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GILTBullishEarningsShort Term

High materiality8/10

Gilat Reports Second Quarter 2026 Results

StockNews.AIAug 5, 7:05 AM EDT1 source

Trading thesisImportance 8/10

Bullish on closer proximity to Comtech deal closing; 3–6 month upside as integration and defense momentum play out.

AI summary

What happened and why it matters

Gilat reported Q2 2026 revenue of $122.7M, up 17% year over year, with Adjusted EBITDA at $15.4M (+31%) and non-GAAP operating income at $12.6M (+35%). The company reaffirmed 2026 guidance of $500-520M in revenue and $61-66M in Adjusted EBITDA. Crucially, the Comtech acquisition remains on track for year-end closing, creating a pro forma revenue base north of $700M and substantially expanding Gilat's defense and space capabilities.

Comtech acquisition on track; potential >$700M pro forma revenue lift.
Defense momentum persists with U.S./Europe activity and new Viper Ka ESA terminals.
Guidance reaffirmation reduces downside risk; optionality from acquisition upside.
Key orders and awards (SkyEdge, Sidewinder milestones) bolster backlog and visibility.

Sentiment rationale

Strong Q2 results beat on growth metrics, reaffirmed guidance reduces downside risk, and a high-impact acquisition nearing close provides optionality to upside in 2027; demand signals from defense and US/Europe programs reinforce a favorable fundamental trajectory.

Key facts

01
Q2 2026 revenue $122.7M, up 17% YoY; GAAP op income $4.7M.
02
Non-GAAP op income up 35% to $12.6M; Adjusted EBITDA $15.4M (+31%).
03
Comtech acquisition on track for year-end closing; pro forma rev >$700M.
04
Management reaffirms 2026 guidance: revenue $500-520M; Adj EBITDA $61-66M.

Earnings

Category: Earnings and Corporate Developments. The release combines quarterly performance with a strategic M&A catalyst, creating near-term upside potential from execution and the acquisition, while keeping a long-term defense/space growth trajectory intact.