• In late April and early May 2026, Gilat Satellite Networks Ltd. disclosed a multimillion order from India’s Nelco for its SkyEdge IV Ka-band platform and another order of over US$7,000,000 via a prime contractor to supply Wavestream EnduroStream solid-state power amplifiers to the U.S. Department of War, with deliveries scheduled over 12 to 24 months.
• These wins expand Gilat’s footprint in both commercial broadband and defense, reinforcing demand for its high-throughput satellite platforms and power amplifier technology across aviation, cellular backhaul, enterprise connectivity, and mission-critical defense applications.
• With Gilat winning new EnduroStream defense business and a major SkyEdge IV Ka-band deployment in India, we’ll assess how this reshapes its investment narrative.

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Gilat Satellite Networks Investment Narrative Recap

To own Gilat, you need to believe that demand for high-throughput satellite connectivity and mission-critical defense communications will keep supporting its order book, while margins stabilize from recent compression. The Nelco SkyEdge IV deal and new EnduroStream defense order both appear supportive of near term revenue visibility, but do not, on their own, resolve the key risks around lower gross margins and the slower than hoped production ramp at Stellar Blu.

Among the latest announcements, the Nelco multimillion SkyEdge IV Ka band order in India looks most aligned with Gilat’s core catalyst of platform adoption and potential software driven revenue. It reinforces the relevance of SkyEdge IV in multi orbit, high throughput networks, which matters as investors weigh that growth opportunity against ongoing softness in cellular backhaul demand and questions about how quickly margins can improve.

Yet, even with these new wins, investors should still be aware of how persistent gross margin pressure could...

Gilat Satellite Networks' narrative projects $624.4 million revenue and $49.5 million earnings by 2029. This requires 11.4% yearly revenue growth and a $28.8 million earnings increase from $20.7 million today.

Uncover how Gilat Satellite Networks' forecasts yield a $19.00 fair value, in line with its current price.

Exploring Other Perspectives

Three fair value estimates from the Simply Wall St Community span a wide US$8.76 to US$19 per share. You can weigh those views against the margin and Stellar Blu execution risks described above to see how different expectations might affect Gilat’s longer term performance.

Explore 3 other fair value estimates on Gilat Satellite Networks - why the stock might be worth less than half the current price!

Reach Your Own Conclusion

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Gilat Satellite Networks research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.
• Our free Gilat Satellite Networks research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Gilat Satellite Networks' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.