NASDAQ$VSAT
Viasat Inc. · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Viasat reported a net loss in Q4 FY25, impacted by a $169 million impairment, while Defense and Advanced Technologies showed strong growth.
Q4 FY25 results showed stable revenue but increased net loss due to impairment charges. The Defense segment grew strongly, while Communication Services faced headwinds. Free cash flow turned positive, and operating cash flow reached a quarterly high.
Headline financials
Revenue & EPS history
Viasat · Revenue · Quarterly
$1.15B
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 expects low single-digit revenue growth and flat adjusted EBITDA for FY2026, with a focus on free cash flow generation and debt reduction.
Tailwinds
- Low double-digit growth expected in aviation services
- Mid-teens revenue growth projected for Defense and Advanced Technologies
- Continued focus on reducing capital intensity
- Positive free cash flow expected in H2 FY2026
- Enhanced competitive positioning with multi-orbit strategy
Headwinds
- Flat total revenue expected in Communication Services
- Continued decline in fixed services and other segments
- Capital expenditures projected to remain high (~$1.3B)
- Net debt to EBITDA expected to increase modestly
- Ongoing legal uncertainty regarding Ligado
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 Q4 2025
+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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