Viasat(NASDAQ) VSAT

**Viasat, Inc.** helps people stay connected while flying or at sea. It makes secure communication tools for governments and military teams. Its satellites provide broadband to homes without cable access.

From Flight Decks to Front Lines

• Aviation Services: High-speed in-flight connectivity for 4,630 commercial aircraft; generated part of $825.1 million in segment revenue.
• Government Satcom: Secure communication solutions for military users; provides broadband and narrowband connectivity in key world regions.
• Maritime Connectivity: Satellite-based services for 12,900 vessels; serves commercial shipping fleets and offshore energy ships.
• Fixed Broadband: High-quality internet for 115,000 U.S. subscribers; focuses on residential and business users in underserved areas.
• Defense Systems: Cybersecurity and tactical networking products; earned $331.5 million for the three months ended June 30, 2026.

Expansion and Strategic Shifts

• Sold the Link-16 tactical data link business in January 2023 for $1.96 billion in cash.
• Completed the divestiture of the energy services system integration business in December 2024.
• Sold an investment in Navarino UK in March 2026.
• Launched the ViaSat-3 F2 satellite in November 2025; commercial service is expected in September 2026.
• Received a $420 million lump sum payment from Ligado Networks in October 2025.

How Does Viasat Stand Out?

Viasat operates an end-to-end multi-band platform that includes satellites, ground infrastructure, and user terminals. It manages a fleet of 23 satellites across different orbital regimes to ensure service redundancy and global coverage.

Performance by the Numbers

• Total revenue was $1,156.5 million in the three months ended June 30, 2026, down 1% year over year.
• Communication services operating profit reached $62.4 million in the same period, up 53% year over year.
• Defense and advanced technologies segment operating profit fell 30% year over year to $49.9 million.
• Firm backlog was $4.2 billion as of June 30, 2026, with half expected for delivery within 12 months.
• Market capitalization was $12.2 billion for the first quarter of fiscal year 2026, up 543.2% year over year.

Bottom Line

Viasat has evolved from a satellite hardware manufacturer into a global connectivity service provider. Its integration of broadband, defense systems, and multi-orbit satellite fleets supports its growth in mobile and government markets.