VSAT Stock — Viasat Inc

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Next earnings call

Feb 4, 2027 Est · unconfirmed · in 12 wks

Q2 2027 earnings call transcript

call held Nov 5, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 6

Quarterly report 10-Q FY2027 Q2, ended Sep 30

Viasat, Space42 plan Equatys with up to $1.0 billion funding

Viasat and Space42 agreed to formally establish Equatys, a global direct-to-device connectivity platform. Each would commit $400.0 million upon formation, with potential aggregate funding of up to $1.0 billion; closing remains subject to regulatory approvals.

Revenue $1.18B ▲ 3.4% Net loss $128.66M Diluted EPS -$0.93

Read from the MD&A section

3 source passages

In September 2026, we entered into a subscription agreement with Space42 to formally establish Equatys, a shared space and ground infrastructure platform for global direct-to-device and advanced mobile satellite service connectivity. Upon the formation of Equatys, Space42 and Viasat will each make an equity commitment to contribute $400.0 million to Equatys, which is expected to be increased by an additional $200.0 million from Space42 in connection with a potential future equity funding round with one or more third-party investors, which is expected to increase the total equity funding commitments of Viasat and Space42 to up to $1.0 billion in the aggregate. The closing of the transaction is subject to customary closing conditions, including regulatory approvals and the appointment of Viasat as the prime technology contractor. Open the document at this passage

Nov 5

Earnings call

Viasat targets DAT growth and improving cash flow

Viasat expects fiscal 27 free cash flow above $225 million and DAT revenue growth in the mid-teens or better. Second-quarter revenue was $1.2 billion, backlog was $4.2 billion, and free cash flow was $78 million.

6 source passages

For fiscal 27, we now expect more than $225 million of free cash flow, while managing capital expenditures to about $850 to $900 million. For the full year, we expect DAT mid-teens or better revenue growth with a sustained multi-year revenue growth outlook driven by firm backlog, an inventory of IDIQ contract vehicles, and a very attractive new business pipeline. Revenue was $1.2 billion, up 3%, with a 3% decline in communication services and 20% growth in DAT. Backlog was $4.2 billion, an increase of 7% with growth in both segments, but led by 20% growth at DAT. Free cash flow is solid as we generated $78 million, up 14%, driven by operating cash flow of $285 million, up 1%, and capital expenditures of $207 million, down 3%. We're excited about the service entry of Viasat 3 Flights 2 and 3. Open the document at this passage

Nov 5

Current report 8-K

Revenue rose 3%, but net loss widened to $129 million

Viasat reported Q2 FY2027 revenue of $1.2 billion, up 3% year-over-year, but a $129 million net loss versus $61 million a year earlier. Free cash flow rose 14% to $78 million, while Defense and Advanced Technologies revenue increased 20%.

Financial results Read from the first part of this long document

5 source passages

For Q2 FY2027, we reported a net loss1 of $129 million, which was a decline compared to a net loss of $61 million in Q2 FY2026. Revenue for Q2 FY2027 was $1.2 billion, representing a 3% yearover- year (YoY) increase. In Q2 FY2027, we generated $78 million in Free Cash Flow3, an increase of 14% YoY, and $198 million for the twelve months ended September 30, 2026 excluding non-recurring items (see page 6). Defense and Advanced Technologies revenues increased 20% YoY, reflecting strong growth in information security and cyber defense and tactical networking product revenue, and an increase in segment service revenue. Viasat ended Q2 FY2027 with $2.9 billion in available liquidity, consisting of $1.76 billion in cash and cash equivalents and $1.15 billion of borrowing capacity across our two undrawn revolving credit facilities. Open the document at this passage

Nov 4

Current report 8-K Events of Nov 3

Other events AI summary on its way

Sep 4

Current report 8-K Events of Sep 3

Shareholder vote results AI summary on its way

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$4.66B

Trailing 12 months

Net income (TTM)

−$96.60M

Trailing 12 months

Revenue growth YoY

+3.4%

Year over year

Operating margin

1.7%

Trailing 12 months

P / E (TTM)

—

Trailing earnings

FCF yield

—

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

−$4.68B

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+2.6%

Year over year · more shares

Price change (1Y)

