ViaSat (NASDAQ: VSAT) reported Q3 EPS of $0.79, $1.25 better than the analyst estimate of ($0.46). Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.17 billion.

Outlook
Our third quarter FY2026 financial performance underscores our focus on execution and on
positioning Viasat for accelerated growth, strong cash generation and lower capital
intensity. We expect the completion and entry into service of our second and third VS-3
satellites to be a catalyst for all three factors as they unlock a substantial increase in global
capacity and are incorporated into our multi-orbit strategy. We anticipate the increase in
capacity and capabilities will fuel a long runway of high-growth opportunities in attractive
markets we choose to serve.
• For FY2026, we continue to expect low single digit YoY revenue growth and flat YoY
Adjusted EBITDA.
o We continue to expect Communication Services segment FY2026 revenue
performance to be flat compared to FY2025, driven by low double-digit growth in
aviation services, offset by a lower rate of declines in FS&O.
o We continue to expect Defense and Advanced Technologies segment FY2026 YoY
revenue growth in the mid-teens, driven primarily by strong double-digit growth
in both information security and cyber defense and space and mission systems.
• We expect net debt relative to LTM Adjusted EBITDA to decrease by the end of FY2026.
• In FY2026, we now expect capital expenditures of between $1.0 billion and $1.1 billion
(which includes approximately $350 million for Inmarsat related capital expenditures).
• We continue to expect double-digit operating cash flow growth.
• We now expect to generate positive free cash flow for FY2026 and continue to expect to
generate positive free cash flow for FY2027.

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