ViaSat po poslední výsledkové zprávě za poslední měsíc odepsal asi 13,7 % a zaostal za S&P 500. Tržby ve 1. čtvrtletí klesly na 1,16 miliardy USD, ale upravený zisk na akcii činil 17 centů a překonal odhady.
A month has gone by since the last earnings report for ViaSat (VSAT - Free Report) . Shares have lost about 13.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is ViaSat due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Viasat Inc. before we dive into how investors and analysts have reacted as of late.
Viasat reported mixed first-quarter fiscal 2027 results, with revenues missing the Zacks Consensus Estimate and earnings beating the consensus estimate.
The company reported a year-over-year revenue decline, reflecting ongoing headwinds in portions of its legacy commercial services portfolio and lower IP licensing revenues. However, its bottom line improved as reduced interest expense, driven by continued debt repayment, outweighed the impact of lower revenues.
Net Income
Viasat reported a net loss of $51.7 million or a loss of 38 cents per share compared with a net loss of $56.4 million or a loss of 43 cents per share in the prior-year quarter. The narrower loss was due to lower interest expense during the quarter.
Excluding non-recurring items, Viasat reported non-GAAP net income of $24.5 million or 17 cents per share compared with $23.1 million or 17 cents per share in the prior-year period. The bottom line beat the Zacks Consensus Estimate of 10 cents.
Revenues
Revenues declined to $1.16 billion from $1.17 billion. The figure missed the consensus estimate of $1.2 billion. Product revenues were $324.1 million, down from $344.7 million in the year-ago quarter. Service revenues increased to $832.4 million from $826.4 million a year ago.
Revenues from the Communication Services segment were $825.1 million, down from $827.4 million in the prior-year quarter. The marginal revenue decline reflected lower contributions from residential fixed broadband and maritime services, which offset continued growth in aviation and government Satellite Communications. The segment’s adjusted EBITDA decreased to $311.3 million from $321.5 million.
Revenues from the Defense and Advanced Technologies (DAT) segment were $331.5 million, down 4% year over year, primarily due to weaker contributions from Advanced Technologies & Other and Space and Mission Systems, despite strong Tactical Networking growth. Adjusted EBITDA decreased to $69.9 million from $86.9 million in the year-ago quarter.
Other Details
In the June quarter, Viasat reported an operating income of $47.3 million compared with $46.7 million in the prior-year quarter. Adjusted EBITDA was $381.1 million, down from $408.5 million in the year-ago quarter. The net contract awards increased to $1.3 billion from $1.18 billion a year ago, while the backlog increased 19% year over year to $4.22 billion.
Cash Flow & Liquidity
During the first quarter of fiscal 2027, Viasat generated an operating cash flow of $260.6 million compared with $258.5 million in the prior-year period. As of June 30, 2026, the company had $1.74 billion in cash and cash equivalents, with a net debt of $4.83 billion.
Outlook
For fiscal 2027, management expects mid-single-digit revenue growth and flat to slightly up adjusted EBITDA year over year. Viasat anticipates the Communication Services segment’s low single-digit year-over-year revenue performance, due to continued growth in aviation services, offset by a decline in FS&O. DAT revenue growth is anticipated to be in the mid-teens, primarily driven by strong growth in information security and cyber defense, as well as space and mission systems and tactical networking.
Capital expenditure is expected to be between $950 million and $1 billion (including approximately $250-$300 million for Inmarsat-related capital expenditures). The company’s operating cash flow is expected to be flat year over year, and the free cash flow is anticipated to be approximately $180 million (excluding the benefit of the Ligado lump sum payments, as they are non-recurring).
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -13.33% due to these changes.
VGM ScoresCurrently, ViaSat has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of A on the value side, putting it in the top 20% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions has been net zero. Notably, ViaSat has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerViaSat is part of the Zacks Wireless Equipment industry. Over the past month, Nokia (NOK - Free Report) , a stock from the same industry, has gained 2.7%. The company reported its results for the quarter ended June 2026 more than a month ago.
Nokia reported revenues of $5.6 billion in the last reported quarter, representing a year-over-year change of +8.5%. EPS of $0.08 for the same period compares with $0.05 a year ago.
Nokia is expected to post earnings of $0.08 per share for the current quarter, representing a year-over-year change of +14.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Nokia. Also, the stock has a VGM Score of D.
Viasat uvedl do provozu satelit ViaSat-3 F3, který nyní nabízí kapacitu zákazníkům v Asii a Tichomoří. Jde o začátek generování tržeb z provozu tohoto satelitu.
CARLSBAD, Calif., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communication technology, today announced that its ViaSat-3 F3 satellite has entered service, with capacity now available for customers operating across fast-growing markets in the Asia-Pacific region. The milestone marks the beginning of revenue-generating operations for one of the most advanced high throughput communications satellites ever deployed. ViaSat-3 F3 is expected to deliver greater flexibility, coverage, and capacity with competitive bandwidth economics driving new growth opportunities across Viasat's markets.
