Highlights

  • Total revenues for the fiscal first quarter ended June 30, 2026 were $1,156,543 thousand, compared with $1,171,054 thousand.
  • Net loss attributable to Viasat was $51,741 thousand, or $0.38 per share, compared with $56,434 thousand, or $0.43.
  • Firm backlog was $4,217.7 million at June 30, 2026, and new awards were approximately $1.3 billion in the quarter.
  • Total outstanding indebtedness had an aggregate principal amount of $6.6 billion, and cash and cash equivalents were $1.7 billion.

Viasat, Inc. (NASDAQ:VSAT) shares were trading at USD 75.75 on October 28, 2026, up 7.75%, with a relative volume at time of 2.95. The satellite communications company filed its quarterly report for the fiscal first quarter ended June 30, 2026 on August 6, 2026, with management commentary on backlog and fiscal 2027 outlook.

Viasat is incorporated in Delaware. It is a global provider of communications technologies and services, using its own satellite fleet and third-party capacity to serve aviation, maritime, enterprise, consumer, military and government users. The company manages two reportable segments, communication services and defense and advanced technologies. At June 30, 2026, its fleet had 23 in service or operational satellites. Its fiscal year ends March 31, and the quarter ended June 30, 2026 is its first quarter of fiscal year 2027.

Fiscal First Quarter 2027 Results

The Form 10-Q filed on August 6, 2026 covers the three months ended June 30, 2026. Total revenues were $1,156,543 thousand, compared with $1,171,054 thousand a year earlier. Service revenues were $832,438 thousand and product revenues were $324,105 thousand. The company said product revenues decreased by $20.6 million and service revenues increased by $6.1 million.

Income from operations was $47,308 thousand, compared with $46,672 thousand. Independent research and development expense was $45,491 thousand, compared with $34,193 thousand, which the company tied to multi-orbit initiatives in communication services. Interest expense was $82,304 thousand, compared with $100,357 thousand. The provision for income taxes was $23,111 thousand, an effective tax rate of negative 116%.

Net loss was $42,794 thousand. Net loss attributable to Viasat, Inc. was $51,741 thousand, or $0.38 per diluted share, compared with $56,434 thousand, or $0.43.

In communication services, the company reported a $31.5 million increase in aviation service revenue and a $20.0 million increase in government satcom, offset by a $47.3 million decrease in fixed services and other. Defense and advanced technologies segment revenues decreased by $12.2 million. At June 30, 2026, in-flight connectivity systems were installed and in service on approximately 4,630 commercial aircraft, Ka-band services reached approximately 12,900 vessels, and the U.S. fixed broadband business had approximately 115,000 subscribers.

Balance Sheet, Cash Flow and Debt

Cash and cash equivalents were $1,735,819 thousand at June 30, 2026, compared with $1,746,835 thousand. Total assets were $15,111,602 thousand and total liabilities were $10,393,911 thousand. Net cash provided by operating activities was $260.6 million, and cash used in investing activities was approximately $218.9 million.

The aggregate principal amount of outstanding indebtedness was $6.6 billion. The company had no outstanding borrowings under either revolving credit facility. Under a June 2025 term sheet with Ligado Networks, a $100 million payment that was due in March 2026 remains outstanding pending resolution of certain matters.

Firm backlog was $4,217.7 million, including communication services at $2,816.1 million and defense and advanced technologies at $1,401.6 million.

Fiscal 2027 Outlook and Segment Review

The 10-Q does not provide numerical financial guidance. On the earnings call, management said it expects fiscal 2027 revenue growth in the mid-single digits and adjusted EBITDA flat to up slightly. It also said consolidated capital expenditures are expected between $950 million and $1 billion, and that net leverage was 3.2x.

Management described its ongoing strategic review of the defense and advanced technologies segment as aimed at delivering shareholder value, without announcing a separation. It said ViaSat-3 F3 service entry over Asia Pacific is expected in late August or early September. The 10-Q states commercial service on ViaSat-3 F2 is expected to commence in September 2026.