+89.3%

Trailing year

Short interest

9.6%

Latest settlement · 5.3 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▼0.4% $1.12B −$158.41M '25 Q3 ▼0.3% $1.15B −$246.05M '25 Q4* ▲4% $1.17B −$56.43M '26 Q1 ▲1.7% $1.14B −$61.44M '26 Q2 ▲3% $1.16B $24.97M '26 Q3 ▲2.1% $1.17B $58.82M '26 Q4* ▼1.2% $1.16B −$51.74M '27 Q1 LATEST ▲3.4% $1.18B −$128.66M '27 Q2

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q1 FY27 earnings call · Aug 4, 2026

Q1 FY27

TL;DR. Viasat reported Q1 FY27 revenue down 1% YoY to $1.16 billion and Adjusted EBITDA down 7% to $381 million, while new awards grew 10% to $1.30 billion and backlog grew 19% to $4.22 billion led by a 22% jump in DAT awards; VS-3 F2 deployments completed with F3 entering IOT, and FY27 guidance was reiterated (mid-single-digit revenue growth, Adjusted EBITDA flat to up slightly, ~$180M free cash flow, $950M-$1B capex).

Bullish

+ Total backlog grew 19% YoY to a record $4.22 billion, with DAT backlog up 32% to a record $1.4 billion.
+ DAT awards rose 22% YoY to a record $524 million, driven by 248% growth in space and mission systems awards and 70% growth in tactical networking.
+ VS-3 F2 deployments completed with F3 entering IOT, both expected to enter service by August-September 2026.
+ Net leverage ratio improved 0.4x to 3.2x, and free cash flow grew 19% YoY to $72 million excluding non-recurring items.
+ Viasat secured the next phase of the PTS-G program under a $4B IDIQ ceiling and demonstrated the first integrated automotive satellite-enabled voice call with BMW.

Bearish

− Adjusted EBITDA fell 7% YoY to $381 million, with DAT segment Adjusted EBITDA down 20% YoY to $70 million.
− U.S. fixed broadband revenue declined 27% YoY on continued subscriber declines, ending with 115,000 subscribers at $111 ARPU.
− Space emission systems revenue declined 24% YoY and InfoSec and CyberDefense product revenues declined 8% YoY on timing of deliveries.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Buy Momentum Neutral Sentiment Bearish Fundamentals Strong Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +4%

above

Price vs 50-day avg −4%

below

RSI (14) 48

neutral

MACD trend Positive

52-week position 63%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Neutral

1-month return +15%

trailing

6-month return −17%

trailing

YTD return +97%

this year

Relative strength −17%

vs S&P · 6-mo

Sentiment

smart money

Bearish

Trend (MA cross) No cross

50d $70 › 200d $65 — 50d above 200d

Institutional flow Distributing

422 of 502 funds reported for Sep 30 · net -2.4M sh shares · +54 new

Insider flow Distributing

Net -$3.1M over 90 days · 100% sells

Short interest Rising

9.58% of shares out · ▲ +11.2% MoM · 5.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

502 holders — near 3-yr high, broad support

Squeeze score 69

elevated · 0–100

Fundamentals

Strong

Revenue growth +3%

Y/Y

EPS growth +94%

Y/Y

Free cash flow $512.9M

Balance sheet $4.7B

net debt

Quant / Vol

risk profile

Very High

Volatility 84%

annualized · 1-yr

Max drawdown −35%

past year

ATR 8.6%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Aug 4, 2026

Capital expenditures · FY2027 Maintained $950M – $1B

May 28, 2026 $950M – $1B Aug 4, 2026 $950M – $1B

Inmarsat related capital expenditures · FY2027 $250M – $300M

Free cash flow · FY2027 Non-GAAP Maintained $180M

May 28, 2026 $180M Aug 4, 2026 $180M

Previous outlook earlier release · from the Earnings Call filed May 28, 2026

Still-open targets the latest release did not restate under the same label.

Viasat-3 CapEx · fiscal 27 $50M

Guided vs delivered · last 1 settled

FY2024 actual revenue FY2024

guided $4.1B – $4.25B

guided $4.1B – $4.25B $4.28B Beat +2.6%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

0 · 5 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+4% Bullish

Price vs 50-day avg

−4% Neutral

RSI (14)

48 Neutral

MACD trend

Positive Bullish

52-week position

63% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 3 of 6

Trend (MA cross) No cross

50d $70 › 200d $65 — 50d above 200d

Institutional flow Distributing

422 of 502 funds reported for Sep 30 · net -2.4M sh shares · +54 new

Insider flow Distributing

Net -$3.1M over 90 days · 100% sells

Short interest Rising

9.58% of shares out · ▲ +11.2% MoM · 5.3 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

