Gilat Satellite Networks ( (GILT) ) has released its Q2 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 innovative technology solutions for satellite, ground, and new space connectivity across various sectors, including defense, aerospace, and critical infrastructure.
In its second quarter of 2025, Gilat Satellite Networks reported a significant increase in revenues by 37% to $105 million compared to the same period last year. The company also achieved a GAAP operating income of $5.7 million and an adjusted EBITDA of $11.8 million, showcasing strong financial performance.
Key highlights from the earnings report include a substantial rise in GAAP net income to $9.8 million, or $0.17 per diluted share, and non-GAAP net income of $12 million, or $0.21 per diluted share. The company also announced strategic wins and new contracts, including a $60 million deal in Peru and a $40 million contract for its SkyEdge IV platform, which are expected to bolster future growth.
Looking ahead, Gilat has raised its revenue and EBITDA guidance for 2025, anticipating revenue between $435 million and $455 million and adjusted EBITDA between $50 million and $53 million. The company remains optimistic about its strategic positioning to capture expanding opportunities in mission-critical defense communications and next-generation satellite solutions.