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Gilat Satellite Networks posts 17% revenue growth, eyes $157.5M Comtech deal to boost defense business

Company Fundamentals
11 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Gilat Satellite Networks reported a 17% year-over-year revenue increase and 31% growth in adjusted EBITDA for Q2 2026, driven by a shift to higher-margin integrated solutions. The company plans to acquire Comtech for $157.5 million, which is expected to double its defense revenue, expand its technology offerings, and enable larger contract bids. Despite risks like customer concentration and geopolitical factors, Gilat is seen as undervalued compared to peers, supporting a strong buy rating.

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