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ViaSat (VSAT)
NASDAQ:VSAT
Earnings Data
Report Date
May 26, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.39Last Year’s EPS
-1.89Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of clear operational progress and improving financial health (record backlog, positive free cash flow, improving leverage, ViaSat‑3 progress and strong DAT/maritime traction) alongside notable near‑term headwinds (quarterly awards softness, fixed‑broadband subscriber declines, modest EBITDA pressure from investments and government shutdown impacts, and some timing delays for ViaSat‑3 service entry). Management provided multi‑year strategic initiatives (multi‑orbit, Equatys L‑band, small satellite architecture) and reiterated targets for deleveraging and positive free cash flow, supporting a constructive outlook once new satellites enter service.Company Guidance
Revenue Growth
Consolidated revenue of $1.2 billion in Q3 FY26, up ~3% year-over-year, driven by growth in DAT and Communication Services.
Strong Adjusted EBITDA Margin and Scale
Adjusted EBITDA of $387 million with a 33% adjusted EBITDA margin, demonstrating continued franchise profitability despite investments.
Record Backlog
Backlog reached a record ~ $4.0 billion, up ~12% (~$430 million), supported by strong awards in government SATCOM and DAT.
Free Cash Flow Generation and Improved Liquidity
Generated positive free cash flow in the quarter ($444M reported; $24M excluding the Ligado lump sum). Trailing 12‑month free cash flow in excess of $200 million; moved ~$350M of cash from Inmarsat to Viasat to improve liquidity.
Progress on Deleveraging
Net debt to trailing 12‑month adjusted EBITDA improved to 3.25x (down from ~3.7x a year ago) with a stated target to reduce below 3.0x.
ViaSat‑3 Operational Progress and Capacity Gain
ViaSat‑3 Flight 2 launched and completed initial deployments; service entry anticipated by May, Flight 3 planned to launch shortly thereafter with service by late summer. Each Flight 2 and Flight 3 expected to support more bandwidth than the entire existing fleet.
Defense & Advanced Technologies Momentum
DAT revenue of $332 million, up 9% YoY; adjusted EBITDA for DAT up 7%. Tactical networking grew ~20% YoY and Infosec & cyber product revenues up ~8%.
Maritime Multi‑Orbit Traction
NexusWave momentum: maritime awards up 25%, installations up ~33% sequentially, with >2,600 cumulative orders and ~65% of vessels yet to be installed, indicating future growth runway.
VSAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VSAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $37.44 | $41.70 | +11.38% |
Nov 07, 2025 | $35.81 | $36.98 | +3.27% |
Aug 05, 2025 | $21.29 | $27.82 | +30.67% |
May 20, 2025 | $10.53 | $10.01 | -4.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ViaSat (VSAT) report earnings?
ViaSat (VSAT) is schdueled to report earning on May 26, 2026, After Close (Confirmed).
What is ViaSat (VSAT) earnings time?
ViaSat (VSAT) earnings time is at May 26, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VSAT EPS forecast?
VSAT EPS forecast for the fiscal quarter 2026 (Q4) is -0.39.
