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VIASAT (VSAT)

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Earnings summaries and quarterly performance for VIASAT.

Recent press releases and 8-K filings for VSAT.

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
Qantas Airways Revises Domestic Revenue Forecast Amidst Rising Fuel Costs
VSAT
Guidance Update
Demand Weakening
Profit Warning
  • Qantas Airways revised its domestic revenue growth forecast for the first half of fiscal year 2026 to about 3%, falling at the lower end of its previous 3-5% guidance, primarily due to slower growth in business travel outside the resource sector and ongoing fuel cost pressures.
  • The airline anticipates elevated fuel costs estimated at A$2.62 billion for 1H26, which includes approximately A$25 million in additional non-cash carbon costs.
  • The wind-down of Jetstar Asia on July 31, 2025, is expected to result in a 1H26 Underlying EBIT loss of about A$30 million.
  • Qantas expects its first aircraft equipped with new Wi-Fi powered by Viasat's satellite to arrive late next year.
Nov 7, 2025, 2:00 PM
Viasat Confirms ViaSat-3 F2 Satellite Launch Date
VSAT
Product Launch
New Projects/Investments
  • Viasat has confirmed the scheduled launch of its ViaSat-3 F2 satellite for November 5, 2025, from Cape Canaveral Space Force Station in Florida.
  • The satellite is expected to provide broadband services over the Americas and enter commercial service in early 2026.
  • Management anticipates that ViaSat-3 F2 will add significant capacity, support growth, and contribute to increased earnings power and growing free cash flow.
Oct 31, 2025, 8:05 PM
Viasat Demonstrates Satellite Direct-to-Device Connectivity in Mexico
VSAT
Product Launch
New Projects/Investments
  • Viasat completed a direct-to-device (D2D) demonstration in Mexico, showcasing native SMS messages on Android smartphones via its I-4 F3 satellite.
  • This country-first demonstration for Mexico utilized 3GPP Non-Terrestrial Network (NTN) standards, enabling communication between satellite-connected and traditional cellular networks.
  • The D2D technology aims to bridge connectivity gaps by allowing mobile phones to connect to satellites without dedicated hardware, aligning with new global mobile 3GPP Release 17 standards.
  • Viasat is also collaborating with Space42 to establish Equatys, a joint entity focused on enabling global D2D services and advancing Mobile Satellite Services to a 5G network environment.
Oct 16, 2025, 12:00 PM
Viasat Awarded U.S. Space Force Contract for Protected Tactical SATCOM-Global Program
VSAT
New Projects/Investments
Product Launch
  • Viasat has been awarded an initial Delivery Order 1 (DO1) contract by the U.S. Space Force (USSF) Space Systems Command for the Protected Tactical SATCOM-Global (PTS-G) program.
  • This award is part of a larger Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $4 billion ceiling value for all potential awardees, aimed at developing a proliferated small satellite geosynchronous Earth orbit (GEO) constellation.
  • Under the DO1 phase, Viasat's Space and Mission Systems team will mature a design for a dual-band X/Ka-band satellite and anchor station architecture over a 7-month period.
  • The PTS-G program seeks to deliver resilience and anti-jam capabilities for government end-users, with the first constellation launch projected for 2028.
Oct 8, 2025, 12:00 PM
Viasat Reports Q3 Fiscal Year 2025 Results and Updates Fiscal 2025-2026 Outlook
VSAT
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Viasat reported Q3 fiscal year 2025 revenue of $1.12 billion and Adjusted EBITDA of $393 million, achieving a 35% Adjusted EBITDA margin. The company expressed high confidence in meeting its full-year fiscal 2025 guidance.
  • The Defense and Advanced Technology (DAT) segment's revenues grew almost 20% year-over-year, with awards up 49% and backlog up 26% year-over-year. Aviation service revenue also increased 12% year-over-year, ending the quarter with 3,950 aircraft in service and a contracted backlog of 1,570 aircraft.
  • Viasat reduced its fiscal 2025 CapEx expectation by $200 million to approximately $1.1 billion. For fiscal 2026, the company anticipates year-over-year revenue growth and modest Adjusted EBITDA growth, with free cash flow inflection expected in the second half of the fiscal year.
  • The company is prioritizing debt reduction as its top capital allocation priority. ViaSat-3 Flight 2 is expected to be in service by late calendar year 2025, while Flight 3's in-service date will likely shift into calendar year 2026.
Feb 6, 2025, 10:30 PM