Watch for follow-through on defense contract wins and the Peru segment ramp; any guidance raise in subsequent quarters could drive further upside. Monitor Q2 2026 for operating cash flow improvement.
Price Chart
Executive Summary
Gilat reported Q1 2026 revenue of $110.5M (+20% YoY) and GAAP EPS of $0.07, swinging from a $0.11 loss in Q1 2025. Non-GAAP EPS of $0.18 beat the $0.04 consensus by 350%, and the company reaffirmed its 2026 guidance for $500-520M revenue and $61-66M Adjusted EBITDA. The strong beat and maintained outlook support the bullish sentiment, though the stock's recent run-up tempers the upside.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $110.5M vs $92M in Q1 2025 (+20% YoY)
- GAAP net income $5.2M ($0.07/diluted share) vs GAAP net loss $6M (-$0.11) in Q1 2025
- Non-GAAP EPS $0.18 vs consensus $0.04 (350% beat)
- Adjusted EBITDA $15.1M, doubled from $7.6M in Q1 2025
- 2026 guidance reaffirmed: revenue $500-520M, Adjusted EBITDA $61-66M
- Defense segment revenue $25.4M (+10.5% YoY); Peru segment $12.3M (2.6x YoY)
- Cash and equivalents $140.2M vs $168.9M at year-end 2025; operating cash flow -$12.2M
Financial Impact
Non-GAAP EPS of $0.18 vs $0.04 consensus (+350% beat); revenue beat of ~$4.1M (3.6%) vs $114.6M consensus
Risk Factors
- Operating cash flow negative $12.2M in Q1 2026 vs -$6.6M in Q1 2025
- Cash balance declined $28.8M from year-end 2025 to $140.2M
- Geopolitical risk from Israel operations and Middle East hostilities
- Heavy reliance on defense contracts for growth; any slowdown could impact guidance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3293865 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $8.05 $7.83 | ▼ −2.73% | ▼ −1.63% | $7.95 (−1.24%) |
Oct 15, 2026 12d ago | 6-K | $8.05 $7.83 | ▼ −2.73% | ▼ −1.63% | $7.95 (−1.24%) |
Oct 8, 2026 19d ago | 6-K | $9.32 $8.94 | ▼ −4.08% | ▼ −4.68% | $7.95 (−14.70%) |
Oct 7, 2026 20d ago | 6-K | $9.22 $9.32 | ▲ +1.08% | ▲ +1.51% | $7.95 (−13.77%) |
Oct 5, 2026 22d ago | Press Release | $9.40 $9.22 | ▼ −1.91% | ▼ −2.46% | $7.95 (−15.43%) |
Oct 5, 2026 22d ago | 6-K | $9.40 $9.22 | ▼ −1.91% | ▼ −2.46% | $7.95 (−15.43%) |
Aug 31, 2026 8w ago | 6-K | $9.90 $10.06 | ▲ +1.62% | ▲ +2.30% | $7.95 (−19.70%) |
Aug 31, 2026 8w ago | 6-K | $9.90 $10.06 | ▲ +1.62% | ▲ +2.30% | $7.95 (−19.70%) |
Aug 17, 2026 10w ago | 6-K | $11.24 $10.88 | ▼ −3.20% | ▼ −2.53% | $7.95 (−29.27%) |
Aug 10, 2026 11w ago | 6-K | $11.21 $11.62 | ▲ +3.66% | ▲ +3.41% | $7.95 (−29.08%) |
US Market Status
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