Gilat Satellite Networks Ltd.(GILT), a satellite networking technology company, on Tuesday initiated guidance for the full year.
Adi Sfadia, CEO of Gilat Satellite, said: "For 2026, we expect continued double digit growth supported by a strong backlog and healthy pipelines. Moreover, with a solid balance sheet and over $183 million in net cash, we are continually exploring additional growth opportunities and potential targets."
For fiscal 2026, Gilat Satellite expects adjusted EBITDA of $61 million to $66 million, with revenue of $500 million to $520 million.
For fiscal 2025, the company has posted adjusted EBITDA of $53.2 million, on revenue of $451.7 million.
GILT was down by 15.26% at $16.33 in the pre-market trade on the Nasdaq.
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