Gilat Receives Multimillion Order from Nelco
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2026
0mins
Gilat Satellite Networks announced that it received a multimillion order from Nelco, a leading Satcom service provider in India, with deliveries expected over the next 12 months. "Nelco's selection of SkyEdge IV reflects the platform's ability to support high-throughput satellite services with the flexibility required for diverse service requirements," said Ron Levin, president of Gilat's commercial division. Under the agreement, Nelco has chosen Gilat's SkyEdge IV hub platform to deploy the most advanced Ka-band service network in India using the GSAT-N2 Ka-band HTS satellite. The deployment will enable scalable, high-performance connectivity across multiple segments including Aero IFC, cellular backhaul and enterprise connectivity in remotest locations, delivering the performance and flexibility required for such segments.
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Analyst Views on GILT
About GILT
Gilat Satellite Networks Ltd. is an Israel-based provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility, and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-move/on-the-pause terminals, and modems. The Company's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations, and enterprises.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gilat Partners with Boeing to Enhance Inflight Broadband Connectivity
- Stock Price Surge: Gilat Satellite Networks (GILT) shares rose 4% in premarket trading, reflecting positive market sentiment towards its partnership with Boeing, indicating investor confidence in the company's growth potential.
- Collaborative Initiative: Gilat announced its collaboration with Boeing to install its Sidewinder terminals to accelerate the adoption of advanced inflight broadband connectivity, showcasing the company's commitment to providing cutting-edge connectivity solutions in the aviation market.
- Industry-Leading Technology: The Sidewinder terminal is recognized as the industry's leading multi-orbit electronic scanning antenna (ESA), certified for use by inflight connectivity service providers, further solidifying Gilat's market position.
- Strategic Implications: This partnership not only enhances Gilat's competitiveness in the inflight broadband market but also lays the groundwork for future revenue growth, reflecting the company's strategic positioning in the rapidly evolving aviation communications sector.
See More
Boeing Accelerates Launch of Sidewinder Antenna
- Accelerated Integration: Boeing's plan to offer the Sidewinder antenna through inflight connectivity partners aims to enhance multi-orbit in-flight broadband connectivity efficiency, thereby accelerating airlines' adoption of advanced connectivity solutions.
- Positive Market Reaction: Following Boeing's milestone with Gilat Satellite Networks, GILT shares rose nearly 5% in pre-market trading, reflecting strong market optimism regarding this collaboration.
- Cost Efficiency Improvement: The compact design of the Sidewinder antenna simplifies installation, reduces long-term maintenance costs, and eliminates expenses and downtime associated with retrofit programs, enabling aircraft to enter service sooner.
- Industry Leadership: Gilat's Commercial Division President Ron Levin stated that partnering with Boeing underscores their commitment to delivering advanced connectivity solutions to the aviation market, with Sidewinder positioned as the industry's leading multi-orbit electronically steered antenna for future line-fit solutions.
See More
Gilat Partners with Boeing to Advance Satellite Technology
- Milestone Partnership: Gilat Satellite Networks has partnered with Boeing to offer its multi-orbit electronically steered antenna, Sidewinder, as a future line-fit solution, marking a significant advancement in the aviation market.
- Technical Advantages: The compact design of Sidewinder simplifies installation, reduces long-term maintenance costs, and eliminates expenses and downtime associated with retrofit programs, thereby accelerating the entry into service of fully integrated connectivity.
- Market Demand Response: Through this collaboration with Boeing, Gilat aims to enhance airlines' onboard service capabilities and boost operational efficiency to meet the growing demand for connectivity, further solidifying its leadership position in the aviation connectivity market.
- Industry Recognition: Ron Levin, President of Gilat's Commercial Division, stated that the partnership with Boeing not only recognizes their technology but also reflects the company's commitment to providing advanced connectivity solutions to the aviation sector.
See More
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- Earnings Performance: Gilat reported Q1 earnings of $0.18 per share, exceeding analyst expectations of $0.11, yet its sales of $110.5 million fell short of the $114.4 million forecast, resulting in a significant 22.5% stock drop.
- Sales Growth: Despite the sales miss, Gilat achieved a 20% year-over-year sales increase and reversed prior operating and net losses, demonstrating resilience and potential in the competitive space market.
- Contract Wins: The company secured multiple seven- and eight-figure satellite communications contracts during the quarter, with CEO Adi Sfadia noting that these wins contributed to a strong backlog and pipeline, enhancing Gilat's market position.
- Full-Year Outlook: Gilat maintained its revenue guidance for 2026 at $500 million to $520 million, reflecting a 13% year-over-year growth expectation, although this growth rate is slower than the Q1 performance, likely contributing to the stock's decline.
See More
Gilat Satellite Q1 Earnings Beat Expectations
- Earnings Beat: Gilat Satellite reported a Q1 non-GAAP EPS of $0.18, exceeding expectations by $0.14, indicating improved profitability that may boost investor confidence.
- Revenue Growth Miss: The company achieved $110.5 million in revenue for Q1, a 20.1% year-over-year increase, yet fell short of expectations by $4.06 million, suggesting intensified market competition may be impacting sales performance.
- Future Financial Guidance: Management projects 2026 revenue between $500 million and $520 million, slightly above the consensus of $509.5 million, reflecting confidence in future growth with an expected midpoint growth rate of approximately 13%.
- Adjusted EBITDA Outlook: The anticipated adjusted EBITDA for 2026 is between $61 million and $66 million, with a midpoint growth rate of around 19%, indicating ongoing efforts to control costs and enhance profitability will continue to yield positive results.
See More
Gilat Satellite to Announce Q1 Earnings on May 13
- Earnings Announcement: Gilat Satellite is set to release its Q1 earnings on May 13 before market open, with a consensus EPS estimate of $0.04, reflecting a 33.3% year-over-year increase, indicating sustained improvement in profitability.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $114.56 million, representing a 24.5% year-over-year growth, which highlights the company's strong performance amid rising market demand and could potentially drive stock price appreciation.
- Historical Performance Review: Over the past two years, Gilat has beaten EPS estimates 88% of the time and revenue estimates 50% of the time, demonstrating stable performance and fostering market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw no upward revisions but one downward revision, while revenue estimates experienced one upward and one downward revision, indicating market divergence regarding the company's future performance.
See More
Gilat Partners with Boeing to Enhance Inflight Broadband Connectivity
- Stock Price Surge: Gilat Satellite Networks (GILT) shares rose 4% in premarket trading, reflecting positive market sentiment towards its partnership with Boeing, indicating investor confidence in the company's growth potential.
- Collaborative Initiative: Gilat announced its collaboration with Boeing to install its Sidewinder terminals to accelerate the adoption of advanced inflight broadband connectivity, showcasing the company's commitment to providing cutting-edge connectivity solutions in the aviation market.
- Industry-Leading Technology: The Sidewinder terminal is recognized as the industry's leading multi-orbit electronic scanning antenna (ESA), certified for use by inflight connectivity service providers, further solidifying Gilat's market position.
- Strategic Implications: This partnership not only enhances Gilat's competitiveness in the inflight broadband market but also lays the groundwork for future revenue growth, reflecting the company's strategic positioning in the rapidly evolving aviation communications sector.
See More
Boeing Accelerates Launch of Sidewinder Antenna
- Accelerated Integration: Boeing's plan to offer the Sidewinder antenna through inflight connectivity partners aims to enhance multi-orbit in-flight broadband connectivity efficiency, thereby accelerating airlines' adoption of advanced connectivity solutions.
- Positive Market Reaction: Following Boeing's milestone with Gilat Satellite Networks, GILT shares rose nearly 5% in pre-market trading, reflecting strong market optimism regarding this collaboration.
- Cost Efficiency Improvement: The compact design of the Sidewinder antenna simplifies installation, reduces long-term maintenance costs, and eliminates expenses and downtime associated with retrofit programs, enabling aircraft to enter service sooner.
- Industry Leadership: Gilat's Commercial Division President Ron Levin stated that partnering with Boeing underscores their commitment to delivering advanced connectivity solutions to the aviation market, with Sidewinder positioned as the industry's leading multi-orbit electronically steered antenna for future line-fit solutions.
See More
Gilat Partners with Boeing to Advance Satellite Technology
- Milestone Partnership: Gilat Satellite Networks has partnered with Boeing to offer its multi-orbit electronically steered antenna, Sidewinder, as a future line-fit solution, marking a significant advancement in the aviation market.
- Technical Advantages: The compact design of Sidewinder simplifies installation, reduces long-term maintenance costs, and eliminates expenses and downtime associated with retrofit programs, thereby accelerating the entry into service of fully integrated connectivity.
- Market Demand Response: Through this collaboration with Boeing, Gilat aims to enhance airlines' onboard service capabilities and boost operational efficiency to meet the growing demand for connectivity, further solidifying its leadership position in the aviation connectivity market.
- Industry Recognition: Ron Levin, President of Gilat's Commercial Division, stated that the partnership with Boeing not only recognizes their technology but also reflects the company's commitment to providing advanced connectivity solutions to the aviation sector.
See More
Gilat Stock Plummets 22.5% After Earnings Miss Despite Profit
- Earnings Performance: Gilat reported Q1 earnings of $0.18 per share, exceeding analyst expectations of $0.11, yet its sales of $110.5 million fell short of the $114.4 million forecast, resulting in a significant 22.5% stock drop.
- Sales Growth: Despite the sales miss, Gilat achieved a 20% year-over-year sales increase and reversed prior operating and net losses, demonstrating resilience and potential in the competitive space market.
- Contract Wins: The company secured multiple seven- and eight-figure satellite communications contracts during the quarter, with CEO Adi Sfadia noting that these wins contributed to a strong backlog and pipeline, enhancing Gilat's market position.
- Full-Year Outlook: Gilat maintained its revenue guidance for 2026 at $500 million to $520 million, reflecting a 13% year-over-year growth expectation, although this growth rate is slower than the Q1 performance, likely contributing to the stock's decline.
See More
Gilat Satellite Q1 Earnings Beat Expectations
- Earnings Beat: Gilat Satellite reported a Q1 non-GAAP EPS of $0.18, exceeding expectations by $0.14, indicating improved profitability that may boost investor confidence.
- Revenue Growth Miss: The company achieved $110.5 million in revenue for Q1, a 20.1% year-over-year increase, yet fell short of expectations by $4.06 million, suggesting intensified market competition may be impacting sales performance.
- Future Financial Guidance: Management projects 2026 revenue between $500 million and $520 million, slightly above the consensus of $509.5 million, reflecting confidence in future growth with an expected midpoint growth rate of approximately 13%.
- Adjusted EBITDA Outlook: The anticipated adjusted EBITDA for 2026 is between $61 million and $66 million, with a midpoint growth rate of around 19%, indicating ongoing efforts to control costs and enhance profitability will continue to yield positive results.
See More
Gilat Satellite to Announce Q1 Earnings on May 13
- Earnings Announcement: Gilat Satellite is set to release its Q1 earnings on May 13 before market open, with a consensus EPS estimate of $0.04, reflecting a 33.3% year-over-year increase, indicating sustained improvement in profitability.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $114.56 million, representing a 24.5% year-over-year growth, which highlights the company's strong performance amid rising market demand and could potentially drive stock price appreciation.
- Historical Performance Review: Over the past two years, Gilat has beaten EPS estimates 88% of the time and revenue estimates 50% of the time, demonstrating stable performance and fostering market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw no upward revisions but one downward revision, while revenue estimates experienced one upward and one downward revision, indicating market divergence regarding the company's future performance.
See More
