Gilat Satellite Networks Ltd (GILT)
NASDAQ:GILT
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Gilat
(NASDAQ:GILT)
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Rating:67Neutral
Price Target:
$20.50
▲(11.35% Upside)
Action:DowngradedDate:03/03/26
The score is driven primarily by solid financial resilience (especially very low leverage) and constructive 2026 guidance supported by backlog and liquidity, offset by material margin/free-cash-flow deterioration and a stretched valuation (high P/E). Technicals are mildly supportive but not strongly bullish due to a slightly negative MACD.
Positive Factors
Very strong balance sheet / low leverage
Extremely low leverage and a large equity base provide durable financial flexibility, reducing refinancing and solvency risk. This allows Gilat to fund production ramps, defense certifications, and multi-orbit gateway builds without immediate external funding, supporting multi-quarter execution and strategic optionality.
Negative Factors
Material margin compression from integration
Sharp margin decline driven by lower margins at the acquired Stellar Blue business and $2.9M of purchased-intangible amortization suggests structural margin dilution until volumes, cost reductions or pricing recover. Sustained lower gross margins pressure operating leverage and long-term free cash flow potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet / low leverage
Extremely low leverage and a large equity base provide durable financial flexibility, reducing refinancing and solvency risk. This allows Gilat to fund production ramps, defense certifications, and multi-orbit gateway builds without immediate external funding, supporting multi-quarter execution and strategic optionality.
Read all positive factors
Gilat (GILT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.39B
Dividend YieldN/A
Average Volume (3M)717.62K
Price to Earnings (P/E)37.1
Beta (1Y)1.40
Revenue Growth29.67%
EPS Growth41.90%
CountryUS
Employees1,118
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.20
Shares Outstanding75,643,930
10 Day Avg. Volume599,946
30 Day Avg. Volume717,620
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 Cap0.68
Enterprise Value/Revenue2.10
Enterprise Value/Gross Profit7.13
Enterprise Value/Ebitda20.18
Forecast
1Y Price Target
$20.00Price Target Upside8.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.49
Revenue Forecast (FY)$509.50M
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 Key Performance Indicators (KPIs)
Gilat Earnings Call Summary
Earnings Call Date:Feb 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 25, 2026
Earnings Call Sentiment Positive
The call conveyed strong top-line growth, significant commercial and defense wins, a strengthened balance sheet after meaningful capital raises, and positive 2026 guidance — offset by margin compression tied to the Stellar Blue integration, higher operating expenses and amortization, a missed Stellar Blue milestone and timing slippage of a large order, and expected near-term Peru revenue decline. On balance, the company appears to have solid momentum and financial flexibility, though execution on margin recovery and conversion of delayed orders will be key near-term risk factors.Positive Updates
Strong Top-Line Growth
Q4 2025 revenue of $137.0M, up 75% year-over-year (from $78.1M). Full year 2025 revenue of $451.7M, up 48% year-over-year (from $305.4M). Management reports 6% year-over-year organic growth for the full year and Q4 organic growth of 28%.
Negative Updates
Compression in GAAP and Non-GAAP Gross Margins
GAAP gross margin for Q4 2025 declined to 28% from 40% in Q4 2024. Non-GAAP gross margin fell to 31% from 40% in Q4 2024. Management attributes margin decline to lower margins at Stellar Blue during production ramp and $2.9M of amortization of purchased intangibles related to the acquisition.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Top-Line Growth
Q4 2025 revenue of $137.0M, up 75% year-over-year (from $78.1M). Full year 2025 revenue of $451.7M, up 48% year-over-year (from $305.4M). Management reports 6% year-over-year organic growth for the full year and Q4 organic growth of 28%.
