NASDAQ$VSAT
Viasat Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Viasat's Q3 2020 results showed strong performance with revenue growth, increased net income, and record Adjusted EBITDA.
Viasat Inc. reported strong Q3 fiscal year 2020 results, with revenues totaling $588.2 million and net income increasing to $6.5 million. Non-GAAP net income rose to $24.7 million, and Adjusted EBITDA reached a record $122.3 million, marking a 13% year-over-year increase. New contract awards grew by 29% to $577.4 million, driven by momentum in government, U.S. fixed broadband, and commercial aviation businesses.
- Revenues totaled $588.2 million, a 6% year-over-year increase.
- Net income increased to $6.5 million, compared to a loss of $10.4 million in the same quarter last year.
- Non-GAAP net income increased to $24.7 million, a 256% increase year-over-year.
- Adjusted EBITDA reached a record $122.3 million, a 13% year-over-year increase.
Headline financials
Revenue & EPS history
Viasat · Revenue · Quarterly
$588M
Revenue by segment
Viasat · $780M total across 2 segments · Q1 2024
- Communication Services$560M—71.8%
- Defense & Adv. Tech$220M—28.2%
Forward guidance
Viasat anticipates continued momentum from contract awards and backlog, building confidence in a strong finish to fiscal year 2020 and into fiscal year 2021. The company is focused on executing opportunities and delivering the ViaSat-3 constellation into service.
Tailwinds
- Confidence in a strong finish to fiscal year 2020 and into fiscal year 2021.
- Unique vertical technology and service delivery integration creates compelling long-term opportunities for global expansion.
- Growth drivers for government business are in the early innings and are substantially enhanced by global coverage.
- Diverse portfolio of fixed and mobile broadband satellite services gives flexibility and resilience to thrive in distinct market environments.
- Enormous demand for bandwidth is expected.
Headwinds
- Actual results could differ materially and adversely from those expressed in any forward-looking statements.
- Unexpected expenses related to satellite projects could adversely affect results.
- Inability to successfully implement the business plan for broadband satellite services on the anticipated timeline or at all.
- Risks associated with the construction, launch, and operation of satellites, including anomalies, operational failures, or degradation in satellite performance.
- Reliance on U.S. government contracts and a small number of contracts which account for a significant percentage of revenues.
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 Q3 2020
+0.9%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+0.4%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+39.6%
Q1 2025
Best reaction
-19.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -7.0% | -19.6% | — | |
| Q3 2026 | +11.4% | +21.1% | +17.0% | |
| Q2 2026 | +3.2% | -0.1% | +3.3% | |
| Q1 2026 | +30.7% | +20.0% | +39.3% | |
| Q4 2025 | -5.1% | -13.1% | +22.4% | |
| Q3 2025 | +19.5% | -5.7% | +2.2% | |
| Q2 2025 | -9.7% | -14.3% | -16.2% | |
| Q1 2025 | +39.6% | +23.3% | -2.6% | |
| Q4 2024 | -18.8% | -17.2% | -31.5% | |
| Q3 2024 | -14.8% | -8.3% | -12.0% | |
| Q2 2024 | +7.7% | +3.9% | +37.2% | |
| Q1 2024 | +1.9% | +6.8% | -18.8% | |
| Q4 2023 | +10.2% | +21.3% | +8.4% | |
| Q3 2023 | -16.0% | -13.3% | -0.3% | |
| Q2 2023 | -19.3% | -7.5% | -18.5% | |
| Q1 2023 | +10.5% | +18.4% | +7.7% | |
| Q4 2022 | -10.5% | +2.3% | -22.3% | |
| Q3 2022 | -2.2% | +0.3% | +9.5% | |
| Q2 2022 | -18.0% | -20.0% | -28.7% | |
| Q1 2022 | +7.9% | +13.0% | +3.7% | |
| Q4 2021 | +4.7% | +12.1% | +7.6% | |
| Q3 2021 | +13.0% | +22.7% | +3.4% | |
| Q2 2021 | +3.2% | +7.3% | +9.7% | |
| Q1 2021 | +10.8% | +10.3% | -2.1% | |
| Q4 2020 | +4.6% | -0.4% | -8.5% | |
| Q3 2020 | -1.7% | -2.5% | -21.9% | |
| Q2 2020 | +4.8% | +6.0% | +7.0% | |
| Q1 2020 | +5.1% | +7.1% | +5.5% | |
| Q4 2019 | +5.3% | +3.0% | -6.7% | |
| Q3 2019 | +11.7% | +11.0% | +13.3% | |
| Q2 2019 | +11.0% | +9.9% | +8.4% | |
| Q1 2019 | -15.1% | -9.0% | -11.7% | |
| Q4 2018 | -0.4% | +0.4% | +2.4% | |
| Q3 2018 | -6.7% | -5.1% | +3.3% | |
| Q2 2018 | +0.7% | +8.6% | +11.4% | |
| Q1 2018 | -9.3% | -9.2% | -9.1% | |
| Q4 2017 | +3.0% | +3.6% | +3.4% | |
| Q3 2017 | +0.3% | +3.6% | +1.3% | |
| Q2 2017 | +12.0% | +15.8% | +0.9% | |
| Q1 2017 | -0.4% | -0.9% | +0.1% | |
| Q4 2016 | -2.9% | -1.9% | -0.2% | |
| Q3 2016 | +2.3% | — | — | |
| Q2 2016 | -4.9% | — | — | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | +4.6% | — | — | |
| Q1 2015 | -7.9% | — | — | |
| Q4 2014 | -10.4% | — | — | |
| Q3 2014 | -6.6% | — | — | |
| Q2 2014 | -6.6% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | +19.5% | — | — | |
| Q3 2013 | +26.1% | — | — | |
| Q2 2013 | -11.5% | — | — | |
| Q1 2013 | +5.1% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2009 | +2.0% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q2 2010 | -4.8% | — | — | |
| Q4 2010 | -4.8% | — | — | |
| Q1 2011 | -4.8% | — | — | |
| Q1 2010 | -4.8% | — | — |
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