"Viasat-3 F3’s advanced technology, including its ability to maximize regional capacity density on demand within premium mobility markets, will drive growth and improved blended average yield and incremental cash economics across our portfolio,” said Mark Dankberg, Chairman and CEO of Viasat. “Asia-Pacific presents a unique challenge for satellite connectivity, with demand concentrated in specific corridors and markets across a vast geography. ViaSat-3 F3 gives us the flexibility to direct high operating leverage capacity where demand and opportunity are greatest.”
ViaSat-3 F3 is designed to deliver more than one terabit per second of throughput capacity and is the second of three satellites in Viasat's next-generation Ka-band constellation. This enhanced capacity will allow the company to pursue growth opportunities in underpenetrated attractive markets.
ViaSat-3 constellation nearing completion
With ViaSat-3 F1 in service since 2024, ViaSat-3 F3's service entry brings the company’s next-generation ViaSat-3 fleet to two high throughput satellites. ViaSat-3 F2, which will serve the Americas, is in the final stages of in-orbit testing and expected to enter service soon, at which point the company's next-generation constellation will be complete.
About Viasat
Viasat is a global technology company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are — on the ground, in the air or at sea — while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
Viasat, Inc. Contacts
Scott Goryl / Daniel Bleier, Corporate Communications, [email protected]
Lisa Curran / Peter Lopez, Investor Relations, [email protected]
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements related to the performance, capabilities and anticipated benefits of the ViaSat-3 satellites, including expected capacity, coverage and flexibility; anticipated timing of ViaSat-3 F2 service entry; and anticipated financial and operational impacts, including revenue generation and growth opportunities. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with operation of the ViaSat-3 class satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; the ability to realize the anticipated benefits of the ViaSat-3 satellite platforms; unexpected expenses or delays related to the satellite system; the ability to successfully implement Viasat's business plan for broadband satellite services on Viasat's anticipated timeline or at all, including with respect to the ViaSat-3 satellite platform; contractual problems, product defects, manufacturing issues or delays; regulatory issues; technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the connectivity sector, generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83b43949-4417-429b-9052-0fc9cbba352a
ViaSat-3 F3 satellite over Asia-Pacific ViaSat-3 F3 is one of the most advanced high throughput communications satellites ever deployed. Via...
Viasat rozšiřuje vládní byznys: do HaloNetu integruje IDRS od Addvalue pro spojení s LEO družicemi. Nabídka má zjednodušit nákup a posílit podporu misí.
Key Takeaways VSAT will integrate Addvalue's IDRS into HaloNet to expand government-focused space communications.IDRS uses Viasat's GEO L-band network to maintain persistent links with LEO spacecraft for faster response.The unified offering combines terminals, connectivity and mission support to simplify procurement. Viasat, Inc. (VSAT - Free Report) is deepening its presence in the U.S. government space communications market through an agreement with Addvalue Solutions. Per the deal, Addvalue’s Inter-satellite Data Relay Service (“IDRS”) will be integrated into Viasat’s HaloNet managed services portfolio. The partnership supports Viasat’s efforts to provide responsive, space-based connectivity for government missions.
It will enable the company to provide U.S. government agencies and suppliers with satellite terminals, connectivity, integration and mission support through a unified solution. It will simplify procurement and enhance Viasat’s ability to serve customers operating low Earth orbit (LEO) spacecraft.
The collaboration enhances the company’s real-time space communications capabilities, with IDRS leveraging Viasat’s GEO L-band network to maintain persistent links with LEO spacecraft. This enables government mission teams to respond more quickly to satellite tasking, transfer time-sensitive data and address spacecraft issues, improving operational responsiveness when timely access to orbital assets is critical.
As U.S. government agencies increase the deployment of LEO assets for defense, observation and other critical missions, Viasat is likely to benefit from growing demand for seamless low-latency connectivity. This initiative could support the company’s government business while creating opportunities across emerging satellite applications.
How Are Competitors Advancing?Viasat faces competition from Nokia Corporation (NOK - Free Report) and Comtech Telecommunications Corp. (CMTL - Free Report) . Nokia is expanding its government communications business with secure 4G and 5G networks for mission-critical operations. The company is working with partners to improve connectivity for field teams and unmanned systems, enabling faster data sharing and coordination. Nokia is also developing AI-based technologies to help government agencies analyze data and make quicker decisions.
Comtech is advancing its Public-sector communications with secure, software-defined SATCOM technologies. Its multi-orbit tactical modem, developed with L3Harris, supports connectivity across multiple satellite orbits. The company is also developing flexible systems to help government users maintain reliable communications in challenging environments.
Viasat's Price Performance, Valuation & EstimatesViasat shares have skyrocketed 120.9% over the past year compared with the industry’s growth of 29.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, Viasat trades at a forward price-to-sales ratio of 1.98, below the industry tally of 4.98.
Image Source: Zacks Investment Research
Earnings estimates for 2027 have increased 60% to 32 cents over the past 60 days, while the same for 2028 has decreased 29.3% to 29 cents.
Image Source: Zacks Investment Research
Viasat currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Viasat spolupracuje s Rocket Lab na vývoji satelitní platformy pro program PTS-G amerických vesmírných sil. Součástí dohody je i pět let provozu, údržby a kybernetických služeb.
