Companies /Technology

Viasat Inc

NASDAQ: VSAT Communication Equipment
$72.61
â–² $1.10 (+1.54%) today
Markets open · 4:16pm ET

Q1 2027 Earnings

Reported Aug 4, 2026, 4:24pm ET · SEC source
$0.17
Beat +78.95%
EPS · est. $0.10
$1.2B
Miss −3.60%
Revenue · est. $1.2B
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Aug 4Aug 5report 4:24pm ETearnings−0.1%−3.2%
−8%−4%0+4%Aug 4Aug 5earnings−0.1%−3.2%
VSAT −3.2%S&P 500 −0.1%
−8%−4%0+4%Aug 4Aug 5report 4:24pm ETearnings−0.7%−3.2%
−8%−4%0+4%Aug 4Aug 5earnings−0.7%−3.2%
VSAT −3.2%NASDAQ −0.7%
−4%0+4%+8%Aug 3Aug 12report 4:24pm ETearnings−0.0%+9.9%
−4%0+4%+8%Aug 3Aug 12earnings−0.0%+9.9%
VSAT +9.9%S&P 500 −0.0%
−4%0+4%+8%Aug 3Aug 12report 4:24pm ETearnings+0.0%+9.9%
−4%0+4%+8%Aug 3Aug 12earnings+0.0%+9.9%
VSAT +9.9%NASDAQ +0.0%
−5.95%
Day of report
+1.18%
Next session
+7.65%
One week

Did VSAT Beat Earnings? Q1 2027 Results

Viasat delivered a sharply mixed first quarter for fiscal 2027, posting an earnings beat that masked a modest revenue shortfall as the satellite communications company navigated a transitional period ahead of new capacity coming online. Non-GAAP earnings per diluted share came in at $0.17, clearing the $0.10 consensus estimate by 78.95%, as continued deleveraging trimmed interest expense and helped narrow the GAAP net loss to $51.74 million from $56.43 million a year earlier. Revenue, however, slipped 1.2% year-over-year to $1.16 billion, falling 3.60% short of the $1.20 billion consensus, weighed down by a 27% drop in fixed broadband services and lower IP licensing income. The standout bright spot was the Defense and Advanced Technologies segment, where backlog climbed 32% to a record $1.40 billion and tactical networking product revenue surged 36%, fueled by international demand. With VS-3 F2 and F3 satellites both approaching service entry by late summer 2026, management reiterated full-year guidance calling for mid-single-digit revenue growth and free cash flow of approximately $180 million, with stronger second-half performance anticipated.

Key Takeaways
  • Aviation service revenue grew 11% YoY with commercial aviation aircraft in service up 10% to approximately 4,530
  • Government satcom service revenue grew 10% YoY
  • Tactical networking product revenue grew 36% YoY driven by TrellisWare sales to international customers
  • Record DAT backlog of $1.4 billion, up 32% YoY with book-to-bill ratio of 1.6x
  • Company-wide new contract awards increased 10% YoY to $1.3 billion
  • Reduced interest expense from continued debt reduction and deleveraging
  • Expected decline in fixed broadband services revenue of 27% YoY
  • Lower IP licensing and royalty-based revenue
  • Decline in maritime services and maritime vessel count to approximately 12,900

“The first quarter of fiscal year 2027 was marked by disciplined execution, operational progress – including on the ViaSat-3 (VS-3) satellites – and strong awards in growing business areas that reinforce our confidence in targeting new markets, our competitive positions, and our ongoing growth prospects.”

Viasat CEO, on the earnings call

Forward Guidance & Outlook

Viasat reiterated FY2027 guidance: mid-single-digit YoY revenue growth, Adjusted EBITDA flat to up slightly YoY with stronger second-half growth. Communication Services segment revenue expected to grow in low single-digits YoY driven by aviation, with lower rate of decline in FS&O. Defense and Advanced Technologies segment revenue expected to grow in mid-teens YoY driven by information security and cyber defense, space and mission systems, and tactical networking. Capital expenditures expected between $950 million and $1.0 billion, including approximately $250-$300 million for Inmarsat-related expenditures. Operating cash flow expected flat YoY with free cash flow of approximately $180 million (excluding Ligado lump sum payments). Net leverage ratio expected to decrease slightly by end of FY2027. VS-3 F2 service entry anticipated by September 2026 and VS-3 F3 service entry over APAC expected late August or early September 2026.

VSAT YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$400.0M$800.0M$1.2B$1.2B$1.2BRevenue$46.7M$47.3MOperating Income$-47,766,802$-51,741,000Net Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

VSAT Revenue by Segment

Communication Services$825.1M+0.0%
Defense and Advanced Technologies$331.5M−4.0%
Aviation Services$324.4M+10.8%
Government Satcom Services$211.7M+10.4%
Fixed Services and Other$127.4M−27.1%
Information Security and Cyber Defense Products$94.0M−8.0%
Maritime Services$109.5M−7.0%
Tactical Networking Products$92.6M+35.6%

Figures from SEC filings and company reports. Not investment advice.