Viasat
Connects aircraft, ships, homes, and governments while building secure satellite and networking systems.
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Profile
Sells broadband and narrowband satellite services to aviation, maritime, government, enterprise, and residential customers, alongside secure networking, cybersecurity, tactical communications, and space systems. Revenue is led by recurring connectivity services delivered over owned, leased, and partner satellites, with government and equipment contracts adding product sales.
Provides broadband and narrowband connectivity for commercial aviation, maritime, government, enterprise, residential, and IoT customers. Communication Services combines owned, leased, and partner satellites with ground infrastructure and terminals; its main lines are aviation, government satcom, maritime, and fixed services, with near-global coverage including oceanic and polar reach.
Builds secure communications products through Defense and Advanced Technologies, spanning information security and cyber defense, space and mission systems, tactical networking, and emerging direct-to-device work. Vertically integrated engineering links satellites, modems, antennas, gateways, encryption, and managed services across commercial and government programs.
Recurring service revenue is complemented by equipment and system sales. Operations depend on satellite performance and launch execution, access to licensed spectrum and orbital positions, country-level market access, and government procurement and export-control rules.
Company facts
Categories
Key statistics
Year to date +79.0% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Morgan Stanley | Target | $51 | $95 | ||
| Aug 5, 2026 | Needham | Reiterate | Buy | $90 | $105 | |
| Jun 29, 2026 | Oppenheimer | Initiate | Outperform | $140 | ||
| Jun 1, 2026 | Deutsche Bank | Target | $48 | $97 | ||
| Jun 1, 2026 | Needham | Reiterate | Buy | $19 | $90 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q1 FY26 | −$0.32 | −$0.38 | −19.8% | $1.20B | $1.16B | −3.6% | −5.95% |
| May 28, 2026Q4 FY25 | −$0.30 | $0.41 | +235.2% | $1.20B | $1.17B | −2.0% | −7.00% |
| Feb 5, 2026Q3 FY25 | −$0.10 | $0.65 | +750.0% | $1.17B | $1.16B | −0.9% | +11.38% |
| Nov 7, 2025Q2 FY25 | −$0.25 | −$0.45 | −80.0% | $1.15B | $1.14B | −0.6% | +3.27% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.17B | $1.14B | $1.16B | $1.17B | $1.16B | |
| Gross profit | $365.3M | $409.4M | $384.9M | $313.9M | $295.1M | $412.8M | |
| Operating income | −$153.8M | $46.7M | $35.8M | $26.3M | −$624.0K | $47.3M | |
| Net income | −$246.1M | −$56.4M | −$61.4M | $25.0M | $58.8M | −$51.7M | |
| Diluted EPS | −$1.89 | −$0.43 | −$0.47 | $0.18 | $0.41 | −$0.38 | |
| Gross margin | 31.8% | 35.0% | 33.7% | 27.1% | 25.2% | 35.7% | |
| Operating margin | -13.4% | 4.0% | 3.1% | 2.3% | -0.1% | 4.1% |
Fiscal years (4-quarter sums)FY21 $2.41B · FY22 $2.56B · FY23 $4.28B · FY24 $4.52B · FY25 $4.64B
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.74B · Total debt $6.93B · Total assets $15.11B · Shareholders' equity $4.64B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 137.76M · Float 130.76M · 94.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 20.75M | 15.06% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 9.23M | 6.70% | 13F | Aug 13, 2026 |
| WP Triton Co-Invest, L.P. | 8.11M | 6.23% | 13G | May 23, 2025 |
| State Street Corp | 6.09M | 4.42% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 5.89M | 4.28% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Garrett L. Chase | officer: SVP, Chief Financial Officer | −4,000 | $74.90 |
| Aug 7, 2026 | Richard A. Baldridge | director | −223,542 | $80.62 |
| Aug 7, 2026 | Robert James Blair | officer: SVP, General Counsel | −27,064 | $79.76 |
| Aug 4, 2026 | Theresa Wise | director | −2,500 | $84.69 |
| Aug 3, 2026 | John P. Stenbit | director | −616 | $75.46 |
Peers
- EchoStar
GEO Ka-band broadband and gov satcom peer; HughesNet ~783K subscribers.
- Iridium Communications
L-band LEO MSS; overlaps Inmarsat GMDSS, aviation safety, and IoT.
- Telesat
Canadian Ka-band GEO+LEO operator building Lightspeed for IFC and enterprise.
- Globalstar
L/S-band LEO MSS and IoT; overlaps Inmarsat L-band in narrowband and D2D.
- KVH Industries
Maritime VSAT and multi-orbit managed connectivity; head-to-head on vessels.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| EchoStar | $86.98 | −5.04% | $25.07B | — | 38.3 | 1.7 | −5.2% |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Telesat | $42.82 | +0.29% | $633.3M | — | — | 2.4 | −28.1% |
| Globalstar | $81.76 | −0.01% | $10.53B | — | — | 37.5 | −3.5% |
| KVH Industries | $7.52 | +0.27% | $146.6M | — | 20.8 | 1.2 | +26.7% |
| Median | 53.0 | 38.3 | 2.4 | −3.5% |