NASDAQ$VSAT
Viasat Inc. · Q3 2026 earnings
Q3 2026 earnings · · After market close · Investor relations
Briefing
Viasat reported higher revenue and returned to profitability while adjusted EBITDA declined modestly year over year.
Viasat delivered Q3 FY2026 revenue growth driven by strength in Defense and Advanced Technologies, returned to net income, and generated positive free cash flow, while adjusted EBITDA declined slightly due to lower Communication Services profitability.
- Revenue increased 3% year over year to $1.2 billion
- Net income improved to $25 million from a prior-year loss
- Adjusted EBITDA declined 2% year over year to $387 million
- Quarterly contract awards totaled $971 million
Headline financials
Revenue & EPS history
Viasat · Revenue · Quarterly
$1.16B
Revenue by segment
Viasat · $780M total across 2 segments · Q1 2024
- Communication Services$560M—71.8%
- Defense & Adv. Tech$220M—28.2%
Forward guidance
Management reaffirmed full-year expectations for low single-digit revenue growth, flat adjusted EBITDA, and improving free cash flow.
Tailwinds
- Low single-digit FY2026 revenue growth outlook
- Expected flat adjusted EBITDA year over year
- Positive free cash flow expected for FY2026
- VS-3 satellite deployments expected to drive growth
- Improving net debt to adjusted EBITDA ratio
Headwinds
- Pressure on Communication Services margins
- High capital expenditure requirements
- Exposure to government budget timing
- Competitive intensity in satellite communications
- Execution risk related to satellite launches
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 2026
+1.0%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+0.4%
Avg return
30 days after
53%
36 / 68 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 | — | — | — | |
| 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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