Cardiff Oncology shares plunge after Q2 earnings miss
CARLSBAD, California - Satellite communications company ViaSat Inc. (NASDAQ:VSAT) saw its shares surge 6.5% after reporting better-than-expected third quarter earnings and maintaining its full-year guidance.
ViaSat posted adjusted earnings per share of $0.11 for its fiscal third quarter, significantly beating analyst estimates of a $0.61 loss per share. Revenue came in at $1.12 billion, slightly below the consensus estimate of $1.13 billion but flat compared to the same quarter last year.
The company’s Defense and Advanced Technologies segment was a bright spot, with revenue increasing 20% YoY to $303 million. This growth helped offset a 6% decline in the Communication Services segment.
"Our Q3 fiscal year 2025 results are good and moderately better than expectations — and we remain on track for our full fiscal year guidance," said Mark Dankberg, Chairman and CEO of ViaSat.
ViaSat maintained its full-year 2025 revenue and adjusted EBITDA outlook, citing strong results in aviation and defense over the first three quarters. The company expects its Defense and Advanced Technologies segment to see mid-teens revenue growth for the full fiscal year.
Looking ahead to fiscal 2026, ViaSat continues to forecast year-over-year revenue and adjusted EBITDA growth. The company also projects capital expenditures of approximately $1.3 billion for FY2026, indicating a shift to positive free cash flow in the second half of that fiscal year.
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