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Viasat Inc (VSAT) stock

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NASDAQ: VSAT Nasdaq Communications Equipment Next results ~November 5, 2026

C Fundamentals grade

Viasat Inc is a US-listed company in the communications equipment industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 418% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 418% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Viasat Inc 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.

Value diary

Our note on each quarter Viasat files

Where Viasat stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.63bn, up 1.3% on a year earlier, slower than the 2.7% growth a quarter earlier. That puts it 13 of 14 for growth among the communications equipment companies we cover. Free-cash-flow margin rose to 12.5% from -0.6% a year earlier. Operating margin widened to 2.4% from -2.4%. The diluted share count is up 4.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks.

Our model value for Viasat is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

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 5, 2026 (estimated)

Viasat Inc's trailing-twelve-month revenue grew 1.3% year on year, with a free-cash-flow margin of 12.5%. Where it lags: long-term debt as % of assets of 38.3% ranks 21 of 23 communications equipment companies we cover.

Our discounted-cash-flow model values the business at ~$20 per share in the base case (~$6.1–$38 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 79% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

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

  • Margins widening. Operating margin is up 4.8 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 6 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 4.9% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 81% and a beta of 3.3 against the S&P 500.
  • Insiders selling. 10 insiders sold $71M of stock over the past 365 days and none bought (66% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 38.3% ranks 21 of 23 communications equipment companies we cover (median 10.4%).
  • Below peers: change in growth rate. Change in growth rate of -1.3pp ranks 32 of 40 communications equipment companies we cover (median +2.0pp).

Latest results: FY2027 Q1

Filed August 6, 2026
Earnings per share
$0.17 against an average estimate of $0.10: beat by 79.0%
Revenue
$1.16bn, down 1.2% on a year earlier
Share reaction
-0.3% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.01

Viasat's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.8%
  • 1 week+11.6%
  • 1 month+2.9%
  • This year+115.1%
  • 1 year+86.1%
  • 5 years+14.1%
  • S&P 500 this year+11.2%

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

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.6B
Operating margin
2.4%
Net margin
-0.6%
EPS (TTM, diluted)
$-0.22

Growth

Revenue growth
+1.3%
Change in growth rate
−1.3 pts
Share count change
+4.9%

Cash

Free cash flow (TTM)
$577M
FCF margin
12.5%
Stock pay % of revenue
2.1%

Earnings

Last results
August 4, 2026
Next results (est.)
November 6, 2026

News & updates

Updated October 31, 2026

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

  1. Shareholder vote
  2. Insider trade
  3. Insider trade
  4. Results

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

Viasat Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 418% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Viasat Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.19 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. — Does not apply: This model is withheld pending its input or assumption review.
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. ~$2.6 ~$2.1–$3.5 Left out: out of range vs price (0.04x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.1 ~$1.6–$5.7 Left out: out of range vs price (0.04x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Viasat Inc 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.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$73.48$63.82$65.72$77.50$35.92$48.07$48.80$33.84$18.09$10.42$45.80$74.11
Market value$3.6bn$3.4bn$3.8bn$4.6bn$2.2bn$3.2bn$3.6bn$2.6bn$2.1bn$1.3bn$6.2bn$10.1bn
+ Net debt (− = net cash)$912m$749m$991m−$262m$1.6bn$1.6bn$2.2bn$1.1bn$5.6bn$5.6bn$4.8bn$4.8bn
Enterprise value$4.5bn$4.2bn$4.8bn$4.4bn$3.8bn$4.8bn$5.8bn$3.7bn$7.7bn$6.9bn$11.0bn$14.9bn
Multiples
Price / sales 2.6x2.2x2.4x2.2x1.0x1.7x1.5x1.0x0.5x0.3x1.3x2.2x
Price / earnings 167.1x143.4x———n/m—2.4x————
Price / free cash flow ————————3.1x1.5x3.9x6.3x
EV / EBITDA 19.4x17.5x40.9x21.7x11.9x16.7x19.7x14.6x—7.4x9.6x13.3x

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

19 /100

Weak moat

How hard Viasat's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -0.5% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1.8%; its worst year was -17.0%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -9.7% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 97.2% over five years; stock-based pay has been a median 3.6% 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 (24 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 5, 2026, after the close. Analysts expect revenue of $1.2bn and EPS of −$0.01 (range −$0.05 to $0.04) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.09 −91% $4.9bn +5%
Next $0.17 +77% $5.1bn +5%

Next year's EPS estimate has moved −58.7% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.10 $0.17 +79.0%
Mar 2026 $0.32 −$0.02 −106.2%
Dec 2025 $0.24 $0.79 +228.5%
Sept 2025 −$0.06 $0.09 +250.0%

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

Analyst recommendations

11 analysts, Oct 2026
Buy982%
Hold218%
Sell00%

Monthly trend

  1. Oct 202636211
  2. Sep 202636211
  3. Aug 202636211

Counts of recommendations published by analysts covering Viasat Inc, 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
10.1%
of tradable shares
Days to cover
7.1
at average volume
Short interest, 1 month
+9%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
4.9%
of shares
Employees
7,000
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +86.1%

$39.82 on October 31, 2025 to $74.11

ThenNowEffect
Revenue (last 12 months) $4.6bn $4.6bn +1.3%
P/S multiple 1.1x 2.2x +92.7%
Share count 130m 136m −4.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
VSAT+36%−29%−12%−70%+305%+115%
Industry peers (median)+17%−18%−12%+33%+1%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
VSAT67%50%50%17%58%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
VSAT−37%−49%−67%−76%−35%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 93% from May 24, 2019 to November 19, 2024. Getting back needed a 1280% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$30.35 – $89.81
From 52-week high
−17.5%
vs 50-day average
+5.5%
vs 200-day average
+15.8%
Volatility (1 year)
81%
Beta vs S&P 500
3.31

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.

Share price after results

Next day
6 up, 6 down
typical move ±14.4%
After a week
5 up, 7 down
typical move ±12.7%
After a month
6 up, 6 down
typical move ±17.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −0.3% +1.6% +4.0% −14.0%
May 28, 2026 −5.8% +0.8% −14.8% −10.4%
February 5, 2026 +5.1% +0.6% +17.5% +15.9%
November 7, 2025 +4.2% +1.7% +1.6% +1.8%
August 5, 2025 +37.2% +0.3% +27.1% +48.4%
May 20, 2025 −6.5% −2.0% −13.7% +20.4%
February 6, 2025 +23.3% −0.6% 0.0% +4.3%
November 6, 2024 −9.7% +3.3% −24.8% −16.2%
August 7, 2024 +39.6% +1.6% −4.4% −2.6%
May 21, 2024 −18.8% 0.0% −18.5% −30.7%
February 6, 2024 −14.8% +1.1% −13.1% −12.0%
November 8, 2023 +7.7% −0.7% +13.3% +37.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Viasat Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

