---
title: "Viasat Q3 2026 Earnings: Revenue up 3% to $1.18B"
description: "Viasat revenue rose 3% to $1.18B in its fiscal second quarter as Defense and Advanced Technologies grew 20%, while the net loss widened to $128.7M from $61.4M"
url: https://www.orbitalpha.cloud/results/vsat-q3-2026
updated: 2026-11-05
---

# Viasat Q3 2026 results
Updated 5 Nov 2026 from live prices and SEC filings
Viasat revenue rose 3% to $1.18B in its fiscal second quarter as Defense and Advanced Technologies grew 20%, while the net loss widened to $128.7M from $61.4M. Adjusted EBITDA fell 4% to $370M and free cash flow was $78M.

Viasat ([VSAT](https://www.orbitalpha.cloud/stocks/vsat)) reported results for the three months to 30 September 2026 (Viasat's second quarter of fiscal 2027) on 5 Nov 2026. Revenue up 3% to $1.18B, net loss widens to $129M.

## The numbers
| Measure | Q3 2026 | Change |
|---|
| Revenue | $1.18B | +3% (from $1.14B) |
| Communication Services revenue | $815M | -3% |
| Defense and Advanced Technologies revenue | $365M | +20% |
| Operating income | $7.1M | from $35.8M |
| Net loss | $128.7M | from $61.4M |
| Adjusted EBITDA | $370M | -4% (from $385M) |
| Free cash flow | $78M | +14% |
| Capital expenditure | $207M | -3% |
| New contract awards | $1.1B | -24% |
| Total backlog | $4.17B | from $3.89B |
| Cash and equivalents | $1.76B | from $1.75B at 31 March 2026 |
| Net debt | $4.8B | down about $700M |
| Net leverage | 3.2x | from 3.5x |

## What stood out
- ViaSat-3 Flight 2 and Flight 3 both entered service, covering the Americas and Asia-Pacific.
- Defense and Advanced Technologies backlog reached a record $1.4B, up 20%, with record information security and cyber defence product revenue of $121M and record tactical networking product revenue of $97M.
- Signed a binding agreement with Space42 to set up Equatys, a shared direct-to-device satellite network, with up to $1B in combined equity commitments.
- Awards fell 24% because the year-earlier quarter included the $234M SouthPAN award.
- Commercial aviation ended the quarter with about 4,490 aircraft in service, up 6%.

## Outlook
Viasat still expects mid-single-digit revenue growth in fiscal 2027 but now sees adjusted EBITDA about flat. It expects capital expenditure of $850M to $900M and free cash flow of more than $225M.

## How the shares reacted
Results came after the close on 5 November, when the shares had ended down 11.1% at $59.38. In after-hours trading at 18:03 New York time they were at $58.60, down 1.3%.

## More on Viasat
- [VSAT stock: live price, filings, insider trades and contracts](https://www.orbitalpha.cloud/stocks/vsat)
- [Chart VSAT on TradingView ($15 off a paid plan)](https://www.tradingview.com/chart/?symbol=VSAT&aff_id=1173251&aff_sub=VSAT&source=orbitalpha)
- [All space stock results](https://www.orbitalpha.cloud/results)
- [Space stocks earnings calendar](https://www.orbitalpha.cloud/space-stocks/earnings-calendar)

## Sources
- [Viasat Q2 FY27 Shareholder Letter, Exhibit 99.2 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/797721/000119312526449775/d179648dex992.htm)
- [Viasat Form 8-K, 5 November 2026 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/797721/000119312526449775/0001193125-26-449775-index.htm)
- [Viasat Releases Second Quarter Fiscal Year 2027 Financial Results (GlobeNewswire via Yahoo Finance)](https://finance.yahoo.com/technology/articles/viasat-releases-second-quarter-fiscal-210500002.html)
- [ViaSat: Fiscal Q2 Earnings Snapshot (Associated Press)](https://www.ctpost.com/business/article/viasat-fiscal-q2-earnings-snapshot-22515189.php)

Figures as reported by the company; changes are against the same quarter a year earlier unless stated. Orbit Alpha is information, not investment advice.
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