VIASAT (VSAT) Company Report

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

Press Release

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

Transcript

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

8-K

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

Morningstar

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

Press Release

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

Press Release

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

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for VIASAT.

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