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) Viasat Inc
$3B $3.5B $4B $4.5B $5B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $3.3B Revenue (TTM), FY24 Q3: $3.8B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.6B Revenue (TTM), FY25 Q2: $4.5B Revenue (TTM), FY25 Q3: $4.5B Revenue (TTM), FY25 Q4: $4.5B Revenue (TTM), FY26 Q1: $4.6B Revenue (TTM), FY26 Q2: $4.6B Revenue (TTM), FY26 Q3: $4.6B Revenue (TTM), FY26 Q4: $4.6B Revenue (TTM), FY27 Q1: $4.6B $4.6B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $3.3B
FY24 Q3 $3.8B
FY24 Q4 $4.3B
FY25 Q1 $4.6B
FY25 Q2 $4.5B
FY25 Q3 $4.5B
FY25 Q4 $4.5B
FY26 Q1 $4.6B
FY26 Q2 $4.6B
FY26 Q3 $4.6B
FY26 Q4 $4.6B
FY27 Q1 $4.6B
Revenue growth, TTM YoY Viasat Inc
-20% 0% 20% 40% 60% 80% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 34.5% Revenue growth, TTM YoY, FY24 Q3: 52.2% Revenue growth, TTM YoY, FY24 Q4: 67.6% Revenue growth, TTM YoY, FY25 Q1: 67.7% Revenue growth, TTM YoY, FY25 Q2: 36.3% Revenue growth, TTM YoY, FY25 Q3: 19.0% Revenue growth, TTM YoY, FY25 Q4: 5.5% Revenue growth, TTM YoY, FY26 Q1: -1.4% Revenue growth, TTM YoY, FY26 Q2: 1.2% Revenue growth, TTM YoY, FY26 Q3: 2.1% Revenue growth, TTM YoY, FY26 Q4: 2.7% Revenue growth, TTM YoY, FY27 Q1: 1.3% 1.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 34.5%
FY24 Q3 52.2%
FY24 Q4 67.6%
FY25 Q1 67.7%
FY25 Q2 36.3%
FY25 Q3 19.0%
FY25 Q4 5.5%
FY26 Q1 -1.4%
FY26 Q2 1.2%
FY26 Q3 2.1%
FY26 Q4 2.7%
FY27 Q1 1.3%
Operating margin (TTM) Viasat Inc
-30% -20% -10% 0% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: -28.6% Operating margin (TTM), FY24 Q3: -25.3% Operating margin (TTM), FY24 Q4: -20.8% Operating margin (TTM), FY25 Q1: -17.0% Operating margin (TTM), FY25 Q2: -0.2% Operating margin (TTM), FY25 Q3: 1.3% Operating margin (TTM), FY25 Q4: -2.2% Operating margin (TTM), FY26 Q1: -2.4% Operating margin (TTM), FY26 Q2: -1.1% Operating margin (TTM), FY26 Q3: -1.0% Operating margin (TTM), FY26 Q4: 2.3% Operating margin (TTM), FY27 Q1: 2.4% 2.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 -28.6%
FY24 Q3 -25.3%
FY24 Q4 -20.8%
FY25 Q1 -17.0%
FY25 Q2 -0.2%
FY25 Q3 1.3%
FY25 Q4 -2.2%
FY26 Q1 -2.4%
FY26 Q2 -1.1%
FY26 Q3 -1.0%
FY26 Q4 2.3%
FY27 Q1 2.4%
FCF margin (TTM) Viasat Inc
-30% -20% -10% 0% 10% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: -24.1% FCF margin (TTM), FY24 Q3: -5.1% FCF margin (TTM), FY24 Q4: -4.2% FCF margin (TTM), FY25 Q1: -5.4% FCF margin (TTM), FY25 Q2: -5.9% FCF margin (TTM), FY25 Q3: -4.6% FCF margin (TTM), FY25 Q4: -2.8% FCF margin (TTM), FY26 Q1: -0.6% FCF margin (TTM), FY26 Q2: 0.7% FCF margin (TTM), FY26 Q3: 11.6% FCF margin (TTM), FY26 Q4: 11.9% FCF margin (TTM), FY27 Q1: 12.5% 12.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -24.1%
FY24 Q3 -5.1%
FY24 Q4 -4.2%
FY25 Q1 -5.4%
FY25 Q2 -5.9%
FY25 Q3 -4.6%
FY25 Q4 -2.8%
FY26 Q1 -0.6%
FY26 Q2 0.7%
FY26 Q3 11.6%
FY26 Q4 11.9%
FY27 Q1 12.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/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 2010 Apr 2010 2011 Apr 2011 2012 Mar 2012 2013 Mar 2013 2014 Apr 2014 2015 Apr 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 688 802 864 1,120 1,351 1,383 1,417 1,559 1,595 2,068 2,309 1,921 2,417 2,556 4,284 4,520 4,640 4,626
EBITDA 80 123 104 114 162 263 234 237 118 202 318 285 294 254 −22 939 1,147 1,123
Operating income 43 39 2 −20 3 83 41 36 −92 −61 38 −46 −113 −156 −890 −97 108 109
Net income 31 36 7 −41 −9 40 22 24 −67 −68 −0 4 −16 1,085 −1,069 −575 −34 −29
Diluted EPS $0.89 $0.84 $0.17 −$0.94 −$0.21 $0.84 $0.44 $0.45 −$1.15 −$1.13 $0.00 $0.06 −$0.21 $14.29 −$9.12 −$4.48 −$0.25 −$0.22
Growth (year on year)
Revenue +9.5% +16.6% +7.7% +29.6% +20.7% +2.3% +2.5% +10.0% +2.3% +29.7% +11.7% −16.8% +25.8% +5.7% +67.6% +5.5% +2.7% +1.3%
EBITDA +27.7% +52.9% −15.6% +9.7% +42.7% +61.8% −10.8% +1.3% −50.1% +70.5% +57.8% −10.4% +3.3% −13.8% −108.7% — +22.1% +20.3%
Operating income −2.9% −8.7% −94.4% — — — −50.5% −11.3% −352.9% — — — — — — — — —
Net income −18.8% +16.0% −79.2% — — — −46.1% — — — — — — — −198.5% — — —
Diluted EPS −25.8% −5.6% −79.8% — — — −47.6% — — — — — — — −163.8% — — —
Margins
EBITDA margin 11.7% 15.3% 12.0% 10.2% 12.0% 19.0% 16.5% 15.2% 7.4% 9.8% 13.8% 14.8% 12.2% 9.9% −0.5% 20.8% 24.7% 24.3%
Operating margin 6.3% 4.9% 0.3% −1.8% 0.2% 6.0% 2.9% 2.3% −5.8% −2.9% 1.7% −2.4% −4.7% −6.1% −20.8% −2.2% 2.3% 2.4%
Net margin 4.5% 4.5% 0.9% −3.7% −0.7% 2.9% 1.5% 1.5% −4.2% −3.3% −0.0% 0.2% −0.6% 42.4% −25.0% −12.7% −0.7% −0.6%
Free-cash-flow margin −3.2% −4.8% −7.4% −7.5% −7.6% −1.2% −5.7% −6.6% −9.6% −15.0% −11.1% −5.2% −17.9% −27.7% 16.1% 20.1% 34.3% 34.4%
Cash flow
Cash from operations 113 170 141 92 205 350 297 411 359 328 437 727 506 368 688 908 1,590 1,592
Capital spending 135 208 205 176 308 366 378 515 512 637 694 827 938 1,077 0 0 0 0
Free cash flow −22 −39 −64 −84 −102 −17 −81 −103 −153 −309 −257 −100 −433 −709 688 908 1,590 1,592
Stock-based pay 12 17 21 27 34 39 48 56 69 80 87 85 87 84 84 80 81 96
Free cash flow after stock pay −34 −56 −85 −112 −136 −56 −128 −159 −222 −389 −344 −185 −519 −794 605 828 1,509 1,496
Balance sheet
Cash 90 40 173 106 58 52 42 130 71 262 304 296 310 1,349 1,901 1,612 1,747 1,736
Total debt 60 335 550 589 692 807 954 879 1,062 — 1,873 1,855 2,524 2,490 7,476 7,204 6,585 6,571
Net debt (negative = net cash) −30 295 377 483 633 754 912 749 991 −262 1,569 1,559 2,214 1,141 5,575 5,592 4,838 4,835
Diluted shares 35m 43m 44m 44m 46m 48m 49m 53m 58m 60m 62m 66m 73m 76m 117m 128m 135m 136m
Returned to shareholders
Buybacks 10 6 7 — — — — — — — — — — — — — — —
Total returned 10 6 7 — — — — — — — — — — — — — — —

