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ViaSat
(NASDAQ:VSAT)
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Rating:60Neutral
Price Target:
$86.00
▲(18.69% Upside)
Action:Reiterated
Date:08/07/26
VSAT scores a 60 primarily due to improving operations and cash generation but elevated leverage and a sharp TTM revenue decline. Technicals add support as the stock is in a clear uptrend with healthy (not overextended) momentum. The latest earnings call was net positive with reiterated FY2027 guidance, strong awards/backlog, and ViaSat-3 progress, but ongoing segment headwinds and a negative P/E keep the overall score in the mid-range.
Positive Factors
Improved Cash Generation
Sustained positive operating cash flow and material TTM free cash flow signal durable internal funding for operations, capex and deleveraging. This reduces reliance on external financing, supports ViaSat-3 completion and strategic investments while cushioning against cyclical revenue swings.
Negative Factors
High Leverage
A materially levered capital structure limits financial flexibility and raises refinancing risk if earnings or cash flow falter. Even with improving cash generation, elevated debt constrains capital allocation, increases interest sensitivity and can slow strategic investments or M&A activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
Sustained positive operating cash flow and material TTM free cash flow signal durable internal funding for operations, capex and deleveraging. This reduces reliance on external financing, supports ViaSat-3 completion and strategic investments while cushioning against cyclical revenue swings.
Read all positive factors
ViaSat Key Performance Indicators (KPIs)
Any
Contracts Awarded By Segment
Tracks new contracts secured in each segment, reflecting business development success and future revenue streams.
Tracks new contracts secured in each segment, reflecting business development success and future revenue streams.
Data provided by:
The Fly
The FlyViaSat (VSAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.98B
Dividend YieldN/A
Average Volume (3M)2.78M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth1.35%
EPS Growth94.88%
CountryUS
Employees7,000
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.26
Shares Outstanding137,755,810
10 Day Avg. Volume2,060,341
30 Day Avg. Volume2,777,544
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)1.32
Price to Sales (P/S)1.33
P/FCF Ratio10.34
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
$104.33Price Target Upside43.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-1.43
Revenue Forecast (FY)$4.85B
ViaSat Business Overview & Revenue Model
Company Description
Viasat, Inc. is a global innovator in broadband and communications technology, delivering its products and services worldwide. The company's operations are divided into two main segments. Its Satellite Services division provides satellite-based in...
How the Company Makes Money
Viasat makes money primarily by selling connectivity and communications services and by selling related equipment and systems. A major revenue stream comes from recurring service revenue: subscription and usage-based fees for satellite broadband a...
ViaSat Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: record awards and backlog growth, meaningful DAT wins (including PTS-G), improved cash generation (free cash flow +19%), debt reduction (net debt/EBITDA improved), and important ViaSat-3 in-orbit milestones that should add significant capacity and long-term revenue potential. Near-term headwinds were acknowledged: slight revenue and adjusted EBITDA declines driven by IP licensing reductions and one-time comparables, subscriber and fixed broadband erosion, maritime installation delays, and a sharp QoQ decline in space & mission systems due to supplier delays. Management maintained fiscal year guidance and emphasized DAT momentum, multi-orbit strategy, and plans to monetize spectrum and Equatys in due course. Overall, positive operational momentum and a constructive outlook outweigh the identifiable near-term segment challenges.Positive Updates
Record Awards and Backlog Growth
Company-wide awards of ~$1.3 billion, up 10% year-over-year; backlog $4.2 billion, up almost 19% (Communication Services +13%, Defense & Advanced Technologies (DAT) +32%).
Negative Updates
Modest Revenue and EBITDA Contraction
Company revenue $1.2 billion, down ~1% YoY; adjusted EBITDA $381 million, down 7% YoY (management states EBITDA would be roughly flat excluding Navarino sale and reduced IP licensing impacts).
Read all updates
Q1-2027 Updates
Positive
Negative
Record Awards and Backlog Growth
Company-wide awards of ~$1.3 billion, up 10% year-over-year; backlog $4.2 billion, up almost 19% (Communication Services +13%, Defense & Advanced Technologies (DAT) +32%).
