Gilat Satellite Networks (GILT)
NASDAQ:GILT
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Gilat
(NASDAQ:GILT)
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Rating:66Neutral
Price Target:
$19.00
▼(-0.89% Downside)
Action:Reiterated
Date:05/27/26
The score is driven by improving operations and upbeat reiterated guidance alongside a very low-leverage balance sheet. It is held back by weak recent cash generation and margin compression, while a premium valuation and mixed near-term technical momentum add risk.
Positive Factors
Conservative Balance Sheet & Liquidity
Very low leverage and ample liquidity give Gilat durable financial optionality: with sizeable equity and cash buffers the company can fund multi‑year projects, absorb working‑capital swings, support R&D/integration (Stellar Blu/Line‑fit), and pursue backlog execution without near‑term financing strain.
Negative Factors
Weak Cash Generation
Material deterioration in operating and free cash flow reduces the firm's ability to self‑fund capex, acquisitions or earnout obligations. Lower cash conversion raises dependence on equity issuance or working‑capital management and weakens resilience to project timing variability over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet & Liquidity
Very low leverage and ample liquidity give Gilat durable financial optionality: with sizeable equity and cash buffers the company can fund multi‑year projects, absorb working‑capital swings, support R&D/integration (Stellar Blu/Line‑fit), and pursue backlog execution without near‑term financing strain.
Read all positive factors
Gilat Key Performance Indicators (KPIs)
Gilat (GILT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.35B
Dividend YieldN/A
Average Volume (3M)923.82K
Price to Earnings (P/E)40.0
Beta (1Y)1.48
Revenue Growth46.26%
EPS Growth111.78%
CountryUS
Employees1,118
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.52
Shares Outstanding75,643,930
10 Day Avg. Volume1,353,198
30 Day Avg. Volume923,823
Financial Highlights & Ratios
PEG Ratio-1.81
Price to Book (P/B)1.54
Price to Sales (P/S)1.70
P/FCF Ratio83.72
Enterprise Value/Market Cap0.75
Enterprise Value/Revenue2.14
Enterprise Value/Gross Profit7.05
Enterprise Value/Ebitda17.80
Forecast
1Y Price Target
$20.00Price Target Upside4.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.58
Revenue Forecast (FY)$509.58M
Gilat Business Overview & Revenue Model
Company Description
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel and internationally. It operates through Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Project...
How the Company Makes Money
Gilat primarily generates revenue through a mix of product sales, solution/integration projects, and recurring services tied to satellite communications networks. Key revenue streams typically include: (1) Equipment and systems: sales of satellite...
Gilat Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call conveyed a decidedly positive operational and financial trajectory: strong revenue growth (+20% YoY), margin expansion, a swing to GAAP profitability, nearly doubled adjusted EBITDA, meaningful commercial and defense orders, product certification progress (Sidewinder Line‑fit with Boeing) and solid liquidity. Management reiterated full-year guidance and highlighted technology demos and strategic partnerships (AWS, Nelco, virtualized gateway, 5G NTN work). Key risks discussed include working capital timing (quarterly operating cash use and DSOs), execution/timing lag between defense bookings and revenue, remaining DataPath earnout considerations, Stellar Blu integration and R&D timing, and the multi-year timeline for full 5G NTN market maturity — factors that add timing uncertainty but do not negate the underlying growth momentum. Overall, positive financial results and a healthy pipeline outweigh the noted timing and operational risks.Positive Updates
Strong Top-Line Growth
Q1 2026 revenue of $110.5M, a 20% year-over-year increase from $92.0M in Q1 2025.
Negative Updates
Quarterly Operating Cash Use and Working Capital
Used approximately $12.2M in operating cash in the quarter (primarily working capital timing); DSOs were elevated at 112 days (excluding Peru construction activity).
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q1 2026 revenue of $110.5M, a 20% year-over-year increase from $92.0M in Q1 2025.