Key Takeaways VSAT is partnering with Rocket Lab to develop a satellite bus for the U.S. Space Force's PTS-G program.The satellite will pair Viasat's dual-band X/Ka payload with Rocket Lab's GEO-configured Lightning bus.VSAT will provide five years of operations, sustainment and cybersecurity services for the satellite. Viasat, Inc. (VSAT - Free Report) is expanding its presence in military satellite communications through a partnership with Rocket Lab Corporation (RKLB - Free Report) to develop a satellite bus for the U.S. Space Force’s Protected Tactical SATCOM-Global (PTS-G) program. The agreement supports Viasat’s efforts to provide advanced communications capabilities for critical defense missions.
Per the deal, Viasat will use Rocket Lab’s GEO-configured Lightning spacecraft platform as the satellite bus for its dual-band X/Ka communications payload. The satellite will combine the company’s communications technology with Rocket Lab’s vertically integrated systems, including power, radios, navigation components and flight software, to support reliable connectivity for the United States and allied forces operating in contested environments.
The company is strengthening its focus on dual-use satellite technologies for government and commercial applications through the program. Viasat will also provide five years of operations and sustainment services, including tracking, telemetry and command, satellite and network operations, and cybersecurity.
As defense spending increases and demand for secure satellite communications grows, the collaboration is likely to help Viasat expand its government business and benefit from rising demand for advanced military connectivity.
How Are Competitors Advancing in the Defense Sector?Viasat faces competition from Nokia Corporation (NOK - Free Report) and Comtech Telecommunications Corp. (CMTL - Free Report) . Nokia is strengthening its defense business with secure wireless communication solutions for military and government use. The company is working to provide reliable connectivity for defense operations and support modern security needs. Nokia is adding AI-ready technology to its defense networks to enable faster data analysis and decision-making.
Comtech is strengthening its communications portfolio with technologies designed for defense and other mission-critical applications. The company introduced a multi-orbit tactical SATCOM modem with L3Harris, supporting military users across different satellite networks. Comtech is expanding its satellite ground and communications technologies to support reliable connectivity for defense and government customers.
Viasat's Price Performance, Valuation & EstimatesViasat shares have skyrocketed 188.1% over the past year compared with the industry’s growth of 38.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, Viasat trades at a forward price-to-sales ratio of 2.13, below the industry tally of 4.99.
Image Source: Zacks Investment Research
Earnings estimates for 2027 have increased 60% to 32 cents over the past 60 days, while the same for 2028 has decreased 29.3% to 29 cents.
Image Source: Zacks Investment Research
Viasat currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Viasat vybrala Rocket Lab k výrobě satelitního busu pro program Protected Tactical SATCOM-Global (PTS-G) americké Space Force. Zakázka zahrnuje mini-GEO satelitní systém s dual-band X/Ka-band payload.
CARLSBAD, Calif., and LONG BEACH, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it selected Rocket Lab Corporation (Nasdaq: RKLB), a leading launch and space systems company, to build a satellite bus for the U.S. Space Force’s (USSF) Space Systems Command (SSC) under the Protected Tactical SATCOM-Global (PTS-G) program. On May 22, 2026, Viasat was awarded a prime contract to deliver one of the first small, maneuverable geosynchronous Earth orbit (GEO) satellites for the PTS-G constellation. The initial production award, known as Swarm 1, includes manufacturing, integration and test, launch, and on-orbit checkout of the mini-GEO satellite system.
PTS-G is a key part of USSF’s strategy to deliver global, resilient, and scalable satellite communications to warfighters by leveraging commercial designs and technology to support smaller, faster-to-produce satellites with enhanced anti-jam capabilities. Viasat’s government space team within its Defense and Advanced Technologies segment will lead this work to advance the PTS-G initial operating capability.
Rocket Lab will deliver a GEO configuration of its high-performance Lightning spacecraft platform to host Viasat's dual-band X/Ka-band payload. Lightning-GEO features a high-power architecture built with Rocket Lab's own vertically integrated components and subsystems, including tracking, telemetry, and command (TT&C) radios, solar power, star trackers, reaction wheels, flight and ground software, and more.
The combination of Rocket Lab's high reliability Lightning platform and Viasat's mini-GEO satellite architecture and high-performance payload will provide secure communications for the warfighter. This mini-GEO satellite will provide a next-generation, anti-jam, resilient communications capability designed to ensure secure connectivity for U.S. and allied forces operating in contested environments around the world.
Viasat will provide its technical and operational expertise designing and delivering high-performance dual-use satellite solutions, as well as a deep understanding of USSF and U.S. Department of War mission requirements. Rocket Lab's GEO configuration also leverages commercial solutions, further supporting the Space Force's push toward more resilient architecture based on scaled commercial capability.
“This production award represents an important step forward in delivering the next generation of protected satellite communications capabilities for the U.S. Space Force,” said Craig Miller, President, Viasat Government. “By combining Viasat's cutting-edge communications payload technology with Rocket Lab's proven spacecraft platform, we are advancing a more agile and resilient GEO architecture designed to support mission-critical communications hot spots in contested environments. We are excited to showcase how low cost, high performance dual-use technology can provide reliable connectivity for evolving missions in an increasingly contested tactical communications environment.”