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

2 of 7 checks passed · June 30, 2026
What it owns · $15.1bn
Short-term assets $3.1bnLonger-term assets $12.0bn
What it owes, and who funded it · $15.0bn
Short-term liabilities $1.9bnLonger-term liabilities $8.5bnShareholders' equity $4.6bn
  • Short-term assets cover short-term liabilities $3.1bn of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.1bn short-term assets against $8.5bn of longer-dated liabilities.
  • More cash than debt $1.7bn of cash against $6.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 139% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 82% to 139% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.6bn of operating cash flow against $6.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $109m against $342m of interest.

From Viasat Inc'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
+4.9%
year over year
R&D spending
3.8%
of revenue
Sales & admin spending
21.4%
of revenue
Days sales outstanding
59 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated VSAT CIEN FFIV UI LITE ANET Median
Revenue, last 12 months $4.6bn $6.0bn $3.3bn $3.3bn $3.0bn $10.5bn $324m
Revenue growth, last 12 months 1.3% 32.6% 9.4% 27.2% 83.2% 32.6% 11.0%
Revenue growth, 3-year average 18.8% 12.5% 5.7% 19.0% 19.5% 26.1% 4.1%
Revenue growth, latest quarter −1.2% 37.0% 10.9% 23.5% 109.3% 37.7% 12.9%
Gross margin — 44.1% 81.9% 46.2% 41.7% 63.0% 43.7%
Operating margin 2.4% 12.3% 24.5% 36.2% 17.4% 43.1% 2.2%
Operating margin, 3-year average −5.7% 7.5% 24.1% 31.5% −8.5% 42.5% −1.4%
Net margin −0.6% 10.9% 22.0% 29.3% −230.1% 38.4% −0.0%
Cash from operations / revenue 34.4% 17.5% 31.7% 28.4% 24.9% 50.3% 9.9%
Free-cash-flow margin 12.5% 13.5% 29.3% 27.8% 10.0% 48.9% 7.7%
Free-cash-flow margin, 3-year average 2.2% 11.3% 28.6% 26.5% −1.5% 47.2% 2.2%
Stock pay / revenue 2.1% 3.5% 7.6% 0.2% 5.4% 4.8% 3.9%
Change in share count 4.9% 0.1% −1.7% 0.1% 21.8% −0.3% 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 1.3% 11.3% 28 of 40
Change in growth rate Growth -1.3pp +2.0pp 32 of 40
Operating margin Profitability 2.4% 2.4% 20 of 40
Net margin Profitability -0.6% 0.6% 22 of 40
Free-cash-flow margin Cash generation 12.5% 8.2% 13 of 38
Stock pay as % of revenue Cash generation 2.1% 3.9% 11 of 37
Long-term debt as % of assets Balance sheet 38.3% 10.4% 21 of 23
Change in share count Balance sheet 4.9% 1.6% 25 of 36
Days sales outstanding Balance sheet 59 days 75 days 14 of 34

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

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Services $3.3B 70.6% ▲ 1.5%
Products $1.4B 29.4% ▲ 5.6%
Geography
Region Revenue Share YoY
United States $3.2B 68.1% ▲ 1.4%
Outside the US $1.5B 31.9% ▲ 5.5%

From Viasat Inc's 10-K filed May 29, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$12.7B
Institutions reporting
482
Shares held vs prior quarter
▲ 10.1%
Positions opened / closed
118 / 35

Top buyers and sellers, Q2 2026: 295 institutions bought and 171 sold ; the biggest buyer was Redwood Capital Management, LLC (+2.2M shares) and the biggest seller Contour Asset Management LLC (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.9B 20.7M 14.7% ▲ 0.8%
Vanguard Portfolio Management LLC $829M 9.2M 6.5% ▼ 5.4%
State Street Corp $547M 6.1M 4.3% ▲ 5.3%
Vanguard Capital Management LLC $529M 5.9M 4.2% ▲ 1.0%
American Century Companies Inc $515M 5.7M 4.1% 0.0%
Carronade Capital Management, LP $485M 5.4M 3.8% ▲ 67.2%
Dimensional Fund Advisors LP $466M 5.2M 3.7% ▲ 8.3%
Disciplined Growth Investors Inc $426M 4.7M 3.3% ▼ 16.2%
Geode Capital Management, LLC $363M 4.0M 2.9% ▲ 5.1%
Oco Capital Partners, L.P. $350M 3.9M 2.8% ▼ 13.3%
Price T Rowe Associates Inc $324M 3.6M 2.5% ▲ 13.3%
Neuberger Berman Group LLC $299M 3.4M 2.3% ▼ 29.1%

