Gilat Satellite Networks Ltd.
- Open
- 13.00
- Day high
- 13.56
- Day low
- 12.92
- Prev close
- 13.02
- Volume
- 1.0M
- Mkt cap
- $1.0B
- P/E (TTM)
- 25.6
- EPS (TTM)
- $0.52
- P/B
- 1.9
- P/S
- 2.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$268K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Gilat Satellite Networks Ltd. (GILT) is a Technology company listed on NASDAQ. The stock is up 88% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Gilat Satellite Networks Ltd. (GILT) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GILT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 13, 2026 | $-0.06 | $0.18 | +400.0% | $110M | -3.6% |
| Nov 12, 2025 | $0.13 | $0.19 | +46.2% | $118M | -9.9% |
| Aug 6, 2025 | $0.10 | $0.21 | +110.0% | $105M | -6.4% |
| May 19, 2025 | $0.07 | $0.03 | -57.1% | $92M | -9.0% |
| Feb 12, 2025 | $0.14 | $0.15 | +7.1% | $78M | -5.5% |
| Nov 13, 2024 | $0.05 | $0.12 | +140.0% | $75M | -9.7% |
| Feb 26, 2024 | $0.07 | $0.11 | +57.1% | $76M | -0.5% |
| Feb 14, 2023 | $0.06 | $0.14 | +133.3% | $73M | -2.0% |
| Nov 14, 2022 | $0.03 | $0.06 | +100.0% | $60M | -10.2% |
| May 23, 2022 | $-0.05 | $-0.03 | +40.0% | $51M | -0.5% |
| Feb 15, 2022 | $0.05 | $0.10 | +100.0% | $67M | -0.1% |
| Aug 10, 2021 | — | $0.01 | — | $57M | -7.9% |
GILT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | Rohrstock Ariehofficer: President, Gilat Peru | Sell | 17,568 | $15.23 |
| Jun 15, 2026 | Rohrstock Ariehofficer: President, Gilat Peru | Option | 30,000 | $6.22 |
| Mar 23, 2026 | Kerbel Doronofficer: Chief Legal Officer | Sell | 7,500 | $18.03 |
| Mar 19, 2026 | Sfadia Adiofficer: CEO | Sell | 3,978 | $16.85 |
| Mar 19, 2026 | Sfadia Adiofficer: CEO | Option | 6,010 | $5.68 |
| Mar 19, 2026 | Sfadia Adiofficer: CEO | Sell | 37,500 | $16.85 |
| Mar 19, 2026 | Sfadia Adiofficer: CEO | Sell | 7,500 | $16.85 |
Source: GILT SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full GILT insider & 13F page →Gilat Satellite Networks Ltd. company profile
Overview
Gilat Satellite Networks Ltd. (NASDAQ:GILT) is an Israeli technology company founded in 1987 and headquartered in Petah Tikva, Israel. The company went public in 1993 and has established itself as a leading provider of satellite-based broadband communication solutions globally. Over its nearly four-decade history, Gilat has evolved from a specialized satellite equipment manufacturer into a comprehensive provider of satellite communication infrastructure, serving customers across defense, commercial, and government sectors. The company has strategically expanded through acquisitions, including the 2023 purchase of DataPath to strengthen its defense capabilities and the 2025 acquisition of Stellar Blu Solutions to enhance its in-flight connectivity offerings.
Business
Gilat operates in the satellite communications industry, providing ground-based infrastructure that enables broadband internet and communication services via satellite networks. The company's core business revolves around designing, manufacturing, and deploying Very Small Aperture Terminals (VSATs) - essentially satellite dishes and associated equipment that connect remote locations to satellite networks for internet and voice communications. The company operates through three main business segments: 1. Satellite Networks (approximately 60% of revenue): This segment manufactures and sells satellite communication equipment including VSATs, amplifiers, modems, and antennas. Products range from small residential satellite dishes to large commercial terminals. The segment also includes the company's flagship SkyEdge IV platform, which provides multi-orbit connectivity supporting both traditional geostationary satellites and newer Low Earth Orbit (LEO) constellations. 2. Integrated Solutions (approximately 20% of revenue): This division provides turnkey satellite network services, including network planning, satellite capacity procurement, installation, and ongoing managed services. Essentially, Gilat acts as a systems integrator, delivering complete satellite communication solutions rather than just equipment. 3. Network Infrastructure and Services (approximately 20% of revenue): This segment builds terrestrial communication infrastructure using fiber-optic and wireless technologies, primarily serving broadband connectivity projects. Much of this work involves government-sponsored digital inclusion initiatives, particularly in Peru where Gilat is deploying rural connectivity networks. The company's products enable satellite internet access in remote areas where traditional terrestrial infrastructure is impractical or unavailable, supporting applications from rural broadband to maritime communications, in-flight connectivity for aircraft, and secure military communications.
