Gilat Satellite Networks Ltd. reported third‑quarter 2025 results that surpassed expectations across the board. Total revenue climbed 58% year‑over‑year to $117.7 million, driven by a $73 million contribution from the Commercial division, a $25 million order influx in the Peru segment, and multi‑million‑dollar contracts from the U.S. Army and the Israeli Ministry of Defense. The company’s adjusted EBITDA rose to $15.6 million, up from $10.7 million in Q3 2024, reflecting both higher sales and disciplined cost management.
GAAP operating income increased to $7.5 million from $6.7 million a year earlier, while the non‑GAAP diluted earnings per share reached $0.19, beating the consensus estimate of $0.10–$0.11 by $0.08–$0.09. The earnings beat was largely attributable to a favorable product mix that shifted toward higher‑margin commercial and defense contracts, coupled with effective cost controls that kept operating expenses in line with revenue growth.
Management raised its full‑year 2025 outlook, projecting revenue of $445 million to $455 million and adjusted EBITDA of $51 million to $53 million—an increase of roughly 47% and 23% at the midpoints, respectively. The upward revision signals confidence in sustained demand for Gilat’s multi‑orbit ground‑segment solutions and the successful integration of Stellar Blu’s technology, which was completed on January 7 2025 for an initial $98 million with potential upside of $147 million.
The company also announced a $66 million private placement, underscoring investor confidence and providing liquidity for future growth initiatives. In September 2025, Gilat unveiled the integration of artificial‑intelligence capabilities into its Network Management System, positioning the firm to deliver automated, intelligence‑driven operations for satellite networks.
CEO Adi Sfadia highlighted the quarter as a “significant milestone” in Gilat’s transformation, noting that the company’s “competitive edge in satellite communications and success in next‑generation programs” is translating into strong order flow. He added that the Stellar Blu acquisition would “position us as a market leader for both commercial and business aviation” and that the firm expects to ship hundreds of Stellar Blu’s Sidewinder terminals in the coming quarters.
Investors responded positively to the earnings beat and the raised guidance, reflecting confidence in Gilat’s execution and the broader market demand for satellite‑based connectivity solutions.
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