Viasat <\/b>posted $1.1 billion in sales in the second quarter of its fiscal year 2026, up 2% year-over-year, driven by growth in the defense segment. Viasat held its Q2 results on Friday Nov. 7, while it awaits the second ViaSat-3 satellite launch, after United Launch Alliance (ULA) scrubbed the launch twice last week. <\/p>\n
On a Friday call with investors, Viasat CEO Mark Dankberg indicated the launch could take place around this Friday. <\/p>\n
Viasat\u2019s Defense and Advanced Technologies (DAT) segment drove growth in Q2 with a 3% year-over-year revenue increase to $304 million. DAT backlog increased to a record of $1.2 billion, up 31% year-over-year and up 14% sequentially.<\/p>\n
Dankberg told investors that DAT demand is being driven by trends like a reliance on space-based assets for national security purposes, and demand for highly resilient communications that integrate both terrestrial and satellite and multi-domain operations. <\/p>\n
CFO Garrett Chase told investors he doesn\u2019t see the U.S. government shutdown as having a \u201cmajor impact\u201d to Viasat\u2019s results, he estimated it could delay awards for the DAT segment of up to $100 million and impact DAT adjusted EBITDA by up to $20 million.<\/p>\n
Viasat has a strategic review underway, which Dankberg said includes the potential to separate out Viasat\u2019s commercial and government businesses. An investor group recently argued that Viasat\u2019s defense business is undervalued. <\/p>\n
Viasat\u2019s Commercial Services business grew revenue 1% year-over-year to $837 million. Aviation and Government Satcom grew revenue, while Maritime revenue dipped and Fixed Services declined nearly 16% year-over-year. <\/p>\n
Aviation revenue grew 15% as Viasat brought around 200 commercial aircraft into service during the quarter, combined with higher average revenue per aircraft. Viasat reported that Q2 was the strongest quarter of aircraft installations since the fourth quarter of fiscal year \u201824. <\/p>\n
Company-wide, backlog at the end of the quarter was $3.9 billion, up about $140 million despite Viasat selling an energy system integration business last year, which reduced backlog by $106 million. Net loss was $61 million, an improvement of $76 million in the same time last year. <\/p>\n
With EchoStar\u2019s recent spectrum sales to SpaceX and reports that Globalstar is considering a sale, Dankberg was asked about Viasat\u2019s spectrum position. <\/p>\n
He sees the company\u2019s spectrum as put to good use providing critical services in maritime, aviation, and land mobile, with the particular benefit of it being high-priority, global spectrum. Dankberg talked about how Viasat plans to evolve its services. <\/p>\n
\u201cWhat we\u2019re looking at is a combination of evolving those services to fulfill the demands of the aviation industry and the maritime industry, while also being able to support the network standards that enable this large potential direct-to-device market,\u201d Dankberg said. <\/p>\n
Dankberg added he sees the applications that will drive these use cases as largely in autonomy \u2014 vehicular autonomy, aeronautical autonomy, maritime autonomy. \u201cMore edge-based AI applications that all those things are going to leverage both terrestrial mobility where available as well as space,\u201d he said. <\/p>\n","protected":false},"excerpt":{"rendered":"
Viasat posted $1.1 billion in sales in the second quarter of its fiscal year 2026, up 2% year-over-year, driven by growth in the defense segment. Viasat held its Q2 results on Friday Nov. 7, while it awaits the second ViaSat-3 satellite launch, after United Launch Alliance (ULA) scrubbed the launch twice last week. On a […]<\/p>\n","protected":false},"author":1,"featured_media":48081,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-48080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/48080"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=48080"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/48080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/48081"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=48080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=48080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=48080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}