Gilat agrees to buy Comtech unit: what it means for Gilat Satellite Networks stock

Gilat Satellite Networks (ISIN IL0010825102) agreed to acquire most of Comtech's Satellite and Space Communications segment on September 18, 2026, according to ScanX. The transaction requires regulatory approvals and is expected to close by year-end, creating a larger defense communications platform for the company.

Comtech deal targets defense growth

The acquired business is expected to more than double Gilat's defense revenue, while expanding its presence in the United States. The deal therefore links the acquisition case to execution risk: regulatory clearance, integration costs and delivery timing will shape the financial benefit.

Gilat DataPath also secured an order worth more than USD 32.00 million for DKET systems, with deliveries scheduled over the following 12 months, according to The Globe and Mail on September 9, 2026.

Revenue growth outpaced earnings quality

For the second quarter of 2026, revenue rose 17.00 percent year over year to USD 122.70 million from USD 105.00 million. Adjusted EBITDA increased 31.00 percent to USD 15.40 million, and its margin expanded to 12.60 percent from 11.20 percent, according to ScanX.

Full-year 2026 guidance calls for revenue of USD 500.00 million to USD 520.00 million and adjusted EBITDA of USD 61.00 million to USD 66.00 million. The comparison is important: adjusted profitability grew faster than quarterly revenue, but the acquisition and expected second-half cost pressure make the margin trajectory central to the investment case.

Nasdaq value remains near yearly low

Gilat Satellite Networks traded at USD 9.84 on Nasdaq on October 1, 2026 at 4:00 p.m. ET. The market capitalization was USD 742.6 million, while the 52-week range was USD 9.37 to USD 20.93; the price stood 52.98 percent below the yearly high.

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