Rocket Lab Founder and CEO, Sir Peter Beck said: “Moving from design into production marks an important milestone for this program and for Rocket Lab's growing role in national security space. By pairing our vertically integrated spacecraft with Viasat's protected communications payload, we're delivering resilient, space-based communications infrastructure that keeps our forces connected and secure in contested environments.”
Viasat's award is one of two delivery orders issued under a competitive Fair Opportunity acquisition, reflecting the Space Force's strategy of building a diversified, resilient PTS-G architecture. In addition to delivering the spacecraft and payload, the Viasat PTS-G award also includes five years of operations and sustainment services for the satellite, including TT&C, satellite and network operations, and cybersecurity requirements.
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.
Viasat, Inc. Contacts
Dan Bleier, Public Relations, Viasat Government, +1 (202) 383-5074, [email protected]
Peter Lopez, Investor Relations, +1 (760) 476-2633, [email protected]
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to Viasat’s PTS-G program Swarm 1 Delivery Order award, including the anticipated production, launch, delivery and performance of the Viasat dual-band X/Ka-band satellite; future operations and sustainment services for the satellite; and statements regarding Rocket Lab’s Lightning-GEO spacecraft platform, including anticipated production, configuration, delivery, and performance; and Viasat’s receipt of any future manufacturing or other awards related to the program. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; changes in relationships with, or the financial condition of, key customers or suppliers; our reliance on a limited number of third parties to manufacture and supply our products; our ability to successfully develop, introduce and sell new technologies, products and services; increased competition; the effect of adverse regulatory changes (including changes affecting spectrum availability or permitted uses) on our ability to sell or deploy our products and services; changes in the way others use spectrum; our inability to access additional spectrum, use spectrum for additional purposes, and/or operate satellites at additional orbital locations; competing uses of the same spectrum or orbital locations that we utilize or seek to utilize; and introduction of new technologies and other factors affecting the communications and defense industries generally. Forward-looking statements related to Rocket Lab are subject to similar risks, including those associated with Rocket Lab’s spacecraft platform development, production, operations, and subsystem performance. In addition, please refer to the risk factors contained in Viasat’s and Rocket Lab’s respective SEC filings available at www.sec.gov, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Neither Viasat nor Rocket Lab undertakes any obligation to update or revise any forward-looking statements for any reason.
Viasat posouvá ViaSat-3 blíž ke komerčnímu provozu: Flight 2 dokončil veškeré testy na oběžné dráze a Flight 3 je po nasazení reflektoru a ramene v testování. Firma čeká, že nová kapacita podpoří letectví, námořní, firemní i vládní služby.
Key Takeaways Viasat is advancing ViaSat-3 toward commercial service with key deployment milestones completed.VSAT expects expanded capacity to support aviation, maritime, enterprise and government services.Viasat reported record awards and backlog, but customer adoption remains the key milestone. The next phase of Viasat's (VSAT - Free Report) ViaSat-3 constellation marks one of the company's most important operational milestones. As additional satellites move closer to commercial service, investors are evaluating whether the expanded network can accelerate growth across aviation, maritime, enterprise and government markets. While the technology promises meaningful long-term benefits, the pace of commercialization and customer adoption will ultimately determine whether ViaSat-3 becomes a major earnings driver.
Why ViaSat-3 Matters for ViasatThe ViaSat-3 program represents the foundation of Viasat's next-generation global satellite network. During the first quarter of fiscal 2027, ViaSat-3 Flight 2 completed all bus in-orbit testing and is expected to enter commercial service by September 2026. Following quarter-end, Flight 3 completed reflector and boom deployment, entered in-orbit testing and remains on track for commercial service across the Asia-Pacific region in late August or early September 2026. These milestones significantly reduce deployment uncertainty and move the constellation closer to full commercial operation.
Management believes the additional satellite capacity, broader geographic coverage and flexible beamforming capabilities will improve network efficiency, customer experience and capital utilization while strengthening Viasat's ability to compete across multiple connectivity markets.
Where New Capacity Could Generate GrowthThe expanded ViaSat-3 network is expected to create growth opportunities across several higher-value business segments. In aviation, additional bandwidth should enhance passenger connectivity while supporting airlines seeking more reliable in-flight internet services. Maritime customers may also benefit from improved multi-orbit connectivity through Viasat's NexusWave platform, which continues gaining commercial adoption. Enterprise customers could gain access to broader coverage and higher-capacity services, while government agencies may benefit from more resilient and flexible communications infrastructure.
Management also expects greater bandwidth availability, flexible beamforming and AI-driven network optimization to improve capacity utilization, lower effective airtime costs and allow network resources to be allocated more efficiently as customer demand evolves. These operational improvements could support higher-value services while improving returns on invested capital over time.
Execution Remains the Biggest VSAT TestAlthough deployment progress has been encouraging, launching satellites represents only the first step in realizing the investment opportunity. The larger challenge is successfully commercializing the expanded network. Investors will closely monitor customer adoption, capacity utilization, pricing, revenue conversion and profitability as ViaSat-3 enters service. Delays in customer onboarding or slower-than-expected monetization could postpone the financial benefits anticipated from the new constellation.
