Earnings summaries and quarterly performance for VIASAT.
Executive leadership at VIASAT.
Mark Dankberg
Detailed
Chief Executive Officer
CEO
CM
Craig Miller
Senior Vice President and President, Government
GC
Garrett Chase
Senior Vice President and Chief Financial Officer
GC
Girish Chandran
Corporate Chief Technology Officer and Senior Vice President, Engineering
SD
Shawn Duffy
Senior Vice President and Chief Accounting Officer
Board of directors at VIASAT.
Research analysts who have asked questions during VIASAT earnings calls.
Ryan Koontz
Needham & Company, LLC
7 questions for VSAT
Also covers: AAOI, ADTN, ANET +27 more
SP
Sebastiano Petti
JPMorgan Chase & Co.
7 questions for VSAT
Also covers: AD, ATUS, BCE +16 more
EY
Edison Yu
Deutsche Bank
6 questions for VSAT
Also covers: ACHR, ADNT, ALV +19 more
RP
Ric Prentiss
Raymond James
6 questions for VSAT
Also covers: AD, AMT, ATNI +10 more
Colin Canfield
Cantor Fitzgerald
5 questions for VSAT
Also covers: AIRO, AMTM, ASTS +10 more
MC
Mike Crawford
B. Riley Securities
3 questions for VSAT
Also covers: ASTS, ATEX, CMTL +8 more
Brent Penter
Raymond James Financial
2 questions for VSAT
Also covers: FUBO, GOGO, LGF-A +3 more
Justin Lang
Morgan Stanley
2 questions for VSAT
Also covers: CW, GOGO, IRDM +4 more
LD
Louie DiPalma
William Blair
2 questions for VSAT
Also covers: AIR, ASTS, AVAV +16 more
MC
Michael Crawford
B. Riley Securities, Inc.
2 questions for VSAT
Also covers: ASTS, ATEX, CMTL +9 more
SF
Simon Flannery
Morgan Stanley
2 questions for VSAT
Also covers: ABBN.SW, AMT, BCE +11 more
XY
Xin Yu
Deutsche Bank
2 questions for VSAT
Also covers: ACHR, ADNT, ALV +12 more
Christopher Quilty
Quilty Space
1 question for VSAT
Also covers: ASTS, BKSY, GILT +7 more
Matthew Cavanagh
Needham & Company
1 question for VSAT
Also covers: CLFD
MR
Mike Raffert
Wolfe Research
1 question for VSAT
NA
Nikhil Aluru
JPMorgan Chase & Co.
1 question for VSAT
Also covers: FUBO
Recent press releases and 8-K filings for VSAT.
Viasat Reports Q3 FY2026 Results, Updates ViaSat-3 Schedule, and Revises FY2026 CapEx
VSAT
Earnings
Guidance Update
New Projects/Investments
- Viasat reported Q3 FY2026 revenue of $1.2 billion, an increase of approximately 3%, and Adjusted EBITDA of $387 million, a 2% decrease. The company achieved positive free cash flow of $444 million (or $24 million excluding the Ligado payment) and reduced its net debt to trailing 12-month Adjusted EBITDA to 3.25 times.
- For FY2026, Viasat expects low single-digit revenue growth and flat Adjusted EBITDA. Capital expenditures guidance was revised down by $100 million-$200 million to a range of $1 billion-$1.1 billion, and the company anticipates positive free cash flow for FY2026 and beyond.
- ViaSat-3 Flight 2 is expected to commence services by May, with Flight 3 anticipated to launch shortly after Flight 2's final deployments and enter service by late summer. These satellites are crucial for future growth in aviation, maritime, government SATCOM, and residential services.
- The company's strategic review committee continues to evaluate options, including the potential separation of its government and commercial businesses, aiming to enhance shareholder value and competitive positioning.
Feb 5, 2026, 10:30 PM
Viasat Reports Q3 FY 2026 Results, Updates ViaSat-3 Schedule, and Revises CapEx Guidance
VSAT
Earnings
Guidance Update
New Projects/Investments
- Viasat reported Q3 FY 2026 revenue of $1.2 billion, a 3% increase, and Adjusted EBITDA of $387 million, a 2% decrease, achieving a 33% Adjusted EBITDA margin.
