Key Highlights

  • Gilat Satellite Networks (NASDAQ:GILT) closed at USD 6.12 on Tuesday, November 10, 2026, down 19.26% from a calculated prior close of USD 7.58, among the largest decliners in a published screener snapshot of 4,625 names.
  • Third quarter Revenue was USD 116.2 million, down about 1.2% from USD 117.7 million a year earlier and below a consensus of USD 126.2 million; non-GAAP diluted EPS was USD 0.18 against USD 0.17 expected.
  • The company cut 2026 revenue guidance to USD 455 million to USD 475 million from USD 500 million to USD 520 million, and set adjusted EBITDA guidance at USD 61 million to USD 63 million.
  • Volume was 1.54 million shares at a relative Volume of 1.31, with a Market Value of USD 471.42 million, trailing diluted EPS of USD 0.44 and a P/E of 14.03.

What Moved Gilat Satellite Networks on November 10 (-19.26%)

The satellite communications company reported third quarter 2026 results on Tuesday, November 10, 2026, and the shares ended at USD 6.12, down 19.26%. Simple arithmetic gives a calculated prior close of USD 7.58 for Monday, November 9, 2026, a loss of USD 1.46 per share. Revenue of USD 116.2 million fell about 1.2% from USD 117.7 million and missed the consensus of USD 126.2 million by about USD 10.0 million (calculated). Profit measures improved: adjusted EBITDA rose 13% to USD 17.6 million, a Margin of about 15%, and non-GAAP Net Income rose 21% to USD 14.3 million. Non-GAAP gross margin was about 35.8%. GAAP diluted EPS was USD 0.11 against USD 0.14 a year earlier.

The Rationale: A Guidance Cut Despite Higher Margins

The catalyst was the revenue outlook. The 6-K shows 2026 revenue guidance of USD 455 million to USD 475 million, with the midpoint of USD 465 million about 8.8% below the prior midpoint of USD 510 million (calculated). Earlier guidance of USD 500 million to USD 520 million had been unchanged through prior calls, and first-half revenue was USD 233.1 million, so the old range required a back-loaded fourth quarter. Adjusted EBITDA guidance is USD 61 million to USD 63 million. Cash, cash equivalents and short-term deposits were USD 260 million at September 30, 2026, up from USD 159 million at June 30, including about USD 99 million of net proceeds from USD 100 million of convertible notes. The pending Comtech deal remains subject to regulatory review. These are the company's reported figures.

Valuation, Liquidity and Risks for Gilat Satellite Networks

At USD 6.12 and USD 0.44 of trailing diluted EPS, the P/E is 14.03, with EPS growth of +11.19% and a Dividend Yield of 0.00%. The market value of USD 471.42 million compares with USD 260 million of cash, though the convertible notes add debt. Volume of 1.54 million shares was 1.31 times the recent average, a mid-size liquidity picture. Risks include growth that is lower than expected, lumpy defense and in-flight connectivity orders, margin swings, currency effects from the shekel and regulatory timing on the Comtech deal. Nothing here implies the move will continue; a results-day repricing can reverse or extend.

Where Things Stand

Gilat Satellite Networks (NASDAQ:GILT) fell 19.26% on November 10, 2026 because third quarter revenue of USD 116.2 million missed consensus and 2026 revenue guidance was cut to USD 455 million to USD 475 million, even as margins and EBITDA improved. The close was USD 6.12 against a calculated USD 7.58 a day earlier. Investors will watch fourth quarter orders and cash use.