Competition also remains intense across satellite communications. Viasat competes with Iridium Communications Inc. (IRDM - Free Report) and AST SpaceMobile, Inc. (ASTS - Free Report) . Iridium continues to benefit from strong demand for its global L-band satellite network serving government, aviation and maritime customers. Meanwhile, AST SpaceMobile is developing a space-based cellular broadband network designed to deliver direct-to-device connectivity through partnerships with mobile network operators. As a result, Viasat must execute successfully while continuing to differentiate its services in an increasingly competitive industry.
How Government Demand Supports the StoryGovernment demand provides another important source of long-term growth beyond commercial broadband. During the first quarter, Viasat reported approximately $1.3 billion in company-wide awards and record backlog, supported by the next phase of the Protected Tactical SATCOM-Global (PTS-G) program. Management also highlighted growing government SATCOM demand and its largest-ever government opportunity pipeline, reflecting increasing demand for resilient, multi-orbit communications architectures.
Executives believe future growth will increasingly come from integrated government communications, cybersecurity, tactical networking and advanced space technologies that combine commercial and national security capabilities. These businesses could provide a more diversified revenue base while complementing the commercial opportunities created by the ViaSat-3 constellation.
How the Zacks Rank Frames This OpportunityThe stock currently carries a Zacks Rank #3 (Hold), reflecting a balanced investment outlook as Viasat enters the next phase of its satellite expansion. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Viasat also has a Value Score of B, Growth Score of B, Momentum Score of F and VGM Score of B. The favorable Value and Growth Scores indicate reasonable valuation characteristics and improving long-term business prospects, while the VGM Score of B reflects a balanced combination of value and growth factors. However, the Momentum Score of F suggests weaker momentum characteristics under the Zacks methodology despite the stock's recent advance.
Overall, the successful rollout of the ViaSat-3 constellation has the potential to reshape Viasat's long-term growth profile by expanding capacity across higher-value commercial and government markets. However, commercialization, customer adoption and revenue conversion remain the critical milestones investors should monitor.
Viasat vykázal ve 1. čtvrtletí fiskálního roku 2027 volný peněžní tok 72 milionů USD a potvrdil celoroční výhled. Tahounem byly obranné zakázky a růst vládních satelitních služeb, zatímco pevné širokopásmové připojení a maritime zůstaly pod tlakem.
Viasat's Orbiting Profits: Space Force Jackpot?Viasat NASDAQ: VSAT reported first-quarter fiscal 2027 results that included positive free cash flow, rising government satellite communications revenue and record awards and backlog in its Defense & Advanced Technologies segment, while legacy fixed broadband and maritime businesses remained under pressure.
Revenue totaled $1.2 billion, down about 1% from the prior-year quarter. Adjusted EBITDA was $381 million, down 7%, while net loss improved by $5 million to $52 million, principally because of lower interest expense, Chief Financial Officer Gary Chase said. The company maintained its fiscal 2027 outlook for mid-single-digit revenue growth, adjusted EBITDA ranging from flat to slightly higher, and approximately $180 million in free cash flow.
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3 Satellite Stocks To Check Out Before SpaceX's IPOChase said comparisons with the prior year were affected by Viasat's sale of its Navarino equity interest and lower intellectual-property licensing revenue. Together, those items reduced year-over-year EBITDA comparisons by $22 million. Excluding those effects, revenue would have been flat and adjusted EBITDA would have been roughly unchanged, he said.
Cash flow and leverage improve Viasat generated $72 million in free cash flow during the quarter, excluding roughly $30 million in cash taxes related to the Navarino sale. The result represented a 19% increase from the previous year and was supported by operating cash flow of $291 million, up 13%. Capital expenditures rose 11% to $219 million.
Small-Cap Standouts: These 3 Stocks Rose Over 300% in 2025“The first quarter is typically our toughest cash quarter given annual bonus payments,” Chase said, adding that he was pleased with the company’s cash generation.
Net debt relative to trailing EBITDA was approximately 3.2 times, improving 0.4 turns from the prior-year period. Chase also said Viasat moved an additional $100 million in cash from Inmarsat to Viasat during the quarter, bringing the cumulative amount transferred to $450 million.
For the full fiscal year, the company expects consolidated capital expenditures of $950 million to $1 billion. That includes about $400 million of maintenance spending, more than $150 million of capitalized interest, approximately $50 million related to ViaSat-3, up to $150 million of success-based spending, and $225 million to $250 million in growth capital expenditures.
Defense awards and government SATCOM growth Company-wide awards rose 10% to about $1.3 billion, while backlog increased nearly 19% to $4.2 billion. Defense & Advanced Technologies, or DAT, awards increased 22% to $524 million, led by Space and Mission Systems and Tactical Networking. DAT backlog rose 32% from the previous year.
Chairman and Chief Executive Officer Mark Dankberg highlighted the company’s win for the next phase of the Protected Tactical SATCOM-Global program. He said the award reflected demand for multi-orbit national security capabilities and Viasat’s ability to combine space technology, mission systems and dual-use satellite services.
