Viasat, Inc. (VSAT) Earnings Call Transcripts

Viasat, Inc.'s Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal year 2026, Viasat, Inc. (VSAT:US) reported revenue of $1.2 billion, a 2% increase year-over-year, and net income of $59 million, a significant improvement due to a gain from the sale of an equity investment. The company generated nearly $600 million in free cash flow for the fiscal year, indicating strong cash generation capabilities. Management provided guidance for fiscal year 2027, expecting mid-single-digit revenue growth, with Communication Services projected to grow in the low single digits and Defense & Advanced Technologies (DAT) in the mid-teens, signaling a cautious yet optimistic outlook amidst competitive pressures.

Reported metrics

Guidance from management

Management expects mid-single-digit revenue growth for fiscal year 2027, with Communication Services growth in the low single digits and DAT growth in the mid-teens. Adjusted EBITDA is expected to be flat to up slightly, with some headwinds identified.

What management said

They're being made now. And I think what Space42 has recently disclosed, and we support that, is there should be a follow-on our investor conference that we'll have that will just focus on Equatys so that we can answer these more detailed questions. But we're just waiting for -- to finalize all of the associated basic agreements before we do that, before we disclose those details. But we do have. But obviously -- I ...

Sebastiano, I think you also had a question on backlog. But before we get to it, just to clarify on Equatys, we're obviously still in an active discussion. We don't want to be negotiating that in the public. What we have said is well, we also want to avoid reading too much into snippets. When -- as Mark described, when we're ready, we'll provide a full picture that will give you a good sense of it. What we have sai...

What analysts pressed on

Analysts expressed concerns regarding the competitive pressures in the aviation segment and the ongoing challenges in the fixed broadband business. There were questions about the timeline for Equatys and how Viasat plans to manage its spectrum effectively amidst increasing competition.

Main topics on the call

• Revenue Growth and Performance — Viasat's revenue for Q4 was $1.2 billion, reflecting a 2% year-over-year increase, driven by a 12% growth in the DAT segment, although partially offset by a 2% decline in Communication Services. Management noted, 'Awards...
• Free Cash Flow Generation — The company generated approximately $600 million in free cash flow for fiscal year 2026, with positive free cash flow in each of the last five quarters. Management emphasized, 'We achieved this while still investing for ...
• Guidance for Fiscal Year 2027 — Management expects mid-single-digit revenue growth for fiscal year 2027, with Communication Services growth in the low single digits and DAT growth in the mid-teens. They noted, 'We expect our adjusted EBITDA to be flat ...
• Strategic Initiatives and Partnerships — Viasat announced a cooperation agreement with Carronade Capital Management and highlighted ongoing fleet expansions and the development of the Equatys initiative for shared multi-tenant infrastructure. Management stated,...

Read the full Viasat, Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Viasat, Inc. earnings call transcripts on record, spanning January 7, 2020 to August 4, 2026. Based on this history, Viasat, Inc. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VSAT

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Communications Equipment

Calls on record

40

First call

January 7, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly