Reports Q2 revenue $105M, consensus $100.98M. Adi Sfadia, Gilat’s CEO, commented: “Gilat’s second quarter results were strong, demonstrating momentum across our growth engines and successful execution of our growth strategy. Gilat Defense is extending its reach by leveraging top-line synergies between Gilat and DataPath and offering a broader range of solutions to defense customers in the U.S. and among its allies. With a unified structure enabling faster response to customers’ mission needs and innovation across our portfolio, we are well-positioned to meet growing global demand driven by geopolitical tension and shifting budget priorities in favor of satellite communications.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GILT:
- GILT Earnings this Week: How Will it Perform?
- Gilat to Present at Oppenheimer Conference on August 11
- Gilat Secures $8 Million Defense Contract from Israel
- Gilat Satellite awarded contract valued over $8M by Israels’ Ministry of Defense
- Gilat Secures $60 Million Contract for Digital Inclusion in Peru