Gilat Delivers 58% Revenue Growth and Raises Guidance on Strong Backlog and Strategic Wins

Quarterly Results: Substantial Revenue and Earnings Expansion Signal Momentum

Gilat Satellite Networks (NASDAQ: GILT) posted a remarkable 58% year-over-year jump in revenue to $117.69 million for Q3 2025, driven by contract wins in both its commercial and defense segments. GAAP net income climbed to $8.10 million, with adjusted EBITDA reaching $15.58 million—representing a notable expansion from last year. This performance gave management the confidence to narrow and raise full-year guidance for both revenue and EBITDA, citing robust visibility and strong order flow.

Guidance Upgraded: Outlook Brightens Amid Robust Order Book

Gilat’s management raised the midpoint of its full-year 2025 revenue guidance to $450 million (previously $445 million), now anticipating a growth rate of about 47% year-over-year at the midpoint. Adjusted EBITDA guidance was also lifted to $52 million at midpoint (up from $51.5 million). These increases are grounded in stronger-than-expected order flow, highlighted by defense orders from both the U.S. and Israeli ministries, major commercial wins for the SkyEdge IV platform, and sizable government contracts in Latin America.

Key Catalysts: Major Defense, Commercial, and International Wins

Gilat’s report is peppered with notable new business—including a $66 million private placement, over $85 million in digital inclusion contracts in Peru, more than $7 million in U.S. Army SATCOM orders, and significant commercial and defense hardware shipments globally. Management pointed to success integrating AI into its Network Management System and momentum in Very High Throughput Satellite (VHTS), NGSO, and multi-orbit platforms as fueling long-term growth. Cash and equivalents rose to $154.45 million as of quarter end, providing ample flexibility for organic expansion and strategic acquisitions.

• Commercial Q3 Revenue: $72.96M (more than double prior year’s $33.79M)
• Defense Q3 Revenue: $24.09M
• Peru Q3 Revenue: $20.64M

Balance Sheet: Strengthened by Cash Influx and Equity Raise

With the successful completion of a $66 million private placement and strong operating cash flows, Gilat’s cash position rose substantially, supporting its aggressive R&D agenda and growth plans. Shareholders' equity climbed to $390.60 million, while total assets expanded to $675.75 million. The strong balance sheet, together with an expanding backlog, reinforces the company’s outlook and underpins confidence in executing on its global contract pipeline.

Investor Takeaway: Structural Growth Driven by Demand for Connectivity

Gilat’s Q3 2025 marks a transformative period with revenue growth outpacing industry averages, a swelling contract backlog, and new products like AI-powered network management setting it apart from peers. The blend of defense, commercial, and emerging-market contract wins shows demand remains resilient and diverse. Investors and analysts may wish to watch upcoming catalysts such as continued defense procurement cycles, the ramp of commercial satellite projects, and Gilat’s pursuit of accretive M&A. The company’s next quarterly call is set for November 12 at 9:30 AM EST, and interested parties can listen in via the provided webcast link or U.S. dial-in number: 1-888-407-2553.

Quick Reference: Recent Gilat Highlights

• $117.69M Q3 2025 revenue (+58% YoY), GAAP net income $8.10M
• Midpoint 2025 guidance raised to $450M revenue, $52M adjusted EBITDA
• Commercial, defense, and Latin American contracts continue to accelerate
• Cash position now over $154M after private placement
• New tech initiatives include AI-driven network automation

As digital infrastructure projects and defense contracts ramp up worldwide, Gilat’s broad solution portfolio, healthy balance sheet, and proven execution could keep it in a favorable position as a leader in global satellite connectivity.

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