Q2 26 EPS
$-0.45
MISS 650.00%
Est. $-0.06
Q2 26 Revenue
$1.14B
MISS 0.75%
Est. $1.15B
vs S&P Since Q2 26
+58.8%
BEATING MARKET
VSAT +68.1% vs S&P +9.3%
Market Reaction
Did VSAT Beat Earnings? Q2 2026 Results
Viasat posted a meaningful turnaround in Q2 FY2026, reporting revenue of $1.14 billion alongside a loss of $0.45 per share, a significant improvement from the prior-year period as the company's net loss narrowed 55% to $61.44 million, driven by a fav… Read more Viasat posted a meaningful turnaround in Q2 FY2026, reporting revenue of $1.14 billion alongside a loss of $0.45 per share, a significant improvement from the prior-year period as the company's net loss narrowed 55% to $61.44 million, driven by a favorable service mix, lower depreciation and amortization, and reduced SG&A expenses. Non-GAAP net income flipped positive at $12.63 million, translating to $0.09 in non-GAAP diluted EPS. The headline momentum was amplified by record quarterly awards of $1.50 billion, up 17% year-over-year, with government satcom demand propelling Communication Services awards 35% higher to over $1.00 billion. Aviation services revenue climbed 15% to $300.73 million, providing a key offset to softer fixed and maritime segments. With the ViaSat-3 F2 satellite confirmed for a November 2025 launch and commercial service expected in early 2026, the capacity expansion underpins management's guidance for low single-digit revenue growth and double-digit operating cash flow improvement in FY2026, setting the stage for positive free cash flow in FY2027.
Key Takeaways
- • Strong aviation services revenue growth of 15% YoY driven by growing commercial and business aviation aircraft in service
- • Government satcom services revenue growth of 9% YoY
- • Information security and cyber defense product revenue growth of 14% YoY driven by cloud service provider and data center demand
- • Favorable service mix, lower depreciation and amortization, and reduced SG&A expenses improved net loss
- • Record quarterly awards of $1.5 billion, up 17% YoY
- • Record Defense and Advanced Technologies backlog of $1.2 billion, up 31% YoY
VSAT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
VSAT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our Q2 Fiscal Year 2026 performance and impending launch of ViaSat-3 (VS-3) F2 reflect the meaningful progress we are making against our highest priorities and commitment to building value for our employees, customers, and shareholders.”
— Mark Dankberg, Q2 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% |