Gilat wins USD 8 million orders. Gilat Satellite Networks stock sits 55.71 percent below its high
Published on 10/08/2026 at 18:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Gilat secured more than USD 8.00 million in U.S. defense orders on October 8, 2026.
- The orders cover field services and satellite communications upgrades, with delivery expected over the next 12 months.
- Second-quarter 2026 revenue rose 17.00 percent to USD 122.70 million, while adjusted EBITDA increased 31.00 percent year over year.
- The Lang & Schwarz quote stood at EUR 8.28 after-hours on October 8, 2026, plus 0.61 percent versus EUR 8.23.
Gilat Satellite Networks (ISIN IL0010825102) secured more than USD 8.00 million in U.S. defense orders on October 8, 2026, according to Investing.com. The contracts cover field services and satellite communications system upgrades, with deliveries expected over the next 12 months.
Three orders mark the buildup
The latest order follows two sizeable developments. On June 15, 2026, Gilat agreed to acquire most of Comtech's Satellite and Space Communications segment for USD 157.50 million in cash, as Simply Wall St reported.
On October 7, 2026, the company announced more than USD 10.00 million in additional SkyEdge IV orders from a satellite operator, with delivery scheduled over the next 12 months, according to StockTitan. The sequence gives the October 8 defense award a broader operating context across commercial connectivity and military communications.
What does the order add?
Gilat's second-quarter 2026 revenue rose 17.00 percent year over year to USD 122.70 million, while adjusted EBITDA increased 31.00 percent to USD 15.40 million, according to Yahoo Finance. Management reiterated fiscal 2026 revenue guidance of USD 500.00 million to USD 520.00 million and adjusted EBITDA guidance of USD 61.00 million to USD 66.00 million.
The current orders are therefore relevant less for their immediate revenue size than for delivery visibility. Gilat's second-quarter 2026 GAAP net income was USD 5.57 million, compared with USD 6.13 million in the first quarter, while revenue increased from USD 110.47 million to USD 122.66 million between those periods.
Stock remains below its yearly high
Gilat Satellite Networks stock was trading at EUR 8.28 at Lang & Schwarz on October 8, 2026 at 6:28 p.m. CEST, up 0.61 percent versus the prior close of EUR 8.23 on October 7, 2026. On Nasdaq, the finance quote showed USD 9.27 at 4:30 p.m. ET on October 8, 2026, against a 52-week range of USD 8.74 to USD 20.93; the current price was 55.71 percent below the high.
The further course of trading is shown by the continuously updated real-time quote of Gilat Satellite Networks stock.
Gilat Satellite Networks stock at a glance
- Company: Gilat Satellite Networks Ltd.
- ISIN: IL0010825102
- Ticker: GILT
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 8, 2026, 6:28 p.m. CEST): EUR 8.28
- Change versus prior close: plus 0.61 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 8.23
- Market capitalization: USD 699.6 million (as of October 8, 2026)
- 52-week range: USD 8.74-20.93 (as of October 8, 2026)
- Sector / Industry: Technology / Communication Equipment
Market context: Market report Nasdaq Composite.
