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Gilat Satellite Networks (GILT)
NASDAQ:GILT

Gilat (GILT) AI Stock Analysis

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GILT

Gilat

(NASDAQ:GILT)

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Outperform 70 (OpenAI - 5.2)
Rating:70Outperform
Price Target:
$21.00
▲(12.30% Upside)
The score is driven primarily by solid financial performance (growth, profitability, and low leverage) and a constructive earnings update with raised guidance and strong quarterly execution. Offsetting these positives are an elevated valuation (high P/E) and technically overbought conditions that raise near-term volatility/pullback risk.
Positive Factors
Revenue and Order Momentum
Sustained double-digit revenue growth and an upwardly revised full-year guide reflect durable demand and stronger backlog from multi-million commercial and defense wins. This revenue visibility supports multi-quarter investment in product development and scale economies, underpinning long-term growth.
Conservative Balance Sheet
A low leverage profile provides financial flexibility to fund R&D, pursue strategic M&A, and absorb timing delays in government contracts. The conservative capital structure reduces solvency risk during industry cycles and strengthens capability to invest in next-gen ground systems and service expansion over coming quarters.
Improving Free Cash Flow
Strong FCF growth indicates the business is converting operations into cash available for reinvestment or debt reduction. Over the medium term this supports funding for product roadmap, network management AI initiatives and working capital needs without immediate reliance on dilutive financing or excessive leverage.
Negative Factors
Gross Margin Compression
Margin erosion tied to the integration of lower-margin Stellar Blue products shifts the company mix toward offerings that reduce GAAP gross margins. If structural, this pressures operating profits and requires sustained cost synergies or higher-volume, higher-margin sales to restore historical profitability over the next few quarters.
Defense Revenue Volatility
Dependence on defense contracts creates lumpy, timing-sensitive revenue. Procurement pauses and budgetary disruptions (e.g., government shutdowns) can defer orders across quarters, amplifying cash flow and planning uncertainty, and making multi-quarter revenue outcomes more uneven despite steady commercial growth.
Share Issuance and Liquidity Limits
A sizable private placement dilutes existing shareholders and the transfer restrictions/unregistered status can limit secondary market liquidity, particularly for U.S. investors. While proceeds back strategic initiatives, issuance of ~12% of shares is a structural factor affecting shareholder alignment and per-share metrics over coming quarters.

Gilat (GILT) vs. SPDR S&P 500 ETF (SPY)

Gilat Business Overview & Revenue Model

Company DescriptionGilat 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 Projects segments. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services. Its portfolio consists of very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, low-profile antennas, and on-the-move/on-the-pause terminals and modems. The company also offers turnkey integrated solutions, including managed satellite network services, network planning and optimization, satellite capacity, remote network operation, call center support, hub and field operations, and communication networks construction and installation services. In addition, it provides connectivity services, Internet access, and telephony services to enterprise, government, and residential customers; and builds telecommunication infrastructure using fiber-optic and wireless technologies for broadband connectivity. The company sells its products and solutions to communication service providers, satellite operators, governments, mobile network operators, telecommunication companies, and system integrators, as well as to defense and homeland security organizations, and directly to end-users. Gilat Satellite Networks Ltd. was incorporated in 1987 and is headquartered in Petah Tikva, Israel.
How the Company Makes MoneyGilat generates revenue primarily through the sale of its satellite communication equipment and systems, alongside recurring revenue from service contracts and maintenance agreements. Key revenue streams include the sale of hardware such as satellite modems and antennas, as well as software and network management solutions. The company also benefits from long-term contracts with telecommunications operators and governmental agencies, which provide stable cash flow. Strategic partnerships with major satellite operators and technology companies further enhance Gilat's market presence and contribute to its earnings through collaborative projects and joint ventures.