502 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $30 Now $68 · 63% Range high $90

vs 200-day avg +4% vs 50-day avg -4%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Total new awards	$1.3B	the three months ended June 30, 2026 filing	—
Adjusted EBITDA non-GAAP	69.9M	Q1FY27 (Defense and Advanced Technologies segment)	—
Adjusted EBITDA - Communication Services segment non-GAAP	311.29M	three months ended June 30, 2026	—
Adjusted EBITDA - Defense and Advanced Technologies segment non-GAAP	69.85M	three months ended June 30, 2026	—
Awards for the quarter	1.3B	Q1 FY2027	—
Backlog	4.22B	Q1FY27	—
Backlog increase compared to prior year	19%	Q1 FY2027	—
Business aircraft in service	2,080	end of Q1 FY2027	—
Commercial aircraft in service	4,530	end of Q1 FY2027	—
Defense and Advanced Technologies backlog	$1.4B	Q1 FY2027	—
Free Cash Flow non-GAAP	$189M	twelve months ended June 30, 2026	—

Free Cash Flow excluding non-recurring items non-GAAP	$72M	Q1 FY2027	—
Maritime vessels	12,900	end of Q1 FY2027	—
Net debt non-GAAP	4.83B	as of June 30, 2026	—
Net leverage ratio non-GAAP	3.2	as of June 30, 2026	—
New contract awards	523.9M	Q1FY27 (Defense and Advanced Technologies segment)	—
Non-GAAP diluted net income (loss) per share attributable to Viasat, Inc. common stockholders non-GAAP	$0.17	three months ended June 30, 2026	—
Non-GAAP net income (loss) non-GAAP	24.5M	Q1FY27	—
Non-GAAP net income (loss) attributable to Viasat, Inc. non-GAAP	24.51M	three months ended June 30, 2026	—
Total available liquidity	$2.9B	Q1 FY2027	—
Total backlog	$2.8B	Q1 FY2027	—
U.S. fixed broadband average revenue per user	$111	end of Q1 FY2027	—
U.S. fixed broadband subscribers	115,000	end of Q1 FY2027	—
Funded development revenues as a percentage of total revenues	11%	fiscal year 2026 filing	—
IR&D expenses as a percent of total revenues	4%	fiscal year 2026 filing	—
Revenues from the U.S. Government as a percentage of total revenues	16%	fiscal year 2026 filing	—
Total new awards in our defense and advanced technologies segment	1.6B	fiscal year 2026 filing	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Communication Equipment — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
VSAT Viasat Inc this stock	$9.43B	+96.5%	+2.7%	—	9.6%
CSCO Cisco Systems, Inc.	$377.07B	+24.2%	+2.8%	28.7	1.5%
MSI Motorola Solutions, Inc.	$87.83B	+38.6%	+5.7%	42.8	2.1%
HPE Hewlett Packard Enterprise Co	$64.10B	+101.0%	+13.8%	24.9	3.5%
LITE Lumentum Holdings Inc.	$54.11B	+61.9%	+24.6%	—	8.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

508

% held: 110.0%
Reported: 422 of 502
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

426

View

Short & Settlement

Short Interest Rising

Shares short

13.3M

Days to cover: 5.3d
Change: +1.3M sh

View

Short Volume

Short vol %

65%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

912

Value: $61.7K
As of: Oct 13, 2026

View

Off-Exchange

Off-exchange %

46.6%

Week of: Oct 5, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$3.1M

Buyers / Sellers: 0 / 2

Buyers Sellers

View

Congressional Trades Sell

Member

Jonathan Jackson

Amount: $50.0K–$100.0K
Traded: Sep 28, 2026

View

Financials

Revenue (FY)

$4.6B

Net income (FY): $-34.1M
EPS diluted: $-0.25

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 6, 2026
This year: 15

Viasat and Space42 agreed to formally establish Equatys, a global direct-to-device connectivity platform. Each would commit $400.0 million upon formation, with potential aggregate funding of up to $1.0 billion; closing remains subject to regulatory approvals.

View

Proposed Sales

Value

$2.8M

Shares: 37.5K
Filed: Nov 10, 2026

View

Exempt Offerings

Offering

$175.0M

Filed: Aug 3, 2020

View

Earnings & Events

Webcasts

Last webcast

Nov 5, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
VSAT	+5.9%	+15.1%	-16.8%	-12.1%	+96.5%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	+3.3%	+16.3%	-17.3%	-11.9%	+85.9%

VSAT · Viasat Inc

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance