Key Highlights

  • Gilat Satellite Networks (NASDAQ:GILT) finished Tuesday, November 10, 2026 at USD 6.12, a fall of 19.26% from a calculated prior close of USD 7.58, which placed it near the bottom of a published screener snapshot of 4,625 names.
  • Third quarter Revenue came to USD 116.2 million, about 1.2% under the USD 117.7 million of a year earlier and short of a consensus of USD 126.2 million; non-GAAP diluted EPS was USD 0.18 against an expected USD 0.17.
  • Management lowered 2026 revenue guidance to USD 455 million to USD 475 million from USD 500 million to USD 520 million, and put adjusted EBITDA guidance at USD 61 million to USD 63 million.
  • Trading reached 1.54 million shares at a relative Volume of 1.31, alongside a Market Value of USD 471.42 million, trailing diluted EPS of USD 0.44 and a P/E of 14.03.

What Pulled Gilat Satellite Networks Lower on November 10 (-19.26%)

The satellite communications company published third quarter 2026 results on Tuesday, November 10, 2026, and the stock closed at USD 6.12, off 19.26%. Basic arithmetic gives a calculated prior close of USD 7.58 for Monday, November 9, 2026, a loss of USD 1.46 per share. Revenue of USD 116.2 million slipped about 1.2% from USD 117.7 million and trailed the consensus of USD 126.2 million by roughly USD 10.0 million (calculated). Profitability moved the other way: adjusted EBITDA grew 13% to USD 17.6 million, a Margin near 15%, and non-GAAP Net Income climbed 21% to USD 14.3 million. Non-GAAP gross margin stood at about 35.8%; GAAP diluted EPS was USD 0.11 against USD 0.14.

Why It Happened: A Guidance Cut Despite Better Margins

The trigger was the revenue outlook. The 6-K shows 2026 revenue guidance of USD 455 million to USD 475 million, and its midpoint of USD 465 million sits about 8.8% under the earlier midpoint of USD 510 million (calculated). The prior range of USD 500 million to USD 520 million had held steady through earlier calls, and with first-half revenue at USD 233.1 million, that range depended on a back-loaded fourth quarter. Adjusted EBITDA guidance is USD 61 million to USD 63 million. Cash, cash equivalents and short-term deposits reached USD 260 million at September 30, 2026, up from USD 159 million at June 30, helped by about USD 99 million in net proceeds from USD 100 million of convertible notes. The pending Comtech deal still needs regulatory review.

Valuation, Liquidity and Risks Around Gilat Satellite Networks

At USD 6.12 and trailing diluted EPS of USD 0.44, the P/E is 14.03, with EPS growth of +11.19% and a 0.00% dividend yield. The market value of USD 471.42 million can be set against USD 260 million of cash, although the convertible notes add debt. Trading of 1.54 million shares was 1.31 times the recent average, a mid-sized liquidity picture. Risks include slower growth than expected, uneven defense and in-flight connectivity orders, margin swings, currency effects from the shekel and the timing of regulatory approval for the Comtech deal. Nothing here suggests the move will continue; a repricing on results day can reverse or extend.

Where Things Stand

Gilat Satellite Networks (NASDAQ:GILT) lost 19.26% on November 10, 2026 as third quarter revenue of USD 116.2 million missed consensus and 2026 revenue guidance fell to USD 455 million to USD 475 million, even though margins and EBITDA improved. The close was USD 6.12 against a calculated USD 7.58 the day before. Canadian investors following the name will watch fourth quarter orders and cash use.