Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares climbed 7.1% in pre-market trading on Wednesday after the satellite communications company posted strong third-quarter results that surpassed analyst forecasts, boosted by broad-based revenue growth across its core markets.
The company reported adjusted earnings of $0.19 per share, easily topping consensus estimates of $0.11. Revenue surged 58% year-over-year to $117.7 million, exceeding the $113.2 million forecast. The performance was primarily driven by robust expansion in Gilat’s commercial segment, which delivered $73 million in quarterly sales.
“Gilat delivered another strong quarter with significant growth and continued successful execution whilst generating robust cash from operations,” said Adi Sfadia, Gilat’s CEO. “Our competitive edge in satellite communications and success in next-generation programs are clearly translating into strong bookings of orders and growing demand.”
Following the upbeat quarter, the company raised its full-year 2025 guidance, now projecting revenue between $445 million and $455 million, compared to its previous outlook of $435 million to $455 million. This represents approximately 47% growth at the midpoint versus last year. Adjusted EBITDA is now expected to range between $51 million and $53 million, implying 23% growth at the midpoint.
In the third quarter, adjusted EBITDA rose to $15.6 million, up from $10.7 million in the same period of 2024, while GAAP operating income increased to $7.5 million from $6.7 million a year earlier.
Gilat’s strong performance was supported by key contract wins, including orders from the U.S. Department of Defense and a $25 million agreement with Pronatel in Peru, which adds to a previously announced $60 million order—further strengthening its position in the global satellite connectivity market.