Q3 26 EPS
$0.79
BEAT +228.48%
Est. $0.24
Q3 26 Revenue
$1.16B
MISS 0.93%
Est. $1.17B
vs S&P Since Q3 26
+71.2%
BEATING MARKET
VSAT +77.4% vs S&P +6.2%
Market Reaction
Did VSAT Beat Earnings? Q3 2026 Results
Viasat posted a striking return to profitability in Q3 FY2026, with adjusted diluted EPS of $0.79 beating the $0.24 consensus estimate by 228.48%, a result that has helped the stock gain renewed attention even among skeptical investors. The earnings … Read more Viasat posted a striking return to profitability in Q3 FY2026, with adjusted diluted EPS of $0.79 beating the $0.24 consensus estimate by 228.48%, a result that has helped the stock gain renewed attention even among skeptical investors. The earnings swing was primarily driven by higher interest income recognized on the deferral of Ligado's quarterly fees, which helped flip GAAP net income to $24.97 million from a $158.41 million loss a year earlier. Revenue of $1.16 billion grew 3.0% year-over-year but edged just under the $1.17 billion consensus by 0.93%, with Defense and Advanced Technologies leading segment performance at 9% growth and aviation services surging 15%. The successful launch of ViaSat-3 F2, expected to enter service in May 2026 and effectively double fleet bandwidth capacity, adds a significant operational catalyst heading into the second half of the fiscal year. Management reiterated guidance for low single-digit revenue growth and flat Adjusted EBITDA for FY2026, while projecting positive free cash flow for both FY2026 and FY2027, excluding Ligado proceeds.
Key Takeaways
- • Aviation service revenues grew 15% YoY driven by expansion of commercial and business aviation in-service aircraft
- • Tactical networking and information security/cyber defense product revenues drove 9% DAT segment growth
- • Higher interest income from Ligado lump sum payment deferral improved net income significantly
- • Record quarterly CBM400 modem sales across USMC and Royal Saudi Land Forces programs
- • Cash generation exceeded plan through efficient cash conversion and operational spending efficiencies
VSAT YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
VSAT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our Q3 and year-to-date Fiscal Year 2026 performance is consistent with our expectations and plans entering the year. These results and successful launch and progress toward service of ViaSat-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, Q3 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% |