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Gilat
(NASDAQ:GILT)
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Rating:67Neutral
Price Target:
$11.50
▲(7.18% Upside)
Action:Reiterated
Date:06/25/26
The score is driven primarily by solid underlying fundamentals (notably a very conservative balance sheet and sustained profitability) and a constructive earnings outlook with reiterated 2026 guidance and strong Q1 execution. These positives are tempered by weakening cash-flow conversion and margin compression, while technical indicators show a clear downtrend despite oversold readings, and valuation (P/E ~23) is not low enough to offset those risks on its own.
Positive Factors
Conservative balance sheet
Extremely low leverage and a large equity base materially reduce solvency and refinancing risk, giving Gilat durable financial flexibility. This supports funding for backlog execution, R&D and strategic M&A without immediate reliance on external debt, improving resilience to contract timing variability.
Negative Factors
Weakened cash generation
Material deterioration in operating and free cash flow reduces earnings quality and limits internal funding for capex, integration or working capital. Even with a strong balance sheet, persistent weaker cash conversion can force reliance on reserves or equity issuance, constraining strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and a large equity base materially reduce solvency and refinancing risk, giving Gilat durable financial flexibility. This supports funding for backlog execution, R&D and strategic M&A without immediate reliance on external debt, improving resilience to contract timing variability.
Read all positive factors
Gilat Key Performance Indicators (KPIs)
Gilat (GILT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$835.87M
Dividend YieldN/A
Average Volume (3M)683.70K
Price to Earnings (P/E)21.2
Beta (1Y)1.67
Revenue Growth46.26%
EPS Growth111.78%
CountryUS
Employees1,159
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.52
Shares Outstanding75,643,930
10 Day Avg. Volume565,272
30 Day Avg. Volume683,697
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.00Price Target Upside86.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.59
Revenue Forecast (FY)$509.29M
Gilat Business Overview & Revenue Model
Company Description
Gilat Satellite Networks Ltd., along with its affiliated companies, delivers advanced satellite-based broadband communication solutions both in Israel and across international markets. Its operations are structured across three primary divisions: ...
How the Company Makes Money
Gilat primarily makes money through a mix of product sales and service revenue tied to satellite communications networks. A major revenue stream comes from selling satellite ground segment equipment—such as VSAT hubs, network management systems, a...
Gilat Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 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 | 56.69M | 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
Neutral
10.73
Price Trends
13.07
Negative
15.20
Negative
14.88
Negative
Market Momentum
-0.44
Negative
47.42
Neutral
84.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GILT, the sentiment is Neutral. The current price of 10.73 is below the 20-day moving average (MA) of 11.36, below the 50-day MA of 13.07, and below the 200-day MA of 14.88, indicating a neutral trend. The MACD of -0.44 indicates Negative momentum. The RSI at 47.42 is Neutral, neither overbought nor oversold. The STOCH value of 84.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $2.63B | 60.10 | 7.39% | ― | 13.48% | 0.69% | |
67 Neutral | $835.87M | 21.24 | 7.33% | ― | 46.26% | 111.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $1.25B | -31.22 | -10.31% | ― | -27.47% | -181.91% | |
56 Neutral | $265.00M | 35.93 | 3.37% | ― | 0.23% | ― | |
53 Neutral | $648.45M | -17.26 | -7.97% | ― | 3.66% | -200.01% | |
46 Neutral | $689.29M | -19.01 | -18.82% | ― | 18.84% | 77.12% |
* Technology Sector Average
GILT
Gilat
11.62
2.63
29.25%
ADTN
Adtran
7.91
-0.80
-9.18%
AVNW
Aviat Networks
21.25
0.37
1.77%
DGII
Digi International
72.75
40.65
126.64%
HLIT
Harmonic
11.98
3.24
37.07%
NTGR
Netgear
24.38
-0.35
-1.42%
Gilat Corporate Events
Gilat Satellite Networks Sets August Investor Conference Appearances
Jul 30, 2026
On July 30, 2026, Gilat Satellite Networks announced that its management will participate in two investor conferences in August, underscoring its efforts to engage with the capital markets and highlight its satellite networking strategy. The compa...
Gilat Schedules Second-Quarter 2026 Results Release and Investor Calls
Jul 17, 2026
Gilat Satellite Networks Ltd. announced on July 16, 2026, that it will publish its second quarter 2026 financial results on Wednesday, August 5, 2026. The release underscores the company’s role in satellite-based broadband communications and...
Gilat Wins $11 Million U.S. Defense SATCOM Orders, Bolstering Mission-Critical Connectivity Role
Jul 7, 2026
On July 7, 2026, Gilat Satellite Networks announced that its subsidiary Gilat DataPath received U.S. Department of War orders totaling $11 million for field services and custom SATCOM terminals, with deliveries scheduled over the next 12 months. T...
Gilat Wins $43 Million in New Sidewinder ESA Orders for In-Flight Connectivity
Jun 29, 2026
On June 29, 2026, Gilat Satellite Networks announced it had secured an additional $43 million in orders for its Sidewinder electronically steered antenna terminals from a major in-flight connectivity service provider. Deliveries, planned over the ...
Gilat to Buy Comtech Satellite & Space Communications Segment in $157.5 Million Cash Deal
Jun 15, 2026
Gilat Satellite Networks, through its wholly owned U.S. subsidiary Wavestream Corporation, has signed a definitive agreement on June 14–15, 2026 to acquire most of Comtech Telecommunications’ Satellite Space Communications segment for...
Gilat Unveils Viper Ka ESA for Tactical Unmanned Platforms at Eurosatory 2026
Jun 2, 2026
On June 2, 2026, Gilat Satellite Networks announced that its Gilat Defense unit would present an expanded portfolio for tactical unmanned platforms at Eurosatory 2026, underscoring the company’s push deeper into defense and mission-critical ...
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...
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.