Gilat Earnings Call Summary

Earnings Call Date:Nov 12, 2025
(Q3-2025)
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% Change Since: |
Next Earnings Date:Feb 10, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance in revenue growth and successful strategic initiatives, particularly in the commercial and defense segments. However, challenges such as a decline in defense segment revenue and decreased gross margins due to Stellar Blue's integration were noted. Despite these issues, the outlook remains positive with increased guidance for the year.
Q3-2025 Updates
Positive Updates
Strong Revenue and EBITDA Growth
Third-quarter revenues reached $117.7 million, a 58% increase year over year. Adjusted EBITDA was $15.6 million, 46% above the same quarter last year.
Successful Private Placement
$66 million was raised from institutional and accredited investors, demonstrating confidence in Gilat's strategy and performance.
AI Integration in Network Management
First-to-market integration of AI into Gilat's network management system, enhancing efficiency and insight in satellite network operations.
Significant Wins in Defense and Commercial Segments
Gilat Defense received over $14 million in orders from the U.S. Army and the Department of Defense. Commercial segment saw a $42 million order for SkyEdge IV.
Positive Outlook and Guidance Increase
Full-year revenue guidance was increased to between $445 million and $455 million, representing a 47% growth at the midpoint.
Negative Updates
Defense Segment Revenue Decline
Q3 2025 revenue for the Defense segment was $24 million compared to $31 million in the same quarter last year.
Gross Margin Decrease
GAAP gross margin in Q3 2025 was 30% compared to 37% in Q3 2024, primarily due to lower margins at Stellar Blue.
Impact of U.S. Government Shutdown
Delayed orders in the defense segment due to the U.S. government shutdown, potentially affecting future quarters.
Company Guidance
During Gilat Satellite Networks Ltd.'s Third Quarter 2025 Results Conference Call, the company provided an optimistic outlook, revising its full-year guidance upwards due to strong performance and visibility into the remainder of the year. Revenue guidance was narrowed to between $445 million and $455 million, reflecting a year-over-year growth of approximately 47% at the midpoint. Adjusted EBITDA guidance was also refined to between $51 million and $53 million, indicating a 23% increase at the midpoint. In the third quarter, the company reported revenues of $117.7 million, a 58% increase from the previous year, and an adjusted EBITDA of $15.6 million, up by 46%. Key contributors to this growth included a $66 million private placement, a robust cash position, and strategic investments in AI-driven automation for their network management systems. Gilat also highlighted significant orders across its segments, including $42 million for SkyEdge IV systems and $60 million for Stellar Blue's Sidewinder ESA IFC terminal. The company is focused on expanding its market presence and advancing next-generation connectivity, positioning itself for continued growth into 2026.

Gilat Financial Statement Overview

Summary
Solid fundamentals supported by strong revenue growth (12.32% TTM), healthy profitability (34.03% gross margin; 6.41% net margin), and a strong balance sheet with low leverage (debt-to-equity 0.21). Cash flow is improving (56.70% FCF growth), but cash conversion is weak (operating cash flow to net income 0.20) and margins have shown some pressure.
Income Statement
72
Positive
Gilat's income statement shows a positive trajectory with a notable revenue growth rate of 12.32% in the TTM period. The gross profit margin is solid at 34.03%, although it has slightly decreased from previous years. Net profit margin stands at 6.41%, indicating profitability, but it has declined from the previous year. The EBIT and EBITDA margins are healthy, reflecting efficient operations. Overall, the company demonstrates growth and profitability, but there is room for improvement in maintaining higher margins.
Balance Sheet
78
Positive
The balance sheet of Gilat is strong, with a low debt-to-equity ratio of 0.21, indicating conservative leverage. The return on equity is 7.40%, showing decent profitability relative to shareholder equity. The equity ratio is robust, suggesting a stable financial structure. Overall, the company maintains a solid balance sheet with low leverage and good equity management.
Cash Flow
68
Positive
Gilat's cash flow statement reveals a significant improvement in free cash flow growth at 56.70% in the TTM period, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.20, which is lower than ideal, suggesting potential inefficiencies in converting income to cash. The free cash flow to net income ratio is 0.72, showing a reasonable conversion of profits into cash. Overall, the cash flow position is improving, but there is potential for better cash conversion efficiency.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue392.83M305.45M266.09M239.84M214.97M166.13M
Gross Profit126.08M113.33M104.94M86.91M71.27M41.38M
EBITDA44.57M43.26M41.83M18.74M11.45M46.35M
Net Income23.70M24.85M23.50M-5.93M-3.03M35.08M
Balance Sheet
Total Assets675.75M429.75M426.89M385.41M367.74M412.19M
Cash, Cash Equivalents and Short-Term Investments154.88M119.38M103.96M86.59M84.02M88.75M
Total Debt65.03M8.57M14.90M3.83M4.10M8.90M
Total Liabilities285.15M125.31M152.20M141.29M119.41M161.80M
Stockholders Equity390.60M304.44M274.69M244.13M248.32M250.39M
Cash Flow
Free Cash Flow33.36M25.06M21.20M-1.98M9.97M38.44M
Operating Cash Flow44.50M31.67M31.94M10.81M18.90M43.16M
Investing Cash Flow-124.00M-6.61M-12.69M-8.16M-11.09M-4.72M
Financing Cash Flow124.91M-8.11M-1.59M0.00-39.00M-24.09M

