Q3 25 EPS
$0.11
BEAT +120.00%
Est. $0.05
Q3 25 Revenue
$1.12B
MISS 0.47%
Est. $1.13B
vs S&P Since Q3 25
+550.5%
BEATING MARKET
VSAT +572.6% vs S&P +22.1%
Market Reaction
Did VSAT Beat Earnings? Q3 2025 Results
Viasat delivered a split verdict in its fiscal third quarter, posting non-GAAP diluted EPS of $0.11, more than double the $0.05 consensus estimate, a 120.00% beat, while revenue of $1.12 billion fell just shy of the $1.13 billion Wall Street had anti… Read more Viasat delivered a split verdict in its fiscal third quarter, posting non-GAAP diluted EPS of $0.11, more than double the $0.05 consensus estimate, a 120.00% beat, while revenue of $1.12 billion fell just shy of the $1.13 billion Wall Street had anticipated, down 0.4% year-over-year. The quarter's defining tension came from its two business segments pulling in opposite directions: Defense and Advanced Technologies surged 20% to $303.42 million, buoyed by a broad-based push in tactical networking and a sole-source IDIQ contract worth up to $568 million, while Communication Services slipped 6% to $820.35 million as maritime and fixed broadband declines offset double-digit growth in aviation and government satcom. A $96.61 million loss on extinguishment of Inmarsat debt weighed on the net loss, which widened to $158.41 million. Adjusted EBITDA rose 3% to $393.26 million, and operating cash flow improved by $86 million year-over-year. Management maintained full-year FY2025 guidance and projected positive free cash flow in the second half of FY2026, alongside expected revenue and Adjusted EBITDA growth.
Key Takeaways
- • Strong 20% YoY revenue growth in Defense and Advanced Technologies driven by tactical networking, information security, and space and mission systems
- • Aviation services revenue grew 12% YoY with commercial IFC aircraft in service up ~13% YoY and business jets up ~18% YoY
- • Government satcom services revenue grew 11% YoY
- • Capital expenditures declined 40% YoY to $253 million
- • Operating cash flow increased $86 million YoY to $219 million
- • Lower SG&A and R&D expenditures supported Adjusted EBITDA margin improvement
VSAT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
VSAT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our Q3 fiscal year 2025 results are good and moderately better than expectations — and we remain on track for our full fiscal year guidance.”
— Mark Dankberg, Q3 2025 Earnings Press Release
VSAT Earnings Trends
VSAT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VSAT EPS Trend
Earnings per share: estimate vs actual
VSAT Revenue Trend
Quarterly revenue: estimate vs actual
VSAT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 MISS FY | $0.32 | $-0.02 | -106.22% | $1.17B | -2.03% |
| FY Full Year | $1.09 | $1.03 | -5.76% | $4.64B | -0.56% |
| Q3 26 BEAT | $0.24 | $0.79 | +228.48% | $1.16B | -0.93% |
| Q2 26 MISS | $-0.06 | $-0.45 | -650.00% | $1.14B | -0.75% |
| Q1 26 BEAT | $-0.01 | $0.17 | +1,800.00% | $1.17B | +4.34% |
| Q3 25 BEAT | $0.05 | $0.11 | +120.00% | $1.12B | -0.47% |