Inferra AI / Company / VSAT
Viasat Inc.
VSAT · Communication Services
Last earnings Aug 4, 2026
Key results
Revenuequarter
4%
Revenue grew 4% YoY driven largely from double digit growth in the Defense and Advanced Technologies segment reflecting the strength and diversity of our unique technology portfolio, strong market positions, and attractive secular drivers.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Revenuefull-year
$1.2 billion
Sincerely,Mark DankbergShareholder Letter | Q1 Fiscal Year 2026 1 Q1 FY2026 Financial Results Revenue of $1.2 billion in Q1 FY2026 increased 4% YoY.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Revenue growth was driven by an increase of 15% YoY in the Defense and Advanced Technology segment while Communication Services segment revenues remained flat YoY Net loss2 of $56 million for Q1 FY2026 increased from a net loss2 of $33 million in Q1 FY2025, primarily reflecting an increase in depreciation and amortization and a higher income tax provision Q1 FY2026 Adjusted EBITDA1 was $408 million, an increase of 1% YoY.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Revenue In Q1 FY2026, Communication Services segment revenues remained flat YoY at $827 million.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Product revenuequarter
17%
Product revenues were down 17% YoY primarily due to the divestiture of the Energy Services Systems Integration business in Q3 FY2025 offsetting service revenue growth.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Service revenuequarter
14%
Service revenues increases of 14% and 4% YoY from aviation and government satcom, respectively, were partially offset by a 13% YoY decrease in FS&O services and a 5% YoY decrease in maritime services.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Sequentially, segment service revenues grew 4% driven primarily by aviation services growing 10% and maritime services growing 3%.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
fixed broadband ended the quarter with approximately 172,000 subscribers and $115 average revenue per user.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Selling, general, and administrativequarter
$262,832 thousand
Selling, general and administrative 262,832 251,122
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Research and developmentquarter
$34,193 thousand
research and development 34,193 38,563
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Net incomequarter
$(47,724) thousand
Net income (loss) (47,724 ) (21,687 )
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Non-GAAP Net incomequarter
$23,094 thousand
net income (loss) attributable to Viasat, Inc. $ 23,094 $ 38,965
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
AI analysis
Q1 FY2026 · reported Aug 5, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 4% | — | — |
| Product revenue | 17% | — | — |
| Service revenue | 14% | — | — |
| Selling, general, and administrative | $262,832 thousand | — | — |
| Research and development | $34,193 thousand | — | — |
| Net income | $(47,724) thousand | — | — |
| Non-GAAP Net income | $23,094 thousand | — | — |
Guidance · company-stated
No guidance located in the held release
“Capital Expenditures: We expect FY2027 capital expenditures of between $950 million and $1.0 billion, including approximately $250 to $300 million for Inmarsat related capital expenditures.”
Capital allocation
We are balancing investing for growth in target markets while continuing to opportunistically strengthen our capital structure via cash flow improvements, addressing debt maturities, and ongoing portfolio reviews all intended to help delever our balance sheet.
Event summary
Viasat Q1 FY26 Shareholder Letter Fellow Shareholders, Our Q1 Fiscal Year 2026 results yielded stronger than expected year-over-year (YoY) revenue and Adjusted EBITDA growth
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
We are balancing investing for growth in target markets while continuing to opportunistically strengthen our capital structure via cash flow improvements, addressing debt maturities, and ongoing portfolio reviews all intended to help delever our balance sheet.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Capital Expenditure Q1 FY2026 capital expenditures declined 34% YoY to $198 million primarily due to lower satellite expenditures related to timing of certain space, ground infrastructure and other capex payments.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Free cash flow3, Net Debt4 and Liquidity Viasat generated $60M in free cash flow during the quarter, an improvement of $210 million compared to prior year driven by a year over year increase in operating cash flow combined with a decline in capital expenditures.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Viasat ended Q1 FY2026 with $2.3 billion in available liquidity which consisted of $1.2 billion in cash and cash equivalents and $1.1 billion of borrowing ability under our two undrawn revolving credit facilities.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Our liquidity declined sequentially as we used cash on hand to redeem early all remaining $442.6 million aggregate principal amount of our senior notes due 2025 during the quarter.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Net debt remained flat sequentially at $5.6 billion resulting in flat net debt relative to LTM Adjusted EBITDA.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Strategy & priorities
One of our highest priorities remains getting ViaSat-3 (VS-3) F2 and F3 into service and our progress is reflected in the updated accompanying satellite roadmap.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
We continue to monitor the launch manifest and range priorities for our launch vehicles at Cape Canaveral.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
We have slightly adjusted the in-service date roadmap to better reflect various potential schedule uncertainties post-shipment for VS-3 F3.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
We are focusing on continuing to more thoroughly optimize the integration of Viasat and Inmarsat resources, and establish the growth opportunities and associated earnings power of our franchises to yield attractive cash conversion.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
This fleet-wide transition to NexusWave will allow Mitsui to benefit from our fully managed, bonded connectivity service and accelerate their digitalization strategy.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Risks & headwinds
We have slightly adjusted the in-service date roadmap to better reflect various potential schedule uncertainties post-shipment for VS-3 F3.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
As we have said before, there will be challenges but we are playing to win.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict.
SEC original ↗Viasat Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Legal Proceedings 52 Item 1A.
SEC original ↗Viasat Inc. — 10-Q Quarterly report10-QAug 6, 2026
The Company includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.
SEC original ↗Viasat Inc. — 10-Q Quarterly report10-QAug 6, 2026
Revenue is disaggregated by products and services, customer type, contract type, business line and geographic area, as the Company believes this approach best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors.
SEC original ↗Viasat Inc. — 10-Q Quarterly report10-QAug 6, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
39 documents- Q2 2026
- 8-KVSAT
Sep 4, 2026
- 10-QVSAT
Aug 6, 2026
- 8-KVSAT
Aug 4, 2026
- EX-99VSAT
Aug 4, 2026
- Q1 2026
- 10-KVSAT
May 29, 2026
- 8-KVSAT
May 28, 2026
- EX-99VSAT
May 28, 2026
- 8-KVSAT
May 7, 2026
- EX-99VSAT
May 7, 2026
- Q4 2025
- 10-QVSAT
Feb 6, 2026
- 8-KVSAT
Feb 5, 2026
- EX-99VSAT
Feb 5, 2026
- 8-KVSAT
Jan 26, 2026
- Q3 2025
- 8-KVSAT
Dec 11, 2025
- 8-KVSAT
Nov 19, 2025
- 10-QVSAT
Nov 10, 2025
- 8-KVSAT
Nov 7, 2025
- EX-99VSAT
Nov 7, 2025
- Q2 2025
- 8-KVSAT
Sep 5, 2025
- 8-KVSAT
Aug 21, 2025
- 10-QVSAT
Aug 8, 2025
- 8-KVSAT
Aug 5, 2025
- EX-99VSAT
Aug 5, 2025
- Q1 2025
- 8-KVSAT
Jun 13, 2025
- 10-KVSAT
May 27, 2025
- 8-KVSAT
May 22, 2025
- 8-KVSAT
May 20, 2025
- EX-99VSAT
May 20, 2025
- 8-KVSAT
May 12, 2025
- 8-KVSAT
May 2, 2025
- 8-KVSAT
Apr 28, 2025
- Q4 2024
- 8-KVSAT
Mar 7, 2025
- 10-QVSAT
Feb 10, 2025
- 8-KVSAT
Feb 6, 2025
- EX-99VSAT
Feb 6, 2025
- 8-KVSAT
Jan 22, 2025
- Q3 2024
- 10-QVSAT
Nov 8, 2024
- 8-KVSAT
Nov 6, 2024
- EX-99VSAT
Nov 6, 2024
Earnings releases
8 documentsPresentations
0 documentsNo presentations for Viasat Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Viasat Inc. are held in this edition of the library.
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