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 Viasat Inc'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 → $71.4M 63 trades by 10 insiders · 66% under pre-set plans
Net ▼ $71.4M net selling
Insider Date Trade Shares Price Value
Chase Garrett L. SVP, Chief Financial Officer October 20, 2026 Sell pre-set plan 1,000 $59.42 $59,419
Chase Garrett L. SVP, Chief Financial Officer October 20, 2026 Sell pre-set plan 3,000 $58.67 $176,011
Miller Craig Andrew SVP, Pres Viasat Government October 9, 2026 Sell pre-set plan 900 $72.79 $65,515
Miller Craig Andrew SVP, Pres Viasat Government October 9, 2026 Sell pre-set plan 5,805 $71.93 $417,536
Miller Craig Andrew SVP, Pres Viasat Government October 9, 2026 Sell pre-set plan 5,188 $71.04 $368,578
Palmer Benjamin Edward SVP, Pres Commercial October 1, 2026 Sell pre-set plan 2,000 $69.87 $139,740
Chase Garrett L. SVP, Chief Financial Officer September 21, 2026 Sell pre-set plan 2,380 $76.62 $182,356
Chase Garrett L. SVP, Chief Financial Officer September 21, 2026 Sell pre-set plan 1,620 $77.34 $125,291
Palmer Benjamin Edward SVP, Pres Commercial September 1, 2026 Sell pre-set plan 2,000 $66.75 $133,500
Stenbit John P Director September 1, 2026 Sell pre-set plan 705 $66.75 $47,059
Chase Garrett L. SVP, Chief Financial Officer August 20, 2026 Sell pre-set plan 2,040 $75.35 $153,714
Chase Garrett L. SVP, Chief Financial Officer August 20, 2026 Sell pre-set plan 1,960 $74.45 $145,922

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.

Trades by members of Congress

All 22 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 2 sales of Viasat Inc shares.

  • Jonathan L. Jackson(D-IL 1):Sale (full), $50,001 - $100,000, traded September 28, 2026, filed October 19, 2026
  • Jonathan L. Jackson(D-IL 1):Sale (partial), $1,001 - $15,000, traded August 28, 2026, filed September 3, 2026
  • Jonathan L. Jackson(D-IL 1):Purchase, $50,001 - $100,000, traded January 22, 2026, filed February 23, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 28, 2026
  • February 5, 2026
  • November 7, 2025
  • August 5, 2025
  • May 20, 2025

Recent SEC filings

Data status

When each part of this page on Viasat Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
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.

Viasat Inc in brief

What does Viasat Inc do?
Viasat Inc is a US-listed company in the communications equipment industry. Its financial year ends in March.
What is Viasat Inc's stock ticker?
Viasat Inc trades under the ticker VSAT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Viasat Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Viasat Inc reported revenue of $4.6B, 1.3% higher than a year earlier, according to its SEC filings.
What is Viasat Inc's free cash flow?
Viasat Inc's free-cash-flow margin is 12.5% of revenue over the trailing twelve months, ranking 13 of the 38 communications equipment companies we cover.
Who are Viasat Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Viasat Inc's market cap?
On November 2, 2026, Viasat Inc's market capitalisation was about $10.1B and net debt of $4.8B. Market figures come from third-party market data and may be delayed.
How much debt does Viasat Inc have?
Viasat Inc's debt-to-equity ratio is 138.8%, from its latest balance sheet (81.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Viasat Inc's competitors?
In our Communications Equipment peer group, the companies closest to Viasat Inc are Ciena, F5, Inc., Ubiquiti Inc., Lumentum and Arista Networks. The side-by-side comparison below sets their revenue, margins and growth against Viasat Inc's.
Are insiders buying or selling Viasat Inc stock?
Over the last 12 months, Viasat Inc's directors and officers reported 0 open-market purchases and 63 sales on Form 4. The insider trading page charts every trade.
When is Viasat Inc's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Viasat Inc announces its own schedule.