The earnings call reflected a generally positive sentiment with strong revenue growth and significant contract wins. The improved guidance and strategic achievements in the Defense and Peru segments were notable positives. However, challenges with Stellar Blu's ramp-up and decreased gross margin were areas of concern.

Company Guidance

In the second quarter of 2025, Gilat Satellite Networks reported strong financial performance, with revenues reaching $105 million, a 37% increase year-over-year, driven by the acquisition of Stellar Blu, which contributed $36 million. Adjusted EBITDA rose to $11.8 million, representing a 17% improvement from the previous year. Excluding Stellar Blu's ramp-up losses, adjusted EBITDA was $13.3 million, reflecting a 32% increase. The company anticipates Stellar Blu's annual revenue to be between $120 million and $150 million, with expectations to achieve EBITDA positivity in the second half of 2025. Gilat has revised its full-year guidance upwards, projecting revenues between $435 million and $455 million and adjusted EBITDA between $50 million and $53 million, indicating year-over-year growth rates of approximately 46% and 22%, respectively, at the midpoint. The Defense division reported $20 million in revenues, maintaining its level from the previous year, while the Peru segment generated $15.9 million, compared to $13.9 million in Q2 2024.

Strong Revenue Growth

Second quarter revenues reached $105 million, a 37% increase year-over-year, including $36 million from the Stellar Blu acquisition.

Significant Contract Wins

Signing of a $40 million contract for a virtualized SkyEdge IV platform and over $47 million in orders from Tier 1 satellite operators.

Improved Guidance

Full year revenue guidance was increased to a range of $435 million to $455 million, representing year-over-year growth of 46% at the midpoint.

Defense Division Growth

Gilat DataPath received over $8 million in orders from the Israeli Ministry of Defense and a contract with the U.S. Army worth up to $70 million.

Peru Segment Achievement

Gilat Peru was awarded more than $60 million in new orders from Pronatel.

Gilat (GILT) Earnings, Revenues Date & History

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GILT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.10 / -	0.14	―	―	―
Aug 06, 2025	2025 (Q2)	0.03 / 0.21	0.1	110.00% (+0.11)
May 19, 2025	2025 (Q1)	0.06 / 0.03	0.11	-72.73% (-0.08)	―
Feb 12, 2025	2024 (Q4)	0.17 / 0.15	0.11	36.36% (+0.04)	―
Nov 13, 2024	2024 (Q3)	0.07 / 0.14	0.08	75.00% (+0.06)	―
Aug 07, 2024	2024 (Q2)	0.05 / 0.10	0.09	11.11% (+0.01)	―
May 08, 2024	2024 (Q1)	- / 0.11	0.07	57.14% (+0.04)
Feb 26, 2024	2023 (Q4)	0.06 / 0.11	0.14	-21.43% (-0.03)	―
Nov 07, 2023	2023 (Q3)	0.05 / 0.08	0.06	33.33% (+0.02)	―
Aug 08, 2023	2023 (Q2)	0.02 / 0.09	0.03	200.00% (+0.06)	―

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

GILT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$7.35	$9.15	+24.49%
May 19, 2025	$6.68	$5.99	-10.33%
Feb 12, 2025	$7.39	$7.10	-3.92%
Nov 13, 2024	$5.65	$4.98	-11.86%

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.