)
Visual
earnings real time
Viasat (VSAT) investor relations material
Viasat Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary7 Nov, 2025
Executive summary
Net loss improved to $61.4 million from $137.6 million year-over-year, driven by favorable service mix, lower depreciation/amortization, and reduced SG&A expenses.
Revenue grew 2% year-over-year to $1.14 billion, with growth in both Defense and Advanced Technology (DAT) and Communication Services segments, and strong performance in aviation, government satcom, and information security/cyber.
Adjusted EBITDA increased 3% to $385 million, with a 34% margin, supported by strong segment performance.
Free cash flow was $69 million for the quarter and $147 million for the trailing twelve months, with positive free cash flow for three consecutive quarters.
Backlog reached $3.9 billion, up $140 million year-over-year, underpinned by strong awards growth, especially in Communication Services.
Financial highlights
Revenue: $1.14 billion, up 2% year-over-year.
Net loss: $61.4 million, improved by $76 million year-over-year.
Adjusted EBITDA: $385 million, up 3% year-over-year.
Free cash flow: $69 million in Q2, $147 million trailing twelve months.
Operating cash flow: $282 million, up 18% year-over-year.
Awards: $1.5 billion, up 17% year-over-year.
Capital expenditures for the first six months were $411.7 million, down 7% year-over-year.
Outlook and guidance
Fiscal 2026 revenue expected to be flat to up low single digits year-over-year, with Communications Services flat to low growth and DAT to grow mid-teens.
Adjusted EBITDA expected to be flattish year-over-year, with continued quarter-to-quarter variability.
Capital expenditures for the year projected at $1.2 billion, with $250 million related to ViaSat-3 completion.
Negative free cash flow expected in the second half due to CapEx timing, with a return to positive free cash flow in fiscal 2027.
Cash from operations expected to grow double digits for the year.
Approximately half of the $3.9 billion firm backlog is expected to be delivered in the next 12 months.
The company anticipates receiving $568 million from a Ligado settlement in FY2026, including a $420 million lump sum received after quarter-end.
Update on Inmarsat integration progress
Progress on ultimate global network development
Viasat's initiatives for sustainable space future
Trade-offs for gov/comm business separation?
Equitus value proposition for regional operators?
ViaSat-3 capacity allocation strategy?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Viasat earnings date
Q3 20265 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
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).
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage