Gilat Satellite lowered its sales forecast because delays in launches are holding up important orders.

Nov 10, 2026, 12:46 PM ETResultsRead the original at Benzinga

Bad for GILT

Gilat cut its 2026 sales forecast, quarterly sales missed estimates, and delays pushed some expected sales into 2027. A profit beat, defense sales growth, and new contracts help, but do not erase the sales setbacks.

GILT · Gilat Satellite Networks Ltd.

AI read · Bad for GILT

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Delayed deliveries, launch problems, and slower Peru deals mean some expected sales have moved into 2027. These problems explain why the company cut its sales forecast. The adjusted profit per share beat estimates, adjusted EBITDA rose 13%, and defense sales grew 53%. Those gains and new defense contracts help, but they do not erase the sales cut or growing competition. The planned Comtech purchase could more than double defense sales in 2027, but it has not closed yet.

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