Q1 26 EPS
$0.17
BEAT +1,800.00%
Est. $-0.01
Q1 26 Revenue
$1.17B
BEAT +4.34%
Est. $1.12B
vs S&P Since Q1 26
+190.2%
BEATING MARKET
VSAT +206.1% vs S&P +15.9%
Market Reaction
Did VSAT Beat Earnings? Q1 2026 Results
Viasat delivered a notably strong fiscal first quarter, posting non-GAAP diluted EPS of $0.17 against a consensus estimate of negative $0.01, a beat of 1,800%, while revenue of $1.17 billion climbed 4% year-over-year and cleared analyst expectations … Read more Viasat delivered a notably strong fiscal first quarter, posting non-GAAP diluted EPS of $0.17 against a consensus estimate of negative $0.01, a beat of 1,800%, while revenue of $1.17 billion climbed 4% year-over-year and cleared analyst expectations by 4.34%. The headline driver was a resurgent Defense and Advanced Technologies segment, which surged 15% year-over-year to $343.68 million on the back of an 84% explosion in information security and cyber defense product revenues, more than compensating for a flat Communication Services segment where aviation growth was offset by declines in fixed and maritime services. Adjusted EBITDA edged up 1% to $408.47 million, and free cash flow swung to positive $60.45 million from negative $149.92 million a year ago, reflecting both improved operating cash flow and a 34% reduction in capital expenditures. Viasat's momentum looks set to continue, with management reiterating low single-digit revenue growth and an inflection to positive free cash flow in the second half of FY2026, while trimming full-year capex guidance by $100 million to approximately $1.20 billion.
Key Takeaways
- • Double-digit growth in Defense and Advanced Technologies segment driven by information security and cyber defense products (84% YoY revenue growth)
- • Aviation services revenue grew 14% YoY with approximately 4,130 commercial and 2,050 business aircraft in service
- • Strong operating cash flow improvement of $107 million YoY driven by lower working capital
- • Capital expenditure decline of 34% YoY to $198 million due to lower satellite expenditure timing
- • Healthy market demand in most profitable business lines
VSAT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
VSAT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our Q1 Fiscal Year 2026 results yielded stronger than expected year-over-year revenue and Adjusted EBITDA growth.”
— Mark Dankberg, Q1 2026 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% |