DAT revenue declined 4% to $331 million, primarily due to lower IP licensing revenue and declines in Space and Mission Systems. However, Tactical Networking revenue rose 36%, driven by tactical communications products and TrellisWare international product sales. Chase said Viasat expects strong fiscal-year growth in encryption, Space and Mission Systems, and Tactical Networking despite first-quarter timing issues.
Government SATCOM services revenue within Communication Services increased 10%, supported by greater usage from U.S. and international government customers. Dankberg said the company expects technology development and operational demonstration contracts in DAT to create opportunities for both government and commercial recurring satellite services over time.
Communication Services shows mixed performance Communication Services revenue was flat at $825 million, as growth in aviation and government SATCOM offset declines in residential fixed broadband and maritime. Segment adjusted EBITDA declined 3% to $311 million, reflecting weakness in Fixed Services and Other, maritime pressure and the absence of Navarino’s prior-year contribution.
Aviation revenue increased 11%. Viasat ended the quarter with about 4,530 commercial aircraft in service, up 10% year over year, and approximately 850 commercial aircraft in its in-flight connectivity backlog. The company expects aviation revenue growth to continue as more customers adopt full fast free offerings, raising average revenue per aircraft, although aircraft unit counts are expected to remain near the first-quarter ending level.
Maritime revenue declined 7% as vessels in service fell. Viasat had more than 1,700 NexusWave vessels in service and an order book exceeding 1,400 vessels. Management said it is working to improve installation rates and distribution arrangements, while expecting the NexusWave installed base to grow significantly.
Fixed Services and Other revenue fell 27% as U.S. fixed-broadband subscribers continued to decline. Viasat ended the quarter with 115,000 subscribers and average revenue per user of $111. Chase said the company expects fixed broadband declines to continue until after ViaSat-3 Flight 2 enters service.
ViaSat-3 deployments advance Dankberg said Viasat completed all bus deployment and in-orbit testing activities for ViaSat-3 Flight 2. Subsequent to quarter-end, the company completed reflector and boom deployment for ViaSat-3 Flight 3, which entered in-orbit testing ahead of anticipated Asia-Pacific service entry in late August or early September.
The new Ka-band satellites are intended to support broadband connectivity in aviation, maritime, government mobility and fixed markets. Dankberg said the company expects growth in aviation and government markets to be driven by both a rising number of connected platforms and greater bandwidth consumption per platform.
Management also discussed its Equatys initiative, saying the next major disclosure is expected to concern funding for an initial satellite constellation. Dankberg said the L- and S-band constellation could materially expand capacity for mobile satellite services applications, including direct-to-device, government, unmanned vehicle and safety-related uses.
Viasat said its strategic review remains ongoing. Dankberg said management is evaluating how to maximize shareholder value from its DAT business and spectrum assets, but does not want to make a premature separation decision while competitive and geopolitical conditions continue to evolve.
About Viasat (NASDAQ:VSAT)Viasat, Inc NASDAQ: VSAT provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.
Viasat's product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.
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Viasat oznámil zisk 17 centů na akcii, nad odhadem ztráty 30 centů, ale tržby 1,16 miliardy USD zaostaly za očekáváním 1,2 miliardy USD. Akcie VSAT v prodlouženém obchodování klesly o 7,66 %.
VSAT stock is moving. Watch the price action here. Viasat Q2 Details Viasat reported quarterly earnings of 17 cents per share, which beat the consensus estimate for losses of 30 cents, according to Benzinga Pro data.
Quarterly revenue came in at $1.16 billion, which missed the Street estimate of $1.2 billion and was down from $1.17 billion in the same period last year.
Viasat said the revenue decline primarily reflected a 4% year-over-year decrease in the Defense and Advanced Technology segment, while the Communication Services segment revenue remained flat year-over-year.
“The first quarter of fiscal year 2027 was marked by disciplined execution, operational progress — including on the ViaSat-3 (VS-3) satellites — and strong awards in growing business areas that reinforce our confidence in targeting new markets, our competitive positions, and our ongoing growth prospects,” said CEO Mark Dankberg.
VSAT Stock Price Activity: According to data from Benzinga Pro, Viasat stock was down 7.66% to $79.56 in Tuesday’s extended trading.
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
Viasat čeká za 1Q fiskálního roku 2027 růst tržeb na 1,20 mld. USD díky komerčnímu letectví a vládní poptávce. Ziskovost ale mohou tlačit dolů vyšší investice do satelitní sítě a financování.
Key Takeaways VSAT is expected to post higher Q1 fiscal 2027 revenues, led by commercial aviation and government demand.Viasat's ViaSat-3 F3 rollout is expected to expand Asia-Pacific capacity and support connectivity services.VSAT may face earnings pressure from satellite investments, financing costs and competitive markets. Viasat, Inc. (VSAT - Free Report) is set to report first-quarter fiscal 2027 results on Aug. 4, after the closing bell. It pulled off a trailing four-quarter earnings surprise of 498.46%, on average, beating estimates on the previous three occasions and missing once.
