Gilat Reports Third Quarter 2025 Results
Gilat Satellite Networks .Gilat Satellite Networks .(US:GILT) Globenewswire·2025-11-12 12:13

Core Insights - Gilat Satellite Networks Ltd. reported a significant revenue increase of 58% year-over-year, reaching $117.7 million in Q3 2025, compared to $74.6 million in Q3 2024 [8] - The company achieved a GAAP operating income of $7.5 million, up from $6.7 million in the same quarter last year, and a non-GAAP operating income of $12.8 million, compared to $8.3 million in Q3 2024 [8] - Adjusted EBITDA for the quarter was $15.6 million, an increase from $10.7 million in Q3 2024 [8] Financial Performance - Revenues for the first nine months of 2025 totaled $314.7 million, compared to $227.3 million for the same period in 2024, indicating a strong growth trajectory [18] - The company is raising its full-year 2025 revenue guidance to a range of $445 million to $455 million, reflecting a growth rate of approximately 47% at the midpoint [4] - Adjusted EBITDA for 2025 is now expected to be between $51 million and $53 million, representing a growth rate of approximately 23% at the midpoint [5] Management Commentary - CEO Adi Sfadia highlighted the company's strong quarter, emphasizing robust cash generation and successful execution in satellite communications [6] - The company secured significant contracts, including multi-million dollar orders from the U.S. Department of Defense and the Israeli Ministry of Defense, as well as a $25 million order from Pronatel in Peru [6] - The recent $66 million private placement reflects investor confidence in the company's strategy and provides additional resources for growth [6] Recent Developments - Gilat's Defense division achieved new milestones with substantial orders, while the Commercial division recorded major wins for its SkyEdge IV platform [6] - The company has integrated AI into its Network Management System, enhancing automation and intelligence in satellite network operations [6] - Gilat's diversified solution portfolio and commitment to innovation position it well for future growth opportunities, both organically and through acquisitions [6]