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Friday 6 November 2026 Export VSAT’s income statement to Excel — free account

Viasat Inc.

VSAT Technology Communication Equipment

Viasat Inc.’s revenue for fiscal 2026 (year ended March 2026) was $4.6 billion, up 2.67% from fiscal 2025.

Revenue
−1.24%
EPS
+11.6%
Free cash flow
−31.1%
Total debt
−2.16%

Quarter to June 2026, against a year earlier

65.69 6.31 +10.63%
Market cap
$8.2B
P/E
0.0×
Fwd P/E
−61.5×
Dividend yield
—
F-score
6/9
Altman Z
0.79
Beneish M
−2.87
Dividend safety
31/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2020

  • Government Systems
  • Satellite Services
  • Commercial Networks

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 72.76
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 3 1 4 1 1 7 3 6 1 3 2
Insider Ownership 4.49%

Capital & Financial Ratios $m

Size
Market Cap 8,180.00
Revenue ttm 4,625.77
Net income ttm 8.86
Free cash flow ttm 578.29
Net debt Q 4,706.58
Valuation
P/E 0.00
Forward P/E (61.50) (negative: loss-making)
Price / sales 1.78
Forward P/S Powerpack
Price / FCF 23.39
Price / book 1.75
Financial health
Current ratio Q 1.68 (at or above 1.5: strong)
Debt / equity Q 1.37
Interest coverage Q 0.57
Growth
Revenue growth Q −1.24% (below 0%: shrinking)
Operating income growth Q +1.36% (above 0%: growing)
EPS, this year −545.33% (below 0%: weak)
EPS, next year A −6.18% (below 0%: weak)
Revenue, next year A +4.52%
EPS, past 5 yrs —
EPS, next 5 yrs A −21.31% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 2.5×; over the ten years it ranged from 1.4× in 2024 to 3.7× in 2026.
P/S against its own 10 years 54.42%
10-year low 10-year high
P/B against its own 10 years 56.69%
10-year low 10-year high
EV/Sales against its own 10 years 67.69%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,901 1,612 1,747 1,736
Receivables 678 700 753 744
Inventory 318 294 281 294
Other — — — —
3,479 2,888 3,124 3,105
2024 2025 2026 Q'26
Payables 287 264 288 289
ST’ Debt 58 504 58 662
Other — — — —
1,296 1,677 1,297 1,853

Compound Annual Growth %

10y 5y 3y
Sales 12.59% 19.29% 21.99%
Cash Flow 18.27% 16.93% 62.89%
Earnings 0.00% 0.00% 0.00%
Book Value 15.35% 14.65% 7.00%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.10 Actual 0.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 −0.11 0.09 Beat by 0.20
Q3 FY26 0.05 0.79 Beat by 0.74
Q4 FY26 0.25 −0.02 Miss by 0.27
Q1 FY27 0.10 0.17 Beat by 0.07
Q2 FY27 0.00 — Reports 5 November 2026

EPS $

Jun Sep Dec Mar Year
’26 (0.38) — — — —
’26 (0.43) (0.45) 0.18 0.41 (0.25)
’25 (0.26) (1.07) (1.23) (1.89) (4.48)
’24 (0.83) (6.16) (0.99) (0.80) (9.12)
’23 (0.29) (0.64) (0.55) 15.56 14.29
’22 0.23 0.04 (0.09) (0.39) (0.21)
’21 (0.20) 0.03 0.10 0.11 0.06
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 1,157 — — — —
’26 1,171 1,141 1,157 1,171 4,640
’25 1,126 1,122 1,124 1,147 4,520
’24 780 1,225 1,129 1,150 4,284
’23 575 664 651 666 2,556
’22 665 609 625 518 2,417
’21 530 554 576 261 1,921
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 261 — — — —
’26 258 282 727 322 1,590
’25 151 239 219 298 908
’24 104 219 134 232 688
’23 40 188 89 50 368
’22 65 163 159 119 506
’21 157 177 224 170 727
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 42 — — — —
’26 60 69 444 24 597
’25 (150) 10 (33) 51 (122)
’24 (271) (147) (287) (146) (851)
’23 (255) (142) (275) (351) (884)
’22 (196) (51) (79) (211) (537)
’21 (72) (54) (19) (13) (158)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 9.4% a year for ten years.

Implied
9.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,559 1,595 2,068 2,309 1,921 2,417 2,556 4,284 4,520 4,640 4,626 +12.9% 4,850 5,073 5,427 +5.4%
Gross margin, % 32.73 29.71 25.65 30.29 29.42 29.20 28.22 32.25 32.97 33.04 33.22 +0.3 pt
EBT 25 (105) (110) 1 (78) (138) (162) (1,194) (545) 105 130 +17.1%
EBT margin, % 1.63 (6.61) (5.34) 0.06 (4.07) (5.71) (6.34) (27.87) (12.07) 2.26 2.80 +0.6 pt
Net income 22 (68) (66) 14 17 (2) 1,091 (1,058) (531) 4 9 (17.3%)
Per share, $
Per share, $ Revenue 29.81 27.29 34.50 37.47 28.91 32.93 33.67 36.55 35.18 34.44 33.73 +1.6%
Earnings 0.45 (1.15) (1.13) 0.00 0.06 (0.21) 14.29 (9.12) (4.48) (0.25) (0.24) n/m
Cash flow 7.86 6.14 5.46 7.09 10.94 6.89 4.85 5.87 7.07 11.80 11.61 +4.6%
Capex (10.67) (10.00) (11.22) (12.35) (13.32) (14.20) (16.49) (13.14) (8.02) (7.37) (7.39) (4.0%)
Free cash flow (2.81) (3.86) (5.76) (5.26) (2.38) (7.31) (11.64) (7.26) (0.95) 4.43 4.22 n/m
Book value 33.22 31.62 31.97 33.26 35.93 36.55 50.85 43.28 36.15 35.10 34.41 +0.6%
Shares, m 52 58 60 62 66 73 76 117 128 135 136 +11.1%
Valuation, ×
Valuation, × P/E 141.82 0.00 0.00 0.00 1,201.75 0.00 2.40 0.00 0.00 0.00 0.00 134.6
P/S 2.14 2.38 2.26 0.96 1.66 1.48 1.01 0.47 0.30 1.33 1.78 1.4
P/B 1.92 2.05 2.44 1.08 1.34 1.34 0.67 0.40 0.29 1.30 1.75 1.3
EV/Sales 2.60 2.98 2.82 1.63 2.46 2.38 1.43 1.70 1.50 2.34 2.80 2.2
EV/FCF (27.64) (21.01) (16.89) (11.60) (29.93) (10.73) (3.57) (6.77) (19.42) 29.32 36.76 (11.8)
Cash, $m
Cash, $m Operating cash flow 411 359 328 437 727 506 368 688 908 1,590 1,592 +16.2%
Capex (558) (584) (673) (761) (885) (1,042) (1,252) (1,539) (1,030) (993) (1,014) +6.6%
Free cash flow (147) (226) (345) (324) (158) (537) (884) (851) (122) 597 578 n/m
Balance, $m
Balance, $m Working capital 289 146 402 441 283 389 1,288 2,183 1,211 1,827 1,252 +22.7%
Net debt 719 952 1,151 1,547 1,537 2,176 1,080 5,286 5,424 4,702 4,707 +23.2%
Shareholders’ equity 1,738 1,848 1,916 2,050 2,387 2,683 3,861 5,073 4,645 4,729 4,718 +11.8%
Returns, %
Returns, % ROA 0.89 (2.11) (1.85) 0.00 0.07 (0.26) 15.37 (8.89) (3.62) (0.22) (0.20) (1.1) pt
ROIC 0.93 (2.06) (1.24) 0.67 (0.73) (1.46) (1.97) (5.37) (0.61) 0.72 0.72 (0.2) pt
ROE 1.65 (3.75) (3.59) (0.01) 0.17 (0.61) 33.16 (23.93) (11.83) (0.73) (0.63) (2.4) pt
People
People Employees 4,300 5,200 5,600 6,100 5,800 7,000 6,800 7,500 7,000 7,000 — +5.6%
Revenue/emp, $m 0.36 0.31 0.37 0.38 0.33 0.35 0.38 0.57 0.65 0.66 — +6.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Business profile

Updated

Viasat provides satellite communications services and technology to customers on land, at sea and in the air. It was founded in 1986, is headquartered in Carlsbad, California, and is led by founder and chief executive Mark Dankberg.

The company sells internet connectivity and other communications services to commercial airlines, business jets, shipping fleets, households, businesses and governments. Its aviation services include in-flight connectivity and safety data, while its maritime services connect vessels and support applications such as safety communications. For fixed locations, Viasat provides broadband and services that connect and track devices.

Where the money comes from and where it goes Fiscal 2020

Fiscal 2020: revenue by segment, and margins
Government Systems 1,138 49.28%
Satellite Services 827 35.79%
Commercial Networks 345 14.92%
Gross margin 30.29%
Operating margin 1.66%
Pre-tax margin 0.06%

Revenue by segment since 2010

Viasat Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ZBRA Zebra Technologies Corporation $15.2B 25.9× 24.3× +22.27% (above 0%: growing) +75.19% (above 0%: growing) +38.89% (above 0%: growing) 45.72% 14.68% Compare
ASTS AST SpaceMobile, Inc. $11.8B — (loss-making) — (loss-making) +2,626.64% (above 0%: growing) n/m −103.37% (below 0%: shrinking) 25.23% (944.09%) Compare
VSAT Viasat Inc. $8.2B — (loss-making) — (loss-making) −1.24% (below 0%: shrinking) n/m −31.14% (below 0%: shrinking) 35.70% 4.09%
VIAV Viavi Solutions Inc. $6.5B 97.4× 26.6× +56.90% (above 0%: growing) n/m +459.89% (above 0%: growing) 61.22% 17.41% Compare
AAOI Applied Optoelectronics, Inc. $4.0B — (loss-making) 19.6× +127.49% (above 0%: growing) n/m +96.12% (above 0%: growing) 28.22% (0.53%) Compare
BDC Belden Inc $3.8B 21.7× 16.9× +38.35% (above 0%: growing) n/m +25.32% (above 0%: growing) 35.07% 1.74% Compare
EXTR Extreme Networks, Inc. $2.8B 52.7× 42.1× +9.94% (above 0%: growing) +203.75% (above 0%: growing) +285.41% (above 0%: growing) 62.13% 6.77% Compare
ONDS Ondas Holdings Inc. $2.6B — (loss-making) 23.4× +1,235.44% (above 0%: growing) n/m −1,000.26% (below 0%: shrinking) 43.13% (194.51%) Compare
DGII Digi International Inc. $2.4B 48.0× 47.9× +28.98% (above 0%: growing) +50.00% (above 0%: growing) +41.46% (above 0%: growing) 64.85% 16.51% Compare
Median of peers $3.9B 48.0× 24.3× +47.62% +75.19% +40.18% 44.43% 4.26%

All 46 Communication Equipment stocks →

From the latest earnings call

Updated

  • CEO Mark Dankberg said Viasat won the next phase of the Protected Tactical SATCOM-Global program and sees opportunities combining satellite technology with services.
  • CFO Garrett Chase said aviation growth reflected more aircraft and higher revenue per aircraft, while maritime revenue fell as vessels in service declined.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 102.94%
Held by the ten largest 55.73%
Holder Shares Stake Change
BlackRock 20.75m 15.06% +168.63k
Vanguard 16.28m 11.81% −434.75k
State Street 6.09m 4.42% +308.87k
American Century 5.74m 4.16% −39.00
CARRONADE CAPITAL MANAGEMENT, LP 5.40m 3.92% +2.17m
Dimensional Fund Advisors 5.19m 3.77% +399.27k
DISCIPLINED GROWTH INVESTORS INC /MN 4.74m 3.44% −918.88k
T. Rowe Price 4.66m 3.39% +1.48m
Geode Capital Management 4.03m 2.93% +196.38k
OCO Capital Partners, L.P. 3.90m 2.83% −600.00k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 27 July 2026

Ownership

Directors and executive officers, together 1.40%
BlackRock, Inc. 13.60%
Vanguard Portfolio Management 7.10%
Vanguard Capital Management 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Viasat Inc. (VSAT) Latest News

6 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com transcript

29 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · TIKR
Impact 4 · · Stocktwits
Impact 3 · · GlobeNewswire
Impact 3 · · Zacks

28 Oct

Impact 4 · · GlobeNewswire
Impact 4 · · CNW Group
Impact 3 · · Trefis

27 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Trefis

21 Oct

Impact 4 · · Stocktwits
Impact 4 · · GlobeNewswire

20 Oct

Impact 4 · · Stocktwits
Impact 3 · · Simply Wall St.

19 Oct

Impact 3 · · MarketBeat

12 Oct

Impact 3 · · Stocktwits

9 Oct

Impact 4 · · StockStory
Impact 3 · · Trefis

8 Oct

Impact 3 · · MarketBeat

5 Oct

Impact 3 · · TIKR

4 Oct

Impact 3 · · Simply Wall St.

2 Oct

Impact 3 · · Stocktwits

30 Sep

Impact 3 · · Barchart
Impact 3 · · Barrons.com

23 Sep

Impact 4 · · GlobeNewswire

22 Sep

Impact 3 · · Insider Monkey

17 Sep

Impact 4 ·

15 Sep

Impact 3 ·

VSAT metrics, ten years each

stockrow.com/VSAT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com