Viasat Q3 FY2026 net income $25 million; revenue up 3%, Adjusted EBITDA down 2%
Viasat reported third-quarter fiscal 2026 results on February 5, 2026. Revenue rose 3% to $1.2 billion and net income of $25 million improved from a net loss of $158 million a year earlier, though Adjusted EBITDA fell 2% to $387 million. Management kept its fiscal 2026 revenue and Adjusted EBITDA outlook, now expects positive fiscal 2026 free cash flow, and said it is still evaluating strategic options, including separating its government and commercial businesses.
Key points
- Revenue of $1.2 billion, up 3% year over year; net income of $25 million versus a net loss of $158 million in Q3 FY2025
- Net income gain was primarily due to higher interest income on the deferral of Ligado's quarterly fees, which were received as part of a lump sum payment
- Adjusted EBITDA of $387 million, down 2%; operating cash flow of $307 million and free cash flow of $24 million, both excluding the $420 million Ligado lump sum payment
- FY2026 outlook: low single-digit revenue growth and flat Adjusted EBITDA; capital expenditures of $1.0 billion to $1.1 billion; now expects positive free cash flow for FY2026
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.