Read all positive updates
Company Guidance
Management guided 2026 revenues of $500–$520 million (≈13% YoY growth at the midpoint) and adjusted EBITDA of $61–$66 million (≈19% YoY growth at the midpoint), with segment guidance of Commercial $315–$335 million (≈16% growth at midpoint), Defense ~$115–$113 million (reported as a 22% midpoint increase), and Peru $60–$65 million (≈11% decline at midpoint); they said this outlook is supported by a strong backlog and strengthened liquidity after raising $166 million in 2025 (including ~ $100 million in Q4), cash and equivalents of $185.4 million (~$183.4M net of loans), repayment of a $60 million loan, FY2025 adjusted EBITDA of $53.2 million (+26% YoY) and Q4 adjusted EBITDA of $18.2 million (+50% YoY), ~ $21 million of operating cash flow in 2025, DSOs of 88 days, and shareholders’ equity of $500 million as of December 31, 2025.Gilat Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
89
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 451.66M | 305.45M | 266.09M | 239.84M | 214.97M |
| Gross Profit | 133.34M | 113.33M | 104.94M | 86.91M | 71.27M |
| EBITDA | 47.09M | 43.26M | 41.83M | 18.74M | 11.45M |
| Net Income | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
Balance Sheet | |||||
| Total Assets | 740.43M | 429.75M | 426.89M | 385.41M | 367.74M |
| Cash, Cash Equivalents and Short-Term Investments | 185.43M | 119.38M | 103.96M | 86.59M | 84.02M |
| Total Debt | 11.16M | 8.57M | 14.90M | 3.83M | 4.10M |
| Total Liabilities | 240.15M | 125.31M | 152.20M | 141.29M | 119.41M |
| Stockholders Equity | 500.28M | 304.44M | 274.69M | 244.13M | 248.32M |
Cash Flow | |||||
| Free Cash Flow | 9.19M | 25.06M | 21.20M | -1.98M | 9.97M |
| Operating Cash Flow | 20.68M | 31.67M | 31.94M | 10.81M | 18.90M |
| Investing Cash Flow | -136.37M | -6.61M | -12.69M | -8.16M | -11.09M |
| Financing Cash Flow | 163.20M | -8.11M | -1.59M | 0.00 | -39.00M |
Gilat Technical Analysis
Positive
18.41
Price Trends
16.61
Positive
15.39
Positive
13.04
Positive
Market Momentum
0.52
Negative
58.04
Neutral
80.18
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 18.41 is above the 20-day moving average (MA) of 17.02, above the 50-day MA of 16.61, and above the 200-day MA of 13.04, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 58.04 is Neutral, neither overbought nor oversold. The STOCH value of 80.18 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.03B | 34.52 | 6.76% | ― | 1.46% | 78.77% | |
67 Neutral | $1.39B | 37.11 | 5.50% | ― | 29.67% | 41.90% | |
64 Neutral | $1.27B | -15.18 | -30.65% | ― | 14.33% | 83.32% | |
63 Neutral | $292.24M | 12.04 | 5.54% | ― | 10.89% | ― | |
62 Neutral | $1.09B | ― | -10.08% | ― | 1.93% | -43.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $697.49M | -11.36 | -6.37% | ― | 2.95% | -228.28% |
* Technology Sector Average
GILT
Gilat
18.41
12.28
200.33%
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15.73
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111.71%
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54.05
27.75
105.51%
HLIT
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9.88
0.98
11.01%
NTGR
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24.81
2.70
12.21%
Gilat Corporate Events
Gilat Wins $39 Million Sidewinder ESA Orders as In-Flight Connectivity Demand Surges
Feb 24, 2026
On February 24, 2026, Gilat Satellite Networks announced it has secured $39 million in orders from a leading satellite operator for its Sidewinder electronically steered antenna in-flight connectivity terminals. The deal covers both linefit and re...
Gilat Lands $9 Million Israeli Defense SATCOM Contract
Feb 17, 2026
On February 17, 2026, Gilat Satellite Networks announced that its defense division, Gilat Defense, secured a $9 million contract from Israel’s Ministry of Defense to deliver and integrate next-generation satellite communication systems and s...
Gilat Wins $16 Million European Defense SATCOM Order, Expanding Presence in Sovereign Programs
Feb 12, 2026
On February 12, 2026, Gilat Satellite Networks announced that its subsidiary Gilat DataPath secured an order worth over $16 million to supply multiple DKET 3421 transportable SATCOM terminals to a European Ministry of Defense, with deliveries sche...
Gilat Posts Record 2025 Adjusted EBITDA and Sharp Q4 Revenue Surge
Feb 10, 2026
On February 10, 2026, Gilat reported a strong finish to 2025, with fourth-quarter revenue jumping 75% year-on-year to $137.0 million and adjusted EBITDA rising 50% to $18.2 million, driven by growth in defense, inflight connectivity and advanced m...
Gilat Wins $10 Million Ka-Band Amplifier Order for LEO Constellation Gateways
Feb 4, 2026
On February 4, 2026, Gilat Satellite Networks announced it has secured an order worth more than $10 million from a leading ground gateway antenna provider to supply Wavestream Powerstream Ka-band solid-state power amplifiers for the continued buil...
Gilat to Showcase Strategy at Oppenheimer and TD Cowen Investor Conferences in February 2026
Jan 28, 2026
On January 28, 2026, Gilat Satellite Networks announced that its management team will participate in two upcoming investor events as part of its outreach to the financial community. Chief Financial Officer Gil Benyamini will hold one-on-one and sm...
Gilat to Release Q4 and Full-Year 2025 Results on February 10, 2026
Jan 22, 2026
On January 22, 2026, Gilat Satellite Networks Ltd. announced that it will publish its fourth-quarter and full-year 2025 financial results on Tuesday, February 10, 2026, underscoring the company’s ongoing efforts to update investors on its pe...
Gilat Wins $11 Million SkyEdge VHTS Platform Deal in Asia-Pacific
Jan 20, 2026
On January 20, 2026, Gilat Satellite Networks announced that its Commercial Division secured an approximately $11 million order from a leading Asia-Pacific satellite operator for its SkyEdge platform, which will be deployed over Very High Throughp...
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.