Stock Track | Gilat Satellite Networks Plummets 19.99% Intraday on Q1 Revenue Miss Despite Strong EPS Beat

Stