Gilat Satellite Networks Ltd
Gilat Satellite Networks Ltd. designs and supplies satellite-based broadband communications systems, terminals, modems, antennas, amplifiers, and network management software. Its business spans commercial and defense customers worldwide through integrated satellite ground-segment solutions, field services, and cybersecurity offerings.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueSoftware-defined platforms, modems, terminals, and ground infrastructure for satellite networks.
Satellite-on-the-move antennas, ESAs, and related mobility communications hardware.
SSPAs, BUCs, and related high-power radio-frequency equipment for satellite links.
Field services, ongoing support, network management, and operational software.
Mission-critical satellite communications systems and services for defense users.
Products
Reported · share of revenue- Products72.7 %
- Services27.3 %
Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Gilat sells to satellite operators, government and defense agencies, and enterprise customers that need reliable connectivity in remote or mobile environments. The company also serves mobility, cellular backhaul, IFC, aerospace, and critical infrastructure end markets that depend on managed satellite communications. Customers buy Gilat’s systems and services to expand coverage, improve network performance, and support complex multi-orbit operations.
Buy SkyEdge systems, services, and network management to run multi-orbit satellite networks.
Buy secure satellite communications hardware and integrated ground solutions for mission-critical use.
Buy antennas, terminals, and onboard connectivity solutions for moving platforms and aircraft.
Buy satellite connectivity systems to extend mobile network coverage where terrestrial links are limited.
Buy broadband and managed connectivity for remote, distributed, or hard-to-reach sites.
Strategy
Gilat’s strategy centers on multi-orbit satellite networking, integrating hardware, software, and services into complete ground-segment solutions. The company is also building around higher-value defense and mobility applications, where product performance, reliability, and long service relationships matter most. This positioning supports recurring services, system upgrades, and broader platform adoption as satellite operators modernize networks.
Operators need systems that work across increasingly complex satellite architectures.
Defense customers value secure, high-reliability communications and long program cycles.
Services help deepen customer ties and smooth hardware-cycle volatility.
Geography
2025Gilat is headquartered in Israel and sells its products and services globally, with a footprint that spans commercial and defense markets across multiple regions. The company’s customer base is international, and its systems are deployed where satellite connectivity is needed across remote, mobile, and infrastructure-heavy environments. Geographic exposure matters because demand can vary by defense budgets, satellite fleet upgrades, and deployment cycles in different countries.
Share of the revenue the company reports by geography.
Risks
Gilat faces execution risk tied to large customer programs, where order timing, deployment schedules, and customer budgets can shift revenue recognition and shipment patterns. The business is also exposed to technology change in satellite architectures, concentration in specialized end markets, and judgment-heavy accounting areas such as contract estimates, inventory, and goodwill impairment. Because many products serve mission-critical communications, quality failures, delays, or cyber issues could damage customer relationships and future awards.
- Contract timing and variable considerationImpact: HighLikelihood: High
Revenue depends on contract duration, performance obligations, and estimated total profitability.
Exposure: SkyEdge and other systems/service contracts
- Customer concentration in large operator programsImpact: HighLikelihood: Medium
A limited number of satellite operators or defense buyers can drive a meaningful share of orders.
Exposure: Commercial satellite operators and defense accounts
- Technology obsolescenceImpact: HighLikelihood: Medium
Multi-orbit, VHTS, and software-defined architectures require continued product refresh.
Exposure - Inventory and long-lived asset impairmentImpact: MediumLikelihood: Medium
Hardware programs can leave excess inventory or underutilized assets if demand changes.
Exposure: Manufacturing and component-heavy product lines
- Goodwill and acquisition-related intangiblesImpact: MediumLikelihood: Medium
Business combinations require ongoing impairment and fair-value judgments.
Exposure: Subsidiaries and acquired technologies
Accounting
Judgemental itemsManagement must estimate contract duration, standalone selling price, and total profit or loss.
Impact: Can change timing of revenue and margin recognition
Project-based work may recognize revenue over time based on progress estimates.
Impact: Affects quarterly comparability and order-to-revenue conversion
Hardware programs can create excess or obsolete inventory if demand shifts.
Impact: Can create periodic write-downs
Acquired businesses and technologies require impairment assessment.
Impact: May affect reported assets and earnings
Global operations expose the company to currency movements and derivative accounting.
Impact: Can affect OCI and reported volatility
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Last updated: 28/09/2026