The earnings call highlighted strong contract awards and progress in the Defense and Advanced Technologies segment, as well as successful financial restructuring. However, revenue decline and net losses, coupled with challenges in the Aviation sector due to OEM delays, present notable challenges.
Company Guidance
During the Viasat Q2 2025 earnings call, Mark Dankberg, Chairman and CEO, highlighted several key metrics and strategic initiatives. The company reported a record $1.3 billion in new contract awards, significantly driven by its Defense and Advanced Technologies segment, which doubled its year-over-year awards, particularly in cybersecurity ground systems and space and mission systems. Revenue for the quarter was $1.12 billion, while adjusted EBITDA stood at $375 million. The company successfully upsized its refinancing with nearly $2 billion of 2026 secured notes, which strengthened its capital structure. Viasat is maintaining its fiscal 2025 outlook, expecting flat to slightly up revenue year-over-year and mid-single-digit growth in adjusted EBITDA. Capital expenditures are projected to decline further to a range of $1.3 billion to $1.4 billion. The company has also been actively exploring multi-orbit, multi-band connectivity solutions and is in advanced discussions with Telesat to enhance its satellite capabilities, aiming for improved returns on capital.
Record New Contract Awards
New contract awards in the second quarter reached a record $1.3 billion, driven by Defense and Advanced Technologies and Aviation and connectivity services.
Strong Defense and Advanced Technologies Performance
Defense and Advanced Technologies segment saw awards more than double year-over-year to $510 million, with a book-to-bill ratio of 1.7x.
Decreased Capital Expenditures
Capital expenditures declined 37% year-over-year to $229 million, contributing to a positive free cash flow of $10 million during the quarter.
Successful Refinancing
Issued $1.98 billion of oversubscribed Inmarsat-29 notes, improving financial flexibility by refinancing 2026 notes.
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ViaSat (VSAT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VSAT Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2024
$10.28
$9.48
-7.78%
Aug 07, 2024
$17.77
$24.49
+37.82%
May 21, 2024
$18.84
$15.74
-16.45%
Feb 06, 2024
$22.78
$18.64
-18.17%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ViaSat (VSAT) report earnings?
ViaSat (VSAT) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is ViaSat (VSAT) earnings time?
ViaSat (VSAT) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.