- The company generated $444 million in free cash flow in Q3 FY 2026 (or $24 million excluding a Legato lump sum payment) and projects positive free cash flow for fiscal 2026, 2027, and beyond.
- ViaSat-3 Flight 2 is expected to commence services by May, with Flight 3 launching shortly after and entering service by late summer, both crucial for future growth.
- Viasat is making substantial progress towards its target of below 3.0 net leverage and has lowered its FY 2026 CapEx guidance to $1 billion-$1.1 billion.
- An ongoing strategic review continues to evaluate options, including a potential separation of government and commercial businesses, with key dependencies on ViaSat-3 service entry, deleveraging, and free cash flow generation.
Feb 5, 2026, 10:30 PM
Viasat Reports Q3 FY2026 Results, Updates ViaSat-3 Timeline, and Revises CapEx Guidance
VSAT
Earnings
Guidance Update
New Projects/Investments
- Viasat reported Q3 FY2026 revenue of $1.2 billion, a 3% increase, and Adjusted EBITDA of $387 million, a 2% decrease. The company generated $444 million in free cash flow (or $24 million excluding a Legato lump sum payment) and reduced its net debt to trailing twelve-month adjusted EBITDA to 3.25 times, progressing towards its sub-3.0 target.
- The company provided updates on its ViaSat-3 constellation, with Flight 2 anticipated to commence services by May, and Flight 3 expected to launch shortly after Flight 2's final deployments, with estimated service entry by late summer.
- For fiscal year 2026, Viasat reiterates expectations for low single-digit revenue growth and flat Adjusted EBITDA. Fiscal 2026 CapEx guidance was revised downwards by $100 million-$200 million to a range of $1 billion-$1.1 billion, and the company now expects positive free cash flow for FY2026, FY2027, and beyond.
- Viasat's board continues its strategic review, evaluating options including the potential separation of its government and commercial businesses, with key considerations being the successful deployment of ViaSat-3, continued deleveraging, and free cash flow generation.
Feb 5, 2026, 10:30 PM
Viasat Reports Q3 FY2026 Financial Results and Provides FY2026 Outlook
VSAT
Earnings
Guidance Update
New Projects/Investments
- Viasat reported Q3 FY2026 revenue of $1,157.0 million, a 3% year-over-year increase, and net income of $25.0 million, improving from a net loss of $158.4 million in Q3 FY2025.
- Adjusted EBITDA for Q3 FY2026 was $387.0 million, a 2% decrease year-over-year.
- The company is progressing with its ViaSat-3 (VS-3) F2 satellite, with service entry expected by May, and anticipates VS-3 F3 to launch shortly after F2's final deployments, with service entry by late summer.
- Viasat ended the quarter with $5.1 billion in net debt and $2.5 billion in available liquidity, generating $24 million in free cash flow (excluding the Ligado lump sum payment).
- For FY2026, the company expects low single-digit year-over-year revenue growth and flat year-over-year Adjusted EBITDA, with capital expenditures projected between $1.0 billion and $1.1 billion.
Feb 5, 2026, 9:41 PM
Viasat, Inc. enters into a Credit Agreement
VSAT
Debt Issuance
New Projects/Investments
Financial Reporting
- Viasat, Inc., as Guarantor, and its subsidiary ViaSat Technologies Limited, as Borrower, entered into a Credit Agreement dated January 21, 2026, with J.P. Morgan Securities LLC and the Export-Import Bank of the United States.
- The Total Commitment Amount under this agreement is U.S.$188,730,259, which includes a Financed Portion Amount of U.S.$175,872,731 and an Exposure Fee Amount of U.S.$12,857,528.
- A Commitment Fee of 0.50% per annum will accrue from February 20, 2023, on the uncancelled and undisbursed amount of the Total Commitment Amount, with principal repayment scheduled in sixteen semi-annual installments.
- The agreement also stipulates that Viasat, Inc. must deliver quarterly and annual consolidated financial statements and backlog reports.
Jan 26, 2026, 9:05 PM
Viasat: Maritime Satellite Communication Market Report Details Growth and Company's Strategic Acquisition
VSAT
M&A
New Projects/Investments
- The maritime satellite communication market is projected to grow from an estimated $4.84 billion in 2026 to $6.27 billion by 2030, at a Compound Annual Growth Rate of 6.7%.