Read all positive updates
Company Guidance
Gilat reiterated 2026 guidance of $500–$520 million in revenues and $61–$66 million in adjusted EBITDA (midpoint implying ~13% revenue growth and ~19% adjusted‑EBITDA growth y/y), backing it with a strong Q1: revenues of $110.5M (+20% y/y) and adjusted EBITDA of $15.1M (nearly 2x y/y); GAAP gross margin 34% (vs. 31% a year ago) and non‑GAAP gross margin 36% (vs. 32%); GAAP operating income $4.4M (vs. a $2.7M loss) and GAAP net income $5.2M ($0.07 diluted, vs. a $6.0M loss or $0.11); segment revenues were Commercial $72.8M (+13%), Defense $25.4M (+10%) and Peru $12.3M (vs. $4.8M); balance sheet metrics include $171M liquidity, DSOs of 112 days (ex‑Peru), ~$12.2M used in operating cash in Q1 (≈$15M generated trailing 12 months), shareholders’ equity $536M, issuance of 2.5M shares at $15.45 for the DataPath earnout and a remaining capped earnout of up to $9M — management cited a strong backlog and healthy pipeline as the basis for the reiterated guidance.Gilat Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
90
Very Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 470.09M | 451.66M | 305.45M | 266.09M | 239.84M | 214.97M |
| Gross Profit | 142.59M | 133.34M | 113.33M | 104.94M | 86.91M | 71.27M |
| EBITDA | 56.44M | 47.09M | 43.26M | 41.83M | 18.74M | 11.45M |
| Net Income | 31.95M | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
Balance Sheet | ||||||
| Total Assets | 755.76M | 740.43M | 429.75M | 426.89M | 385.41M | 367.74M |
| Cash, Cash Equivalents and Short-Term Investments | 171.08M | 185.43M | 119.38M | 103.96M | 86.59M | 84.02M |
| Total Debt | 7.47M | 11.16M | 8.57M | 14.90M | 3.83M | 4.10M |
| Total Liabilities | 219.60M | 240.15M | 125.31M | 152.20M | 141.29M | 119.41M |
| Stockholders Equity | 536.16M | 500.28M | 304.44M | 274.69M | 244.13M | 248.32M |
Cash Flow | ||||||
| Free Cash Flow | 3.18M | 9.19M | 25.06M | 21.20M | -1.98M | 9.97M |
| Operating Cash Flow | 16.37M | 20.68M | 31.67M | 31.94M | 10.81M | 18.90M |
| Investing Cash Flow | -52.02M | -136.37M | -6.61M | -12.69M | -8.16M | -11.09M |
| Financing Cash Flow | 113.85M | 163.20M | -8.11M | -1.59M | 0.00 | -39.00M |
Gilat Technical Analysis
Positive
19.17
Price Trends
17.40
Positive
17.08
Positive
14.53
Positive
Market Momentum
-0.27
Negative
53.04
Neutral
80.29
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GILT, the sentiment is Positive. The current price of 19.17 is above the 20-day moving average (MA) of 17.56, above the 50-day MA of 17.40, and above the 200-day MA of 14.53, indicating a bullish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 80.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GILT.
Gilat Risk Analysis
Gilat disclosed 60 risk factors in its most recent earnings report. Gilat reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gilat Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.57B | 58.15 | 6.72% | ― | 13.48% | 0.69% | |
66 Neutral | $1.35B | 40.05 | 7.33% | ― | 46.26% | 111.78% | |
66 Neutral | $1.86B | ― | -10.31% | ― | -27.47% | -181.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $1.37B | -37.23 | -24.02% | ― | 18.84% | 77.12% | |
54 Neutral | $232.65M | 25.50 | 3.37% | ― | 0.23% | ― | |
50 Neutral | $690.05M | -18.25 | -7.97% | ― | 3.66% | -200.01% |
* Technology Sector Average
GILT
Gilat
17.17
11.60
208.26%
ADTN
Adtran
16.55
8.52
106.10%
AVNW
Aviat Networks
17.77
-3.68
-17.16%
DGII
Digi International
66.80
34.39
106.11%
HLIT
Harmonic
15.11
6.09
67.52%
NTGR
Netgear
25.99
-3.34
-11.39%
Gilat Corporate Events
Gilat and Boeing Mark Line-Fit Milestone for Sidewinder In-Flight Connectivity Antenna
May 19, 2026
On May 19, 2026, Gilat Satellite Networks announced that it has reached a key milestone with Boeing toward offering Gilat’s multi-orbit Sidewinder electronically steered antenna as a future line-fit solution for in-flight connectivity servic...
Gilat Posts Strong Q1 2026 Results as Defense and IFC Demand Power 20% Revenue Growth
May 13, 2026
On May 13, 2026, Gilat reported strong unaudited results for the first quarter ended March 31, 2026, with revenue rising 20% year on year to $110.5 million and GAAP operating income swinging to a $4.4 million profit from a loss a year earlier. Non...
Gilat Strikes Multimillion SkyEdge IV Deal With India’s Nelco to Power GSAT-N2 Ka-Band Network
May 5, 2026
On May 5, 2026, Gilat Satellite Networks announced a multimillion-dollar partnership with Indian satcom provider Nelco to deploy its SkyEdge IV hub platform for a new Ka-band high-throughput satellite network using the GSAT-N2 satellite. Deliverie...
Gilat Wins Over $7 Million EnduroStream Defense Contract from U.S. Department of War
Apr 29, 2026
On April 29, 2026, Gilat Satellite Networks announced that its Gilat Defense division secured an order worth over $7 million, via a prime contractor, to supply its new EnduroStream solid-state power amplifier solution in support of the U.S. Depart...
Gilat Sets May 13 Release Date for Q1 2026 Results and Investor Calls
Apr 20, 2026
Gilat Satellite Networks said on April 20, 2026, that it will publish its first-quarter 2026 financial results on Wednesday, May 13, 2026, underscoring its regular engagement with investors on operational and financial performance. The company pla...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.