Read all positive updates
Company Guidance
Guidance: Viasat reiterated fiscal 2027 guidance calling for mid-single‑digit consolidated revenue growth (Communication Services low‑single digits, DAT mid‑teens), adjusted EBITDA flat to up slightly year‑over‑year, consolidated CapEx of $950M–$1.0B (maintenance ≈$400M; capitalized interest >$150M; ViaSat‑3 ≈$50M, mostly in Q1; success‑based up to $150M; growth CapEx $225M–$250M) including Inmarsat CapEx of $250M–$300M, and free cash flow of about $180M. Recent quarter metrics that frame the outlook: Q1 awards ≈$1.3B (+10%); backlog $4.2B (+~19%, Communication Services +13%, DAT +32%); revenue $1.2B (‑1%); adjusted EBITDA $381M (‑7%); Q1 free cash flow $72M (+19%) driven by operating cash flow $291M (+13%) and CapEx $219M (+11%); net debt/TTM EBITDA ~3.2x (improved 0.4x YoY). Segment highlights informing guidance: Communication Services revenue $825M (flat) and adjusted EBITDA $311M (‑3%); aviation revenue +11% with ~4,530 aircraft in service (+10% YoY) and ~850 IFC backlog; government SATCOM +10%; maritime >1,700 NexusWave vessels in service with order book >1,400; fixed broadband subscribers 115,000 (ARPU $111). DAT awards were $524M (+22%) with DAT revenue $331M (‑4%) and adjusted EBITDA $70M (‑20%, impacted by declining IP licensing).ViaSat Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
43
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.63B | 4.64B | 4.52B | 4.28B | 2.56B | 2.42B |
| Gross Profit | 1.41B | 1.27B | 1.49B | 1.38B | 721.40M | 705.90M |
| EBITDA | 1.79B | 1.84B | 1.24B | 363.98M | 397.12M | 403.70M |
| Net Income | -29.39M | -34.09M | -574.96M | -1.07B | -577.09M | -15.53M |
Balance Sheet | ||||||
| Total Assets | 15.11B | 15.23B | 15.45B | 16.33B | 7.73B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 1.74B | 1.75B | 1.61B | 1.90B | 1.35B | 310.46M |
| Total Debt | 6.93B | 6.94B | 7.52B | 7.64B | 2.78B | 2.85B |
| Total Liabilities | 10.39B | 10.50B | 10.80B | 11.26B | 3.87B | 3.71B |
| Stockholders Equity | 4.64B | 4.66B | 4.55B | 5.03B | 3.82B | 2.63B |
Cash Flow | ||||||
| Free Cash Flow | 578.29M | 597.11M | -122.00M | -851.19M | -796.46M | -484.67M |
| Operating Cash Flow | 1.59B | 1.59B | 908.19M | 688.20M | 367.86M | 505.64M |
| Investing Cash Flow | -802.02M | -759.05M | -758.36M | -1.29B | 768.04M | -1.13B |
| Financing Cash Flow | -230.84M | -694.42M | -442.59M | 1.12B | -66.13M | 643.63M |
ViaSat Technical Analysis
Neutral
72.46
Price Trends
74.68
Negative
70.71
Positive
56.02
Positive
Market Momentum
-0.68
Positive
41.45
Neutral
5.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VSAT, the sentiment is Neutral. The current price of 72.46 is below the 20-day moving average (MA) of 79.34, below the 50-day MA of 74.68, and above the 200-day MA of 56.02, indicating a neutral trend. The MACD of -0.68 indicates Positive momentum. The RSI at 41.45 is Neutral, neither overbought nor oversold. The STOCH value of 5.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VSAT.
ViaSat Risk Analysis
ViaSat disclosed 34 risk factors in its most recent earnings report. ViaSat 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
ViaSat Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $79.44B | -10.10 | -300.07% | ― | 83.22% | -24212.72% | |
64 Neutral | $779.54M | 22.10 | 6.14% | ― | 39.47% | 14.43% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $9.98B | -275.04 | -0.64% | ― | 1.35% | 94.88% | |
55 Neutral | $24.13B | -27.72 | -35.08% | ― | 2256.89% | -12.66% |
* Technology Sector Average
VSAT
ViaSat
71.51
39.01
120.03%
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10.17
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939.03
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ASTS
AST SpaceMobile
59.88
11.63
24.10%
ViaSat Corporate Events
Business Operations and StrategyExecutive/Board Changes
Viasat Adds Independent Directors, Strengthens Strategic Review Efforts
Positive
May 7, 2026
On May 6, 2026, ViaSat’s board appointed Arrcus CEO Shekar Ayyar as an independent Class II director and investor and director Jinhy Yoon as an independent Class I director, expanding the board to 10 members, eight of them independent, and a...
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.