Gilat Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.70
Price Trends
50DMA
14.51
Positive
100DMA
13.74
Positive
200DMA
10.59
Positive
Market Momentum
MACD
1.43
Positive
RSI
61.71
Neutral
STOCH
53.68
Neutral
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 18.7 is above the 20-day moving average (MA) of 17.87, above the 50-day MA of 14.51, and above the 200-day MA of 10.59, indicating a bullish trend. The MACD of 1.43 indicates Positive momentum. The RSI at 61.71 is Neutral, neither overbought nor oversold. The STOCH value of 53.68 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$1.75B42.956.71%1.46%78.77%
74
Outperform
$1.09B22.8711.38%1.93%-43.22%
70
Outperform
$1.37B45.846.95%29.67%41.90%
63
Neutral
$329.91M22.615.60%10.89%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
57
Neutral
$758.70M-8.72-48.44%14.33%83.32%
49
Neutral
$572.88M-22.18-4.94%2.95%-228.28%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GILT
Gilat
18.70
11.17
148.34%
ADTN
Adtran
9.47
-1.97
-17.22%
AVNW
Aviat Networks
25.57
1.00
4.07%
DGII
Digi International
46.55
10.87
30.47%
HLIT
Harmonic
9.69
-1.66
-14.63%
NTGR
Netgear
20.17
-8.36
-29.30%

Gilat Corporate Events

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 small-group virtual meetings at the Oppenheimer 11th Annual Emerging Growth Conference on February 3, 2026, while Chief Executive Officer Adi Sfadia and Benyamini will deliver a live and archived presentation and host one-on-one meetings at the TD Cowen 47th Annual Aerospace & Defense Conference in Arlington, Virginia, on February 11–12, 2026. The planned conference appearances underscore Gilat’s efforts to engage with investors, highlight its positioning in satellite networking and defense-related markets, and potentially broaden interest among institutional stakeholders following its multi-orbit, commercial and defense connectivity strategy.

The most recent analyst rating on (GILT) stock is a Buy with a $21.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

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 performance in the satellite communications market. Following the release, Chief Executive Officer Adi Sfadia and Chief Financial Officer Gil Benyamini will host conference calls and webcasts in English and Hebrew to review financial results and business achievements, a format that highlights the company’s global investor base and its focus on transparency and engagement with stakeholders.

The most recent analyst rating on (GILT) stock is a Buy with a $19.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

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 Throughput Satellites to support multiple applications, including advanced mobility services, with deliveries scheduled over the next 12 months. The deal reinforces Gilat’s position as a key provider of high-capacity ground systems for next-generation VHTS networks, signaling continued operator confidence in its scalable, multi-application technology and further strengthening its foothold in the fast-growing Asia-Pacific satellite connectivity market.

The most recent analyst rating on (GILT) stock is a Buy with a $19.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat to Showcase Strategy at 28th Annual Needham Growth Conference on January 13, 2026
Jan 8, 2026

On January 8, 2026, Gilat Satellite Networks announced that its management team will participate in the 28th Annual Needham Growth Conference at the Lotte NY Palace Hotel in New York on January 13, 2026, where the CEO and CFO will host a fireside chat and hold one-on-one meetings with investors, with the session to be accessible via webcast on the company’s investor relations website. The appearance underscores Gilat’s efforts to engage the investment community and highlight its positioning in satellite networking and broadband communications, potentially reinforcing investor awareness of its technology portfolio and strategic role in both commercial and defense connectivity markets.