- This market expansion is primarily driven by the proliferation of satellite networks, rising adoption of Very Small Aperture Terminal (VSAT) systems, and increased demand for maritime voice and data services.
- Viasat Inc. strengthened its market position through the acquisition of Inmarsat in May 2023, expanding its capabilities to meet growing demands for swift, reliable, and secure satellite connectivity.
- While North America was the largest region in 2025, Asia-Pacific is anticipated to be the fastest-growing region in the maritime satellite communication market.
Jan 21, 2026, 4:39 PM
Viasat Unifies Ka-band Satellite Networks for Government Customers
VSAT
Product Launch
New Projects/Investments
- Viasat announced the unification of its Ka-band satellites, the Global Xpress fleet, and select partner satellites into a single, integrated global Ka-band satellite communications network for government and military users.
- This evolved network provides seamless global, multi-orbit Ka-band connectivity with increased performance, expanded coverage, and greater resiliency, and is fully interoperable with MILSATCOM Ka-band networks.
- The network offers data rates up to 200 Mbps and incorporates ultra-high-capacity ViaSat-3 satellites, including the recently launched ViaSat-3 F2 and planned ViaSat-3 F3 for enhanced coverage and resilience.
- Designed for national security, the network includes features for increased resilience against jamming, interference, and denial attacks in contested environments.
Dec 15, 2025, 1:00 PM
Viasat Confirms Successful Launch of ViaSat-3 F2 Satellite
VSAT
Product Launch
New Projects/Investments
- Viasat announced the successful launch and initial signal acquisition of its ViaSat-3 Flight 2 (F2) satellite on November 13, 2025, at 10:04 p.m. EST.
- The ViaSat-3 F2 satellite will provide services over the Americas region and is anticipated to double the overall bandwidth capacity of Viasat's entire existing fleet.
- This launch represents a significant step for Viasat's global, multi-orbit network roadmap, with service entry anticipated for early 2026 following in-orbit testing and network integration.
Nov 14, 2025, 8:01 AM
Viasat Reports Q2 FY2026 Results and Updates on Viasat 3 Launch
VSAT
Earnings
Guidance Update
New Projects/Investments
- Viasat (VSAT) reported Q2 FY2026 revenue of $1.1 billion, an increase of 2% year-over-year, and an adjusted EBITDA of $385 million, up 3%. The net loss improved to $61 million from $138 million in the second quarter of FY2025.
- The company generated $69 million in free cash flow for the quarter, contributing to $130 million year-to-date, marking three consecutive quarters of positive free cash flow.
- Viasat plans to repay $300 million of debt from the Inmarsat Terminal B facility, saving approximately $23 million annually in cash interest, following a $420 million lump sum payment received from Legato.
- The launch of Viasat 3, Flight 2, was delayed by approximately a week due to a rocket issue, with Flight 3 also progressing. The company anticipates negative free cash flow in H2 FY2026 due to remaining capital expenditures for Viasat 3 completion but expects positive free cash flow in FY2027.
- For fiscal year 2026, Viasat maintains its outlook for revenue to be up low single digits year-over-year with flattish adjusted EBITDA.
Nov 7, 2025, 10:30 PM
Viasat Reports Q2 Fiscal Year 2026 Financial Results
VSAT
Earnings
Guidance Update
New Projects/Investments
- Viasat reported Q2 Fiscal Year 2026 revenues of $1.1 billion, a 2% year-over-year increase, and a net loss of $61 million, an improvement from a net loss of $138 million in Q2 FY2025.
- Adjusted EBITDA for Q2 FY2026 grew 3% year-over-year to $385 million.
- For FY2026, the company continues to expect low single-digit year-over-year revenue growth and flattish year-over-year Adjusted EBITDA, with capital expenditures of approximately $1.2 billion.
- Viasat anticipates positive free cash flow for FY2027 and received a $420 million Ligado lump sum payment in October 2025.
- Key operational milestones include the impending launch of ViaSat-3 F2, soon to be followed by ViaSat-3 F3, which are expected to significantly increase global capacity.
Nov 7, 2025, 9:07 PM
Quarterly earnings call transcripts for VIASAT.
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