Gilat Satellite Networks .(US:GILT) Globenewswireยท2025-08-06 11:03Core Insights - Gilat Satellite Networks Ltd. reported a revenue increase of 37% year-over-year, reaching $105 million in Q2 2025, compared to $76.6 million in Q2 2024 [8] - The company achieved a GAAP operating income of $5.7 million, up from $2.8 million in the same quarter last year [8] - Adjusted EBITDA for the quarter was $11.8 million, compared to $10.1 million in Q2 2024, reflecting a strong operational performance [8] Financial Performance - Revenue for the first half of 2025 was $197 million, compared to $152.7 million in the first half of 2024 [19] - GAAP net income for Q2 2025 was $9.8 million, or $0.17 per diluted share, compared to $1.3 million, or $0.02 per diluted share, in Q2 2024 [8][19] - Non-GAAP net income for Q2 2025 was $12 million, or $0.21 per diluted share, compared to $5.6 million, or $0.10 per diluted share, in Q2 2024 [8] Forward-Looking Guidance - The company raised its revenue guidance for 2025 to a range of $435 million to $455 million, indicating a growth rate of approximately 46% at the midpoint, up from the previous expectation of 42% [4] - Adjusted EBITDA for 2025 is now expected to be between $50 million and $53 million, reflecting a growth rate of approximately 22% at the midpoint [5] Strategic Developments - Gilat's CEO highlighted the strong performance of the Commercial Division, driven by significant bookings and the adoption of the next-generation SkyEdge IV platform [6] - The company is expanding its Defense segment by leveraging synergies with DataPath to offer a broader range of solutions to defense customers [6] - Recent contracts include over $8 million from Israel's Ministry of Defense and approximately $60 million for digital inclusion solutions in Peru [14]