The most recent analyst rating on (GILT) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat Raises $98.8 Million in Israeli Private Share Placement
Dec 30, 2025

On December 30, 2025, Gilat Satellite Networks Ltd. completed a private placement in Israel of 8,888,889 ordinary shares to Israeli institutional and accredited investors at a price of $11.25 per share, raising approximately $98.8 million in net proceeds after offering expenses. The offering, conducted solely in Israel under a Regulation S exemption and excluding U.S. persons, reflects Gilat’s continued use of local capital markets while subjecting the new shares to transfer restrictions and leaving them unregistered under the U.S. Securities Act, with implications for share liquidity and the company’s financing flexibility amid regional geopolitical risks highlighted in its SEC disclosures.

The most recent analyst rating on (GILT) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat Secures $100 Million in Oversubscribed Private Placement
Dec 16, 2025

On December 16, 2025, Gilat Satellite Networks Ltd. announced it had secured commitments from Israeli institutional and accredited investors for a private placement of 8,888,889 Ordinary Shares at $11.25 per share, totaling approximately $98.8 million after expenses. This transaction, representing about 12.15% of Gilat’s outstanding shares, is expected to close in December 2025, with proceeds aimed at general corporate purposes, including strategic acquisitions. The placement underscores Gilat’s strategic efforts to enhance its financial standing and pursue growth opportunities, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (GILT) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat Secures $10 Million Order for Earth Observation Solution
Dec 2, 2025

On December 2, 2025, Gilat Satellite Networks Ltd. announced a significant order valued at approximately $10 million for a Direct Downlink Earth Observation Solution. This order, to be delivered within the next 12 months, marks an expansion of Gilat Defense’s capabilities into the earth observation and geospatial insights domain. The solution will provide real-time data for intelligence and surveillance, enhancing Gilat’s market position by offering a transportable direct downlink terminal for secure and timely delivery of insights in remote locations.

The most recent analyst rating on (GILT) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat Secures $6 Million in Orders for LEO Constellations Support
Nov 20, 2025

On November 20, 2025, Gilat Satellite Networks announced receiving over $6 million in orders for its Wavestream Gateway Solid State Power Amplifiers (SSPAs) to support Low Earth Orbit (LEO) constellations. These orders highlight the strong demand for Gilat’s technology, which ensures robust and reliable connectivity for next-generation satellite networks. The deliveries are expected over the next 12 months, reinforcing Gilat’s position as a key player in the satellite networking industry.

The most recent analyst rating on (GILT) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat Satellite Networks Reports Strong Q3 2025 Results and Raises Guidance
Nov 12, 2025

On November 12, 2025, Gilat Satellite Networks Ltd. announced its unaudited third-quarter results, highlighting a 58% increase in revenues to $117.7 million and a rise in adjusted EBITDA to $15.6 million. The company raised its full-year 2025 revenue and adjusted EBITDA guidance, reflecting strong financial performance and investor confidence. Notable achievements include securing multi-million dollar orders from the U.S. and Israeli defense sectors, significant commercial wins, and a $66 million private placement. These developments underscore Gilat’s competitive edge and potential for future growth in the satellite communications industry.

The most recent analyst rating on (GILT) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

Gilat Secures $7 Million Order for In-Flight Connectivity
Nov 5, 2025

On November 5, 2025, Gilat Satellite Networks Ltd. announced a $7 million order for its Aerostream 60W Ka-band Wideband BUCs, which will be used in a next-generation In-Flight Connectivity solution for commercial aircraft. This order highlights Gilat’s expertise in delivering high-efficiency RF solutions for airborne connectivity, following successful line-fit certification and a joint qualification program completed in the third quarter of 2025.

The most recent analyst rating on (GILT) stock is a Buy with a $15.50 price target. To see the full list of analyst forecasts on Gilat stock, see the GILT Stock Forecast page.

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.Date of analysis: Jan 14, 2026