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Viasat (VSAT) investor relations material
Viasat Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Feb, 2026
Executive summary
Fiscal 2026 revenue and EBITDA are in line with expectations, with cash generation exceeding plans due to efficient operations, strategic transactions, and a $420 million Ligado settlement payment.
Net income reached $25 million for the quarter, a significant improvement from the prior year, mainly due to higher interest income from Ligado payments.
Achieved strong revenue growth in aviation, tactical networking, and information security and cyber defense, with continued momentum in core franchises.
Strategic focus on ViaSat-3 satellite launches, multi-orbit broadband, and new defense technology to drive growth in FY 2027 and FY 2028.
Ongoing strategic review may include separating government and commercial businesses to enhance shareholder value.
Financial highlights
Q3 FY26 revenue was $1.16 billion, up 3% year-over-year, with Adjusted EBITDA of $387 million and a 33% margin.
Free cash flow was $24 million for the quarter, excluding the $420 million Ligado settlement; trailing 12-month free cash flow exceeded $200 million.
CapEx for the quarter was $283 million, up 12% year-over-year, mainly for ViaSat-3 completion.
Backlog reached a record $4 billion, up 12% year-over-year.
Net income attributable to common stockholders was $25 million for the quarter.
Outlook and guidance
Fiscal 2026 revenue expected to rise flat to low single digits, with flat Adjusted EBITDA and positive free cash flow projected for FY26, FY27, and beyond, excluding non-recurring Ligado payments.
CapEx for FY26 now expected at $1.0–$1.1 billion, $100–$200 million lower than prior guidance, with further reductions anticipated.
ViaSat-3 Flight 2 service entry expected by May, with Flight 3 launch and service by late summer.
Management expects to meet operating requirements for the next 12 months with current liquidity and cash flow.
How is Inmarsat integration progressing
Update on global network development
Progress on sustainable space future initiatives
Strategic review: key dependencies for separation
Multi-orbit strategy: competitive edge vs LEO-only
New small satellite architecture: capital intensity impact
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Next Viasat earnings date
Q4 202619 May, 2026
Viasat
Next Viasat earnings date
Q4 202619 May, 2026
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Frequently asked questions
Viasat Inc offers broadband and communications products and services worldwide. Viasat Inc primarily provides high-speed broadband and secure networking systems covering military and commercial markets in the U.S. and internationally, including remote business enterprise, air transport, maritime, ground vehicles, and the U.S. Government and its associated contractors. Viasat also develops high throughput satellite (HTS) technologies including Flexible Payload Architecture (FPA).
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