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Investing.com -- Gilat Satellite Networks Ltd (NASDAQ:GILT). (NASDAQ:GILT, TASE:GILT) shares surged 16.4% after the satellite networking technology provider reported second quarter earnings that exceeded analyst expectations, with substantial revenue growth and raised full-year guidance.
The company reported adjusted earnings per share of $0.21 for the second quarter, beating analyst estimates of $0.04 by a wide margin. Revenue jumped to $105 million, a 37% increase YoY and above the consensus estimate of $101 million. The strong performance was driven by momentum across multiple business segments.
Gilat’s shares climbed sharply following the announcement as investors reacted positively to both the earnings beat and the company’s improved outlook. The company raised its 2025 revenue guidance to between $435 million and $455 million, representing approximately 46% growth at the midpoint, up from its previous guidance of $415-$455 million. Adjusted EBITDA is now expected to be between $50 million and $53 million, a 22% growth rate at the midpoint.
"Gilat’s second quarter results were strong, demonstrating momentum across our growth engines and successful execution of our growth strategy," said Adi Sfadia, Gilat’s CEO. "Gilat Defense is extending its reach by leveraging top-line synergies between Gilat and DataPath and offering a broader range of solutions to defense customers in the U.S. and among its allies."
The company reported adjusted EBITDA of $11.8 million for the quarter, compared with $10.1 million in the same period last year, despite absorbing a $1.5 million loss from Gilat Stellar Blu’s ramp-up process.
Recent business highlights include multiple significant contract wins, including a $60 million award for digital inclusion solutions in Peru, a $40 million contract for its virtualized SkyEdge IV platform, and $27 million in orders for its Stellar Blu portfolio.
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