NASDAQ$GILT

Gilat Satellite Networks Ltd · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Gilat reported a revenue increase but posted a net loss due to operational and acquisition-related costs.

Gilat Satellite Networks saw a 21% year-over-year revenue increase in Q1 2025 but recorded a net loss of $6 million. The defense segment performed strongly, while continued investment in the Stellar Blu unit impacted profitability.

  • Revenue grew 21% year-over-year to $92 million.
  • GAAP net loss was $6 million, primarily due to costs related to Stellar Blu ramp-up.
  • Adjusted EBITDA was $7.6 million; excluding Stellar Blu impact, it was $11.2 million.
  • Sidewinder ESA is now flying on over 150 aircraft, with strong feedback and additional orders expected.

Headline financials

Total Revenue

$92M

Previous: $76.1M+20.9%
EPS (adj)

$0.03

Previous: $0.11-72.7%
Adjusted EBITDA

$7.6M

No prior period
Non-GAAP Operating Income

$5.2M

No prior period
Non-GAAP Net Income

$1.8M

No prior period
Net Income

-$6M

Previous: $4.96M-220.9%
Operating Income

-$2.7M

Previous: $3.58M-175.4%

Revenue & EPS history

Gilat · Revenue · Quarterly

$92M

Q1 2025+20.9%vs Q1 2024
Beat estimate in 2 of 13 quarters(15%)
ActualEstimate

Forward guidance

Gilat reaffirmed its 2025 guidance, expecting significant revenue and adjusted EBITDA growth driven by strong defense momentum and expanding IFC deployments.

Tailwinds

  • Revenue guidance range set at $415–$455 million, up 42% at midpoint.
  • Adjusted EBITDA guidance range is $47–$53 million, up 18% at midpoint.
  • Strong momentum in Gilat Defense segment.
  • Growing demand and adoption for Sidewinder ESA in IFC market.
  • Expansion into ISR and VVIP aviation markets underway.

Headwinds

  • Operational loss due to Stellar Blu ramp-up impact.
  • GAAP net income turned negative compared to Q1 2024.
  • Amortization and one-time acquisition-related costs affected profitability.
  • Lower non-GAAP operating income and adjusted EBITDA year-over-year.
  • No clear breakdown of performance by geography or segment in report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.6%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-4.6%

Avg return

30 days after

43%

21 / 49 earnings

Positive

+13.0%

Q4 2021

Best reaction

-21.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025-21.0%-22.8%-24.6%
Q4 2024-3.9%-8.3%-4.7%
Q3 2024-13.6%-1.2%+5.3%
Q1 2024-0.4%-0.7%-5.0%
Q4 2023-6.6%-7.3%-16.4%
Q3 2023-5.0%-6.2%+5.9%
Q2 2023+9.8%+10.7%+2.9%
Q1 2023+0.6%+1.5%+3.5%
Q4 2022+5.3%+4.6%-2.8%
Q3 2022+1.5%-1.2%-8.7%
Q2 2022+0.1%+0.3%-15.2%
Q1 2022-2.4%+1.5%-11.7%
Q4 2021+13.0%+6.4%+0.4%
Q3 2021-1.7%-3.0%-8.6%
Q2 2021-1.6%-0.6%-8.3%
Q1 2021-4.0%-4.8%+1.6%
Q4 2020-14.6%-28.0%-41.9%
Q3 2020-10.4%-11.1%+5.6%
Q2 2020-0.2%-0.9%+1.9%
Q1 2020-12.8%-0.7%-4.1%
Q4 2019+0.9%-1.1%-44.3%
Q3 2019+10.0%+9.6%-0.1%
Q2 2019-1.0%-1.8%-6.8%
Q1 2019-1.8%-1.9%-3.9%
Q4 2018-6.9%-7.2%-7.7%
Q3 2018-7.2%-8.0%-12.7%
Q2 2018-1.0%-5.5%+2.6%
Q1 2018+4.6%+3.5%+9.8%
Q4 2017+9.2%+12.0%+22.1%
Q3 2017-1.2%-2.9%-3.9%
Q2 2017+5.8%+4.3%+6.5%
Q1 2017+0.4%-2.0%-15.7%
Q4 2016-13.0%-9.7%-13.3%
Q3 2016+9.2%+12.0%+17.9%
Q2 2016+5.2%+2.9%+13.2%
Q1 2016-3.5%
Q4 2015-0.5%
Q3 2015+6.6%
Q2 2015-16.7%
Q4 2014-0.6%
Q3 2013-11.8%
Q4 2012-6.1%
Q2 2011+0.5%
Q2 2012+12.8%
Q4 2009+2.7%
Q4 2010+2.7%
Q4 2011+2.7%
Q3 2010-11.0%
Q1 2010+1.2%

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