Gilat Satellite Networks Ltd. filed a Form 6-K with the SEC on November 10, 2026, furnishing a press release reporting its unaudited financial results for the third quarter ended September 30, 2026.

Key Highlights

  • Revenue: $116.2 million in Q3 2026, compared with $117.7 million in Q3 2025, according to the filing.
  • Adjusted EBITDA: Increased 13% to $17.6 million from $15.6 million in Q3 2025; Adjusted EBITDA margin expanded to 15% from 13%.
  • Non-GAAP net income: Rose 21% to $14.3 million, or $0.18 per diluted share, compared with $11.8 million, or $0.19 per diluted share, in Q3 2025.
  • GAAP net income: $8.7 million ($0.11 per diluted share), compared with $8.1 million in Q3 2025.
  • Cash position: $260 million in cash, cash equivalents, and short-term deposits as of September 30, 2026, up from $159 million as of June 30, 2026, including approximately $99 million in net proceeds from $100 million convertible notes issued during the quarter.
  • Updated 2026 guidance: The company revised its full-year 2026 outlook to revenues of $455 million to $475 million and Adjusted EBITDA of $61 million to $63 million.
  • Comtech acquisition: The company disclosed the transaction is expected to close by year-end, subject to applicable closing conditions, and is expected to more than double defense revenues in 2027.

Gilat Satellite Networks Q3 2026 Financial Results and Comtech Acquisition Update

Gilat Satellite Networks Ltd. (NASDAQ:GILT, TASE: GILT) reported its unaudited third quarter 2026 results on November 10, 2026. According to the filing, revenues were $116.2 million, a slight decrease from $117.7 million in the same quarter of 2025. The company attributed the year-over-year revenue softness in part to "weaker currency conditions and bad debt write-offs resulting from Hughes Network Systems' Chapter 11 filing," quoting CEO Adi Sfadia's commentary included in the press release.

Despite the revenue comparison, the filing reported improvement across profitability measures. GAAP operating income increased to $7.9 million from $7.5 million in Q3 2025. Non-GAAP operating income rose 14% to $14.6 million from $12.8 million. The company's Defense segment was noted in the filing as a contributor to momentum, with the CEO stating that Defense segment revenues grew 53% year over year. The filing also cited rescheduled terminal deliveries in in-flight connectivity (IFC), delays in LEO and GEO satellite development and launches, and later-than-anticipated agreements in Peru as factors informing the revised full-year revenue outlook.

Regarding the Comtech acquisition, the filing stated the transaction "is expected to close by year-end, subject to the satisfaction of applicable closing conditions," and that it is expected to "more than double defense revenues in 2027." The company also noted that $100 million in five-year convertible notes were issued during the quarter at a 60% conversion premium, contributing net proceeds of approximately $99 million to cash balances. The updated 2026 guidance covers revenues in the range of $455 million to $475 million and Adjusted EBITDA between $61 million and $63 million, provided on a non-GAAP basis only.

What Was Disclosed

The Form 6-K furnished unaudited Q3 2026 financial results for Gilat Satellite Networks, including revenue, GAAP and non-GAAP income metrics, an updated full-year 2026 financial guidance range, cash position details, and a status update on the pending Comtech acquisition.