The company is expected to record year-over-year revenue growth, driven by strength in its commercial aviation and government businesses, supported by the commercial rollout of ViaSat-3 F3. However, higher satellite network investments, elevated capital spending and financing costs are likely to have weighed on the bottom line.
Factors at PlayDuring the first quarter of fiscal 2027, Viasat is expected to have benefited from the commercialization of ViaSat-3 F3, which expands network capacity across the Asia-Pacific region. The satellite is likely to have supported service revenues by enabling additional aviation, maritime, enterprise and government connectivity services, while strengthening the company's global broadband capabilities.
During the quarter under review, continued execution of the Protected Tactical SATCOM-Global (PTS-G) Program Swarm 1 Delivery Order is expected to have boosted Viasat's government business. Ongoing work under the United States Space Force contract is likely to have supported demand for the company's secure dual-band satellite communication systems, contributing positively to defense revenues.
Viasat's commercial aviation business is expected to have delivered a solid performance during the quarter, supported by the continued rollout of its in-flight connectivity solution across Jetstar's long-range international fleet. Growing adoption of its next-generation cockpit connectivity service by airlines is likely to have generated higher aviation revenues.
Despite top-line growth, Viasat's earnings might have remained under pressure amid intense competition in the communications and defense markets. Management expects aviation revenue growth to moderate in fiscal 2027, while any delays in regulatory approvals or the commercial ramp-up of the ViaSat-3 satellites could postpone capacity expansion and weigh on broadband revenue growth. In addition, uncertainty surrounding the U.S. government budget remains a potential headwind for the defense business, as it could affect contract awards and revenue generation.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $1.20 billion, indicating an increase from the year-ago quarter’s reported figure of $1.17 billion. The consensus mark for earnings is pegged at 10 cents per share, indicating a decline from 17 cents reported in the year-ago quarter.
Earnings WhispersOur proven model does not conclusively predict an earnings beat for Viasat for the first quarter of fiscal 2027. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Viasat carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderHere are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Sandisk Corporation (SNDK - Free Report) has an Earnings ESP of +4.13% and sports a Zacks Rank #1 at present. It is set to release its fourth-quarter fiscal 2026 numbers on Aug. 5.
The Earnings ESP for Motorola Solutions, Inc. (MSI - Free Report) is +0.52%, and it carries a Zacks Rank of 2 at present. The company is scheduled to report second-quarter 2026 numbers on Aug. 5.
The Earnings ESP for Analog Devices, Inc. (ADI - Free Report) is +2.37%, and it carries a Zacks Rank of 2 at present. The company is scheduled to report third-quarter fiscal 2026 numbers on Aug. 19.
Key Takeaways VSAT completed the first satellite-enabled voice call integrated into a BMW Group vehicle platform.Viasat combines satellite, NB-IoT, Qualcomm and Fraunhofer IIS technologies for voice connectivity.Viasat's embedded eSIM supports NTN communications, with future 5G satellite services in development. Viasat, Inc. (VSAT - Free Report) has taken a significant step in connected vehicle technology by demonstrating the first satellite-enabled voice call facility fully integrated into a BMW Group vehicle platform. The milestone highlights the company's efforts to expand satellite connectivity solutions for the automotive industry.
The system enables drivers and passengers to make voice calls through the BMW iX3's infotainment system, even in areas with limited or no cellular coverage. It combines Viasat's L-band satellite network and the NB-IoT communications protocol with QUALCOMM Incorporated's (QCOM - Free Report) Snapdragon Auto 5G Modem-RF Gen 2 solution and Fraunhofer IIS' AI-powered voice codec to deliver reliable voice services.
Built on Viasat's embedded eSIM capabilities, the solution supports the adoption of standards-based Non-Terrestrial Network (NTN) communications in vehicles. It can improve emergency communications and other connected vehicle services in remote areas. Viasat, along with BMW Group, Cubic3 and Fraunhofer IIS, continues to collaborate within the 5G Automotive Association to advance next-generation vehicle connectivity.
Ongoing development of 3GPP standards is expected to expand satellite capabilities beyond low-data-rate NB-IoT applications. Future 5G New Radio satellite services could enable higher-bandwidth features, including video streaming and seamless switching between terrestrial and satellite networks, positioning Viasat to capitalize on the growing connected mobility market.
How Are Competitors Advancing in the Automotive Industry?Viasat faces competition from Nokia Corporation (NOK - Free Report) and Ericsson (ERIC - Free Report) . Nokia is expanding its automotive business with 4G and 5G connectivity solutions for vehicles. The company works with automakers to support software-defined vehicles and advanced in-car technologies. Rising demand for intelligent vehicle technologies could support Nokia's long-term growth in the automotive market.
Ericsson is strengthening its automotive presence through its Connected Vehicle Cloud platform, which enables global vehicle connectivity and digital services. The company helps automakers deliver over-the-air software updates, telematics and connected mobility applications. Ericsson’s automotive platform simplifies connectivity management across multiple network operators and regions.
Viasat's Price Performance, Valuation & EstimatesViasat shares have skyrocketed 382.6% over the past year compared with the industry’s growth of 26.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, Viasat trades at a forward price-to-sales ratio of 1.98, below the industry tally of 4.58.
Image Source: Zacks Investment Research
Earnings estimates for 2027 have decreased 67.7% to 20 cents over the past 60 days, while the same for 2028 has decreased 38.8% to 41 cents.
Viasat experts demonstrate satellite-enabled voice call capabilities as part of research collaboration
during this week’s 5G Automotive Association Meeting Week in Munich, Germany: for the first time integrated with the infotainment system of a BMW iX3.
Showcase highlights what might be possible in future and the potential for reliable voice and messaging connectivity beyond the reach of traditional terrestrial networks.
MUNICH, July 16, 2026 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced a landmark technology demonstration showcasing the first automotive satellite voice call demonstration fully integrated into a BMW Group vehicle’s platform.
It marks a significant step forward as Viasat brings Non-Terrestrial Network (NTN) communications into the connected vehicle ecosystem: enabling drivers and passengers to stay connected in remote or underserved areas where cellular coverage may be limited or unavailable.
Building on an earlier demonstration with eSIM capabilities from Cubic³, a leading provider of software-defined vehicle (SDV) solutions, Viasat experts in Munich utilized advanced technology including Qualcomm Technologies Inc.’s Snapdragon® Auto 5G Modem-RF Gen 2 solution, and the Fraunhofer IIS NESC AI voice codec. This enables voice communications to be sent using the NB-IoT communications protocol over Viasat’s highly reliable, L-band satellite network.
For the first time, this technology was integrated with BMW Group’s in-vehicle architecture, allowing voice calls to be initiated and managed directly through the vehicle interface. By extending messaging and voice services beyond cellular coverage, automakers like BMW Group can ensure drivers remain connected for emergency assistance and critical safety applications, regardless of location.
“This demonstration reflects broader industry excitement to ensure consistent, resilient satellite capabilities for next-generation vehicles,” said Sandeep Moorthy, Senior Vice President, Advanced Non-Terrestrial Solutions at Viasat. “By bringing standards-based NTN to vehicles, we can integrate satellite voice and messaging and ultimately enable a future where drivers can remain connected — wherever the journey takes them.”
Viasat, BMW Group, Cubic3, and Fraunhofer IIS are active members of the 5GAA (5G Automotive Association), which brings together technology and automotive partners to develop real-world, scalable connectivity solutions for all road users. Satellite-enabled automotive connectivity applications include voice and messaging emergency services, fleet management, and over-the-air updates in low-connectivity regions.
The NB-IoT protocol, which can support lower data-rate applications, is enabled by global 3GPP standards. Future releases are expected to pave the way for 5G-New Radio (5G-NR) satellite services, which could support video streaming and seamless roaming between terrestrial and satellite networks.
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are - on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
Viasat, Inc. Contacts
Richard Jones, External Communications, Corporate & Commercial Services, [email protected]
Lisa Curran/Peter Lopez, Investor Relations, [email protected]
About 5GAA
The 5G Automotive Association (5GAA) is a global, cross-industry organisation of companies from the automotive, technology, and telecommunications industries (ICT), working together to develop end-to-end solutions for future mobility and transportation services. Created in September 2016, 5GAA has rapidly expanded to include key players with a global footprint in the automotive, technology and telecommunications industries. This includes automotive manufacturers, tier-1 suppliers, chipset/communication system providers, mobile operators and infrastructure vendors. More information.
About Cubic3
Cubic³ brings cellular and satellite connectivity together on one platform for the automotive industry, giving software-defined vehicles (SDVs) seamless coverage across more than 200 countries and territories. With access to over 550 mobile networks, Cubic³ helps automotive OEMs navigate the complexities of global connectivity and compliance, so drivers stay connected whether they're within reach of a cellular network or relying on satellite.
Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm, Qualcomm Dragonwing and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the expected benefits, capabilities, performance, availability, and future development of Viasat’s satellite-enabled automotive connectivity solutions; the successful integration and commercialization of satellite voice technology within BMW Group or any other company’s vehicles; the anticipated expansion of NTN services for automotive applications; and the connectivity to be provided by Viasat L-band satellites. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to successfully develop, integrate, and commercialize satellite-enabled automotive technologies; risks associated with demonstrating and scaling new technologies; our ability to realize the anticipated benefits of our satellite network, including the ViaSat-3 class satellites and any future satellite we may construct or acquire; unexpected expenses related to our satellite projects; our ability to successfully implement our business plan for new and existing services on our anticipated timeline or at all; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; changes in relationships with key partners, including automotive OEMs; our reliance on third parties to manufacture, supply, or integrate our solutions; increased competition and introduction of new technologies in the communications and automotive industries; changes in the global business environment and economic conditions; regulatory and spectrum-related risks, including changes affecting spectrum availability or permitted uses; our inability to access or expand use of spectrum or orbital locations; and other factors affecting the communications and automotive industries generally. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/19addb9d-bccf-4b68-9bff-fde2f0b7700e
Viasat experts demonstrate satellite-enabled voice call capabilities Viasat experts demonstrate satellite-enabled voice call capabilities as part of research collaborati...
