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Gilat Satellite Networks LTD (GILT) stock

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NASDAQ: GILT Nasdaq Communications Equipment Next results ~November 10, 2026

B Fundamentals grade

Gilat Satellite Networks LTD is a US-listed company in the communications equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$8.0

Cash-flow model

Base case. Range ~$6.6–$9.7 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 7% below our base value.

Price used: $7.41, November 2, 2026

Gilat Satellite Networks LTD valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds61 adding, 77 cuttingOf 26 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Gilat Satellite Networks files

Where Gilat Satellite Networks LTD stands after its latest Filing

Revenue for the twelve months was $452m, up 47.9% on a year earlier, faster than the 14.8% growth a quarter earlier. That growth ranks 5 of 40 among the communications equipment companies we cover. Free-cash-flow margin fell to 2.0% from 4.6% a year earlier. Operating margin widened to 5.2% from 1.0%. The diluted share count is up 5.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $7.96 a share, against a share price of $7.78. At that price, our model says the market is pricing in about 12.4% a year of cash-flow growth for five years, slower than the 22.1% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Gilat Satellite Networks LTD's trailing-twelve-month revenue grew 47.9% year on year, with a free-cash-flow margin of 2.0%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 23 communications equipment companies we cover. Where it lags: gross margin of 29.5% ranks 31 of 36 communications equipment companies we cover.

Our discounted-cash-flow model values the business at ~$8.0 per share in the base case (~$6.6–$9.7 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 47.9% (+33.1pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 47.9% over the last 12 months, against a median of 11.3% for communications equipment companies we cover.
  • Growth speeding up. The growth rate is 33.1 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.2bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Margins narrowing. Operating margin is down 3.9 points on a year ago.
  • Share dilution. Diluted shares rose 5.9% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 68% and a beta of 2.3 against the S&P 500.
  • Gross margin slipping. Gross margin is down 7.6 points on a year ago.
  • Weak cash conversion. Free cash flow was 44% of net income over the last 12 months.

Latest results

Earnings per share
$0.20 against an average estimate of $0.10: beat by 100.0%
Next report
November 10, 2026; average EPS estimate $0.14

Gilat Satellite Networks' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.8%
  • 1 week-2.9%
  • 1 month-26.1%
  • This year-42.7%
  • 1 year-48.9%
  • 5 years-13.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$452M
Operating margin
5.2%
Net margin
4.6%
EPS (TTM, diluted)
$0.34

Growth

Revenue growth
+47.9%
Change in growth rate
+33.1 pts
Share count change
+5.9%

Cash

Free cash flow (TTM)
$9.2M
FCF margin
2.0%
Stock pay % of revenue
1.9%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for GILT from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Gilat Satellite Networks LTD valuation models and calculator

What the price is pricing in

The share price implies about 10.8% a year of cash-flow growth for five years.That is slower than the 22.1% a year revenue growth Gilat Satellite Networks has delivered.

  • Priced in10.8%
  • Last 12 months47.9%
  • 3 years a year23.5%
  • 5 years a year22.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($7.32, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$8.0
Price used
$7.32close November 3, 2026
Implied change
▲ +9%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Gilat Satellite Networks LTD's free cash flow after stock-based pay with after-tax interest added back ($13.1M, FY2025 Q4 TTM), growing 13% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$6.6–~$9.7 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Gilat Satellite Networks LTD's free cash flow after stock-based pay ( $13.1M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Gilat Satellite Networks LTD as an operating company, with every model that fits that kind of business. Cost of equity 10.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.25 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$8.0 ~$6.6–$9.7 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$9.6 ~$7.3–$12 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$10–$16 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.0 ~$2.1–$4.3 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$1.3 ~$1.1–$1.4 Left out: out of range vs price (0.17x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$8.2 ~$3.0–$12 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Gilat Satellite Networks LTD with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −17%
  • Revenue growth 5 points higher ▲ +21%
  • Free-cash-flow margin 1 point lower ▼ −34%
  • Last year's free-cash-flow margin change, if it persists ▼ −68%
  • Discount rate 1 point higher ▼ −11%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$6$7$9$11$14
8.5% $4$5$6$7$9$11
10% $4$5$5$6$7$9

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$2.84$4.11$6.34$7.51$6.80$5.98$7.07$5.80$6.11$6.15$12.94
Market value$128m$213m$348m$419m$381m$333m$399m$328m$346m$351m$782m
+ Net debt (− = net cash)$15m−$19m−$36m−$55m−$67m−$85m−$82m−$87m−$95m−$117m−$167m
Enterprise value$143m$195m$312m$364m$314m$248m$317m$242m$252m$233m$615m
Multiples
Price / sales 0.6x0.8x1.2x1.6x1.5x2.0x1.9x1.4x1.3x1.1x1.7x
Price / earnings ——51.2x22.7x10.3x9.5x——14.7x14.1x37.7x
Price / free cash flow ———19.7x14.2x8.7x40.0x—16.3x14.0x85.1x
EV / EBITDA —14.1x13.0x10.6x8.5x5.2x24.1x11.2x6.1x5.7x13.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

26 /100

Weak moat

How hard Gilat Satellite Networks's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Pricing power 11 / 20

    Gross margin has been a median 30.9%, moving by 1.9 percentage points (standard deviation) across 5 years.

  • Durability 0 / 20

    Operating margin has been a median 1.0%; its worst year was -1.7%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 3 of 5 years, at a median 2.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (30 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, before the open. Analysts expect revenue of $127m and EPS of $0.14 (range $0.13 to $0.17) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.68 +6% $508m +12%
Next $0.77 +13% $567m +12%

Next year's EPS estimate has moved +1.3% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +14.6% on 90 days ago. In the last 30 days, 3 analysts raised Gilat Satellite Networks LTD's forecast and 0 cut it.

Consensus EPS forecast Gilat Satellite Networks LTD, last 90 days
$0.55 $0.60 $0.65 $0.70 $0.75 $0.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.59 Current fiscal year, 60 days ago: $0.68 Current fiscal year, 30 days ago: $0.68 Current fiscal year, 7 days ago: $0.68 Current fiscal year, Now: $0.68 $0.68 Next fiscal year, 90 days ago: $0.76 Next fiscal year, 60 days ago: $0.77 Next fiscal year, 30 days ago: $0.77 Next fiscal year, 7 days ago: $0.77 Next fiscal year, Now: $0.77 $0.77

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.59$0.76
60 days ago $0.68$0.77
30 days ago $0.68$0.77
7 days ago $0.68$0.77
Now $0.68$0.77

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.10 $0.20 +100.0%
Mar 2026 $0.04 $0.18 +350.0%
Dec 2025 $0.14 $0.20 +46.3%
Sept 2025 $0.10 $0.19 +90.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026123
  2. Sep 2026123

Counts of recommendations published by analysts covering Gilat Satellite Networks LTD, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.7%
of tradable shares
Days to cover
2.99
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
50%
of shares
Held by insiders
6.8%
of shares
Employees
1,159
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GILT+18%−18%+5%+1%+110%−43%
Industry peers (median)+17%−18%−12%+33%+1%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GILT42%50%42%58%58%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GILT−68%−45%−26%−39%−30%−65%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from February 12, 2021 to August 5, 2024. Getting back needed a 423% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.41 – $20.85
From 52-week high
−64.5%
vs 50-day average
−19.6%
vs 200-day average
−46.3%
Volatility (1 year)
68%
Beta vs S&P 500
2.27

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Gilat Satellite Networks LTD’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Gilat Satellite Networks LTD in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Gilat Satellite Networks LTD
$100M $200M $300M $400M $500M FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $235.1M Revenue (TTM), FY15 Q4: $197.5M Revenue (TTM), FY16 Q4: $279.6M Revenue (TTM), FY17 Q4: $282.8M Revenue (TTM), FY18 Q4: $266.4M Revenue (TTM), FY19 Q4: $257.3M Revenue (TTM), FY20 Q4: $166.1M Revenue (TTM), FY21 Q4: $215M Revenue (TTM), FY22 Q4: $239.8M Revenue (TTM), FY23 Q4: $266.1M Revenue (TTM), FY24 Q4: $305.4M Revenue (TTM), FY25 Q4: $451.7M $451.7M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $235.1M
FY15 Q4 $197.5M
FY16 Q4 $279.6M
FY17 Q4 $282.8M
FY18 Q4 $266.4M
FY19 Q4 $257.3M
FY20 Q4 $166.1M
FY21 Q4 $215M
FY22 Q4 $239.8M
FY23 Q4 $266.1M
FY24 Q4 $305.4M
FY25 Q4 $451.7M
Revenue growth, TTM YoY Gilat Satellite Networks LTD
-50% 0% 50% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: 0.1% Revenue growth, TTM YoY, FY15 Q4: -16.0% Revenue growth, TTM YoY, FY16 Q4: 41.5% Revenue growth, TTM YoY, FY17 Q4: 1.1% Revenue growth, TTM YoY, FY18 Q4: -5.8% Revenue growth, TTM YoY, FY19 Q4: -3.4% Revenue growth, TTM YoY, FY20 Q4: -35.4% Revenue growth, TTM YoY, FY21 Q4: 29.4% Revenue growth, TTM YoY, FY22 Q4: 11.6% Revenue growth, TTM YoY, FY23 Q4: 10.9% Revenue growth, TTM YoY, FY24 Q4: 14.8% Revenue growth, TTM YoY, FY25 Q4: 47.9% 47.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 0.1%
FY15 Q4 -16.0%
FY16 Q4 41.5%
FY17 Q4 1.1%
FY18 Q4 -5.8%
FY19 Q4 -3.4%
FY20 Q4 -35.4%
FY21 Q4 29.4%
FY22 Q4 11.6%
FY23 Q4 10.9%
FY24 Q4 14.8%
FY25 Q4 47.9%
Operating margin (TTM) Gilat Satellite Networks LTD
-40% -20% 0% 20% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Operating margin (TTM), FY14 Q4: 2.1% Operating margin (TTM), FY15 Q4: -22.1% Operating margin (TTM), FY16 Q4: 0.3% Operating margin (TTM), FY17 Q4: 3.8% Operating margin (TTM), FY18 Q4: 8.0% Operating margin (TTM), FY19 Q4: 10.1% Operating margin (TTM), FY20 Q4: 22.7% Operating margin (TTM), FY21 Q4: 1.0% Operating margin (TTM), FY22 Q4: 4.1% Operating margin (TTM), FY23 Q4: 10.6% Operating margin (TTM), FY24 Q4: 9.1% Operating margin (TTM), FY25 Q4: 5.2% 5.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY14 Q4 2.1%
FY15 Q4 -22.1%
FY16 Q4 0.3%
FY17 Q4 3.8%
FY18 Q4 8.0%
FY19 Q4 10.1%
FY20 Q4 22.7%
FY21 Q4 1.0%
FY22 Q4 4.1%
FY23 Q4 10.6%
FY24 Q4 9.1%
FY25 Q4 5.2%
FCF margin (TTM) Gilat Satellite Networks LTD
-20% -10% 0% 10% 20% 30% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: -12.2% FCF margin (TTM), FY15 Q4: -9.5% FCF margin (TTM), FY16 Q4: -14.7% FCF margin (TTM), FY17 Q4: -7.4% FCF margin (TTM), FY18 Q4: 8.0% FCF margin (TTM), FY19 Q4: 10.4% FCF margin (TTM), FY20 Q4: 23.1% FCF margin (TTM), FY21 Q4: 4.6% FCF margin (TTM), FY22 Q4: -0.8% FCF margin (TTM), FY23 Q4: 8.0% FCF margin (TTM), FY24 Q4: 8.2% FCF margin (TTM), FY25 Q4: 2.0% 2.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 -12.2%
FY15 Q4 -9.5%
FY16 Q4 -14.7%
FY17 Q4 -7.4%
FY18 Q4 8.0%
FY19 Q4 10.4%
FY20 Q4 23.1%
FY21 Q4 4.6%
FY22 Q4 -0.8%
FY23 Q4 8.0%
FY24 Q4 8.2%
FY25 Q4 2.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 228 233 245 272 235 235 198 280 283 266 257 166 215 240 266 305 452
Gross profit 70 80 103 98 80 84 44 75 82 94 96 41 71 87 105 113 133
EBITDA 14 9 12 −3 13 21 −29 14 24 34 37 48 13 22 41 41 47
Operating income −1 −6 −7 −22 −4 5 −44 1 11 21 26 38 2 10 28 28 23
Net income 2 31 −6 −23 −18 −1 −52 −5 7 18 37 35 −3 −6 24 25 21
Diluted EPS $0.04 $0.73 −$0.14 −$0.56 −$0.43 −$0.04 −$1.16 −$0.10 $0.12 $0.33 $0.66 $0.63 −$0.05 −$0.10 $0.41 $0.44 $0.34
Growth (year on year)
Revenue — +2.2% +5.3% +10.7% −13.5% +0.1% −16.0% +41.5% +1.1% −5.8% −3.4% −35.4% +29.4% +11.6% +10.9% +14.8% +47.9%
EBITDA — −37.7% +43.9% −127.7% — +55.9% −236.4% — +73.1% +43.5% +7.1% +30.4% −72.6% +63.7% +92.4% −0.6% +14.2%
Operating income — — — — — — −967.6% — — +96.0% +21.7% +45.9% −94.2% — +182.2% −1.4% −15.4%
Net income — — −119.1% — — — — — — +170.7% +100.2% −4.8% −108.6% — — +5.7% −16.6%
Diluted EPS — — −119.2% — — — — — — +175.0% +100.0% −4.5% −107.9% — — +7.3% −22.7%
Margins
Gross margin 30.9% 34.3% 42.0% 36.1% 33.9% 35.6% 22.3% 27.0% 29.2% 35.3% 37.4% 24.9% 33.2% 36.2% 39.4% 37.1% 29.5%
EBITDA margin 6.1% 3.7% 5.1% −1.3% 5.7% 8.9% −14.5% 5.0% 8.5% 12.9% 14.3% 28.9% 6.1% 9.0% 15.6% 13.5% 10.4%
Operating margin −0.3% −2.6% −2.9% −8.1% −1.7% 2.1% −22.1% 0.3% 3.8% 8.0% 10.1% 22.7% 1.0% 4.1% 10.6% 9.1% 5.2%
Net margin 0.8% 13.1% −2.4% −8.5% −7.6% −0.6% −26.5% −1.9% 2.4% 6.9% 14.3% 21.1% −1.4% −2.5% 8.8% 8.1% 4.6%
Free-cash-flow margin −2.0% 8.8% 0.9% 6.5% 5.3% −12.2% −9.5% −14.7% −7.4% 8.0% 10.4% 23.1% 4.6% −0.8% 8.0% 8.2% 2.0%
Cash flow
Cash from operations −0 13 9 22 16 −16 −15 −37 −17 32 35 43 19 11 32 32 21
Capital spending 4 −8 6 4 4 13 4 4 4 11 8 5 9 13 11 7 11
Free cash flow −5 21 2 18 12 −29 −19 −41 −21 21 27 38 10 −2 21 25 9
Stock-based pay 1 2 1 2 2 2 2 1 1 1 2 1 1 2 3 7 8
Free cash flow after stock pay −6 19 1 16 10 −31 −21 −42 −22 20 25 37 9 −4 18 18 1
Balance sheet
Cash 123 57 67 67 58 28 18 40 53 67 75 89 82 87 104 119 169
Total debt 0 19 48 52 36 47 33 22 17 13 8 4 — 0 9 2 2
Net debt (negative = net cash) −123 −39 −19 −15 −23 19 15 −19 −36 −55 −67 −85 −82 −87 −95 −117 −167
Diluted shares 41m 42m 41m 41m 42m 42m 45m 52m 55m 56m 56m 56m 56m 57m 57m 57m 60m
Returned to shareholders
Dividends — — — — — — — — — — 25 20 35 0 0 — —
Total returned — — — — — — — — — — 25 20 35 0 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · December 31, 2025
What it owns · $746m
Short-term assets $391mLonger-term assets $355m
What it owes, and who funded it · $716m
Short-term liabilities $215mShareholders' equity $500m
  • Short-term assets cover short-term liabilities $391m of assets due within a year against $215m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $169m of cash against $2m of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 2% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt $21m of operating cash flow against $2m of debt.
  • Operating profit covers interest at least five times over Operating income of $23m against −$8m of interest.

From Gilat Satellite Networks LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+5.9%
year over year
R&D spending
10.3%
of revenue
Days sales outstanding
69 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated GILT AVNW DGII AAOI CRNT ATEN Median
Revenue, last 12 months $452m $440m $506m $596m $339m $310m $324m
Revenue growth, last 12 months 47.9% 1.2% 20.3% 61.8% −14.1% 12.2% 11.0%
Revenue growth, 3-year average 24.4% 8.5% 4.9% 40.9% −2.2% 4.3% 4.1%
Revenue growth, latest quarter — 4.8% 29.0% 86.4% — 15.5% 12.9%
Gross margin 29.5% 31.5% 63.8% 28.9% 33.8% 79.4% 43.7%
Operating margin 5.2% 4.4% 13.9% −11.3% 2.1% 16.1% 2.2%
Operating margin, 3-year average 3.3% 3.9% 12.8% −17.6% 3.6% 15.9% −1.4%
Net margin 4.6% 0.6% 9.6% −9.6% −0.6% 13.9% −0.0%
Cash from operations / revenue 4.6% 3.1% 27.3% −22.1% 9.3% 24.8% 9.9%
Free-cash-flow margin 2.0% 1.4% 26.9% −99.5% 5.3% 19.6% 7.7%
Free-cash-flow margin, 3-year average −0.2% 2.2% 22.1% −65.1% −0.2% 22.9% 2.2%
Stock pay / revenue 1.9% 1.4% 3.4% 2.6% 1.2% 7.5% 3.9%
Change in share count 5.9% 1.6% 2.3% 49.3% 1.5% −1.3% 1.5%

Median of all 40 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 communications equipment companies
Measure Company Peer median Rank
Revenue growth Growth 47.9% 11.3% 5 of 40
Change in growth rate Growth +33.1pp +2.0pp 4 of 40
Gross margin Profitability 29.5% 44.1% 31 of 36
Operating margin Profitability 5.2% 2.4% 17 of 40
Net margin Profitability 4.6% 0.6% 15 of 40
Free-cash-flow margin Cash generation 2.0% 8.2% 24 of 38
Stock pay as % of revenue Cash generation 1.9% 3.9% 10 of 37
Long-term debt as % of assets Balance sheet 0.0% 10.4% 1 of 23
Change in share count Balance sheet 5.9% 1.6% 27 of 36
Days sales outstanding Balance sheet 69 days 75 days 17 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$388M
Institutions reporting
127
Shares held vs prior quarter
▼ 3.2%
Positions opened / closed
16 / 33

Top buyers and sellers, Q2 2026: 61 institutions bought and 77 sold ; the biggest buyer was American Century Companies Inc (+2.3M shares) and the biggest seller Awm Investment Company, Inc (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Clal Insurance Enterprises Holdings Ltd $58.6M 4.4M 15.1% ▲ 0.1%
Phoenix Financial Ltd. $50.7M 3.8M 13.1% ▼ 23.1%
American Century Companies Inc $31.1M 2.3M 8.0% New
Van Eck Associates Corp $23.9M 1.8M 6.2% ▲ 47.3%
Vanguard Capital Management LLC $23.7M 1.8M 6.1% ▼ 2.4%
Lbp Am SA $17.7M 1.3M 4.6% ▲ 14.9%
Royce & Associates LP $14.7M 1.1M 3.8% ▲ 15.3%
Wellington Management Group LLP $14.6M 1.1M 3.8% ▲ 6.3%
Migdal Insurance & Financial Holdings Ltd. $14.5M 1.1M 3.7% 0.0%
Awm Investment Company, Inc. $13.8M 1.0M 3.6% ▼ 55.0%
Y.D. More Investments Ltd $9M 678K 2.3% ▼ 5.3%
Yelin Lapidot Holdings Management Ltd. $8.6M 646K 2.2% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Gilat Satellite Networks LTD's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.3M 6 trades by 4 insiders · 97% under pre-set plans
Net ▼ $1.3M net selling
Insider Date Trade Shares Price Value
Ofek Amir Yechiel Director August 6, 2026 Sell 3,923 $11.41 $44,761
Rohrstock Arieh President, Gilat Peru June 11, 2026 Sell pre-set plan 17,568 $15.23 $267,561
Kerbel Doron Chief Legal Officer March 20, 2026 Sell pre-set plan 7,500 $18.03 $135,225
Sfadia Adi CEO March 18, 2026 Sell pre-set plan 7,500 $16.85 $126,375
Sfadia Adi CEO March 18, 2026 Sell pre-set plan 37,500 $16.85 $631,875
Sfadia Adi CEO March 18, 2026 Sell pre-set plan 3,978 $16.85 $67,029

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K

Data status

When each part of this page on Gilat Satellite Networks LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Gilat Satellite Networks LTD in brief

What does Gilat Satellite Networks LTD do?
Gilat Satellite Networks LTD is a US-listed company in the communications equipment industry. Its financial year ends in December.
What is Gilat Satellite Networks LTD's stock ticker?
Gilat Satellite Networks LTD trades under the ticker GILT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Gilat Satellite Networks LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Gilat Satellite Networks LTD reported revenue of $452M, 47.9% higher than a year earlier, according to its SEC filings.
What is Gilat Satellite Networks LTD's free cash flow?
Gilat Satellite Networks LTD's free-cash-flow margin is 2.0% of revenue over the trailing twelve months, ranking 24 of the 38 communications equipment companies we cover.
What is Gilat Satellite Networks LTD's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Gilat Satellite Networks LTD's free cash flow after stock-based pay gives ~$8.0 per share in the base case, and ~$6.6–$9.7 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Gilat Satellite Networks LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Clal Insurance Enterprises Holdings Ltd, Phoenix Financial Ltd. and American Century Companies Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Gilat Satellite Networks LTD's market cap?
On December 31, 2025, Gilat Satellite Networks LTD's market capitalisation was about $782M, with a price-to-earnings ratio of 37.7 and net debt of -$167M. Market figures come from third-party market data and may be delayed.
How much debt does Gilat Satellite Networks LTD have?
Gilat Satellite Networks LTD's debt-to-equity ratio is 0.4%, from its latest balance sheet (1.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Gilat Satellite Networks LTD's competitors?
In our Communications Equipment peer group, the companies closest to Gilat Satellite Networks LTD are Aviat Networks, Inc., Digi International Inc, Applied Optoelectronics, Inc., Ceragon Networks LTD and A10 Networks, Inc. The side-by-side comparison below sets their revenue, margins and growth against Gilat Satellite Networks LTD's.
Are insiders buying or selling Gilat Satellite Networks LTD stock?
Over the last 12 months, Gilat Satellite Networks LTD's directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Gilat Satellite Networks LTD's next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Gilat Satellite Networks LTD announces its own schedule.