2026, Gilat Satellite Networks announced that its Peruvian subsidiary, Gilat Perú, signed a $14 million agreement with the Regional Government of Ayacucho to build a fiber-optic broadband network in southern Ayacucho under Peru&...
Gilat Sets September 8, 2026 Annual Meeting to Vote on Governance, Capital and Executive Pay
Aug 10, 2026
Gilat Satellite Networks has called its Annual General Meeting of Shareholders for September 8, 2026, in Petah Tikva, Israel, with shareholders of record as of August 10, 2026 entitled to vote. The agenda includes setting the board size at seven, ...
Gilat Files Mid‑Year 2026 Unaudited Financials on Form 6‑K
Aug 10, 2026
Gilat Satellite Networks has filed a Form 6-K with the U.S. Securities and Exchange Commission for August 2026, furnishing its condensed interim unaudited consolidated financial statements as of June 30, 2026, along with results for the six months...
Gilat Posts Strong Q2 2026 Results as Comtech Acquisition Advances
Aug 5, 2026
On August 5, 2026, Gilat reported unaudited results for the second quarter ended June 30, 2026, posting a 17% year‑on‑year revenue increase to $122.7 million and a 31% rise in adjusted EBITDA to $15.4 million. While GAAP operating and ...
Gilat Calls September 8 Shareholder Meeting to Approve Governance, Capital and Compensation Changes
Aug 4, 2026
Gilat Satellite Networks has convened its Annual General Meeting of Shareholders for September 8, 2026, at its Petah Tikva headquarters, with shareholders of record as of August 10, 2026 entitled to vote. The agenda includes setting the board size...
Gilat Satellite Networks Sets August Investor Conference Appearances
Jul 30, 2026
On July 30, 2026, Gilat Satellite Networks announced that its management will participate in two investor conferences in August, underscoring its efforts to engage with the capital markets and highlight its satellite networking strategy. The compa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.