ViaSat (NASDAQ: VSAT) reported Q1 EPS of $0.17, $0.90 better than the analyst estimate of ($0.73). Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.13 billion.

OUTLOOK

For FY2026 we continue to expect low single digit YoY revenue growth and flattish YoY Adjusted EBITDA.
o We continue to expect Communication Services segment FY2026 flat revenue performance
to be driven by low double-digit growth in aviation services, offset by a lower rate of
declines in fixed services and other.
o We continue to expect Defense and Advanced Technologies segment FY2026 mid-teens YoY revenue growth to be driven primarily by strong double-digit growth in both information
security and cyber defense and space and mission systems.
• We continue to expect net debt relative to LTM Adjusted EBITDA to increase modestly by the end of FY2026.
• In FY2026, we now expect capital expenditures of approximately $1.2 billion, an improvement of $100 million from our prior guidance (this includes approximately $400 million for Inmarsat related capital expenditures).
• We continue to expect another year of double-digit operating cash flow growth, and given the
timing of capital expenditures, we continue to expect an inflection to positive free cash flow in
the second half FY2026.

For earnings history and earnings-related data on ViaSat (VSAT) click here.