Revenue model
Gilat generates revenue through multiple business models across its three segments. The Satellite Networks segment operates on a traditional product sales model, selling hardware equipment including terminals, amplifiers, and modems to satellite operators, telecommunication companies, and system integrators. Revenue is recognized upon equipment delivery, with typical order values ranging from thousands to millions of dollars depending on project scope. The Integrated Solutions segment combines product sales with service fees, operating on a project-based model where Gilat provides complete turnkey solutions. This includes upfront equipment sales, installation services, and often multi-year managed service contracts that provide recurring revenue streams. The company also generates revenue from satellite capacity resale, acting as an intermediary between satellite operators and end customers. The Network Infrastructure segment primarily operates on large government contracts, particularly in Peru's digital inclusion projects, where revenue is recognized based on project milestones and network deployment progress. Key factors that positively impact margins include: economies of scale in manufacturing as order volumes increase, successful integration of acquired companies like DataPath and Stellar Blu, expansion into higher-margin defense applications, and the shift toward managed services which provide recurring revenue. The company benefits from the growing demand for satellite communications driven by LEO constellation deployments and increased connectivity requirements. Margin pressures come from: component cost inflation and supply chain disruptions, intense competition in commodity VSAT markets, customer concentration risk with major satellite operators, and the cyclical nature of large government infrastructure projects. The company's margins are also sensitive to product mix, with defense and specialized applications typically commanding higher margins than standard commercial equipment.
Competitive moat
Gilat's competitive moat is moderate but strengthening through strategic positioning in specialized markets. The company's primary moat stems from its technical expertise in satellite communication protocols and its established relationships with major satellite operators worldwide. Gilat has developed proprietary technologies including its SkyEdge platform and multi-orbit connectivity solutions that provide some differentiation, particularly in supporting both traditional geostationary and newer LEO satellite networks. The company's strongest moat exists in niche applications where technical expertise and regulatory approvals create barriers to entry. The defense market, strengthened by the DataPath acquisition, benefits from security clearances, established relationships with government agencies, and specialized requirements that favor incumbent suppliers. Similarly, the in-flight connectivity market, enhanced by the Stellar Blu acquisition, requires aviation certifications and specialized electronically steered antenna technology that creates switching costs for airlines. However, Gilat faces significant competitive pressures in its core commercial VSAT markets. Large technology companies like Hughes Network Systems and Viasat possess greater scale and resources, while Chinese manufacturers offer lower-cost alternatives. The satellite communications industry is also experiencing disruption from companies like SpaceX's Starlink, which bypasses traditional ground equipment suppliers by providing direct-to-consumer satellite internet services. Gilat's geographic diversification and focus on B2B markets provide some protection from direct consumer-facing competition, but the company must continuously invest in R&D to maintain technological relevance as the industry evolves toward software-defined networks and cloud-based solutions.
Risks & safety
Strong financial position with minimal solvency risk and reasonable valuation metrics. • Cash and liquidity: $119.4 million in cash and short-term investments with minimal debt ($8.5 million), providing substantial financial flexibility • Profitability: Positive and improving with 2024 net income of $24.8 million and adjusted EBITDA of $42.2 million • Cash generation: Strong free cash flow of $25.1 million in 2024, up from $21.2 million in 2023 • Current ratio: Healthy at 2.52x, indicating good short-term liquidity • Debt-to-equity: Very low at 0.028, minimal leverage risk • Valuation metrics: P/E ratio of 14.1x and EV/EBITDA of 5.5x appear reasonable for a technology company with growth prospects • Price-to-book: 1.15x suggests modest premium to book value • Graham number: Current price below calculated intrinsic value metrics • Other considerations: Customer concentration risk with major satellite operators, exposure to government spending cycles, and integration risk from recent acquisitions
Recent development
Over the past few years, Gilat has executed a strategic transformation focused on diversification and vertical integration. The company's most significant move was the 2023 acquisition of DataPath, a U.S.-based defense communications company, for approximately $45 million. This acquisition immediately expanded Gilat's presence in the higher-margin defense market, with DataPath contributing significant revenue growth and providing access to U.S. Department of Defense contracts. In early 2025, Gilat completed the acquisition of Stellar Blu Solutions, a leader in electronically steered antennas for in-flight connectivity. This $120-150 million revenue addition positions Gilat to capitalize on the growing demand for aircraft internet connectivity, with Stellar Blu's multi-orbit ESA terminals offering competitive advantages in size, weight, power consumption, and cost. The company has also undergone organizational restructuring, creating three focused divisions: Gilat Defense (leveraging DataPath capabilities), Gilat Commercial (traditional satellite communications plus Stellar Blu), and Gilat Peru (managing the large-scale digital inclusion projects). This structure allows for more targeted market approaches and clearer accountability. Technologically, Gilat has invested heavily in multi-orbit connectivity solutions, developing platforms that can seamlessly work with both traditional geostationary satellites and newer LEO constellations like OneWeb and potential future systems. The company is also transitioning its SkyEdge platform to cloud-based architectures and developing next-generation electronically steered antennas for both defense and commercial applications. The Peru digital inclusion project represents another strategic pillar, with Gilat deploying rural connectivity networks under government contracts, providing both immediate revenue and long-term service opportunities in underserved markets.
GILT company profile · for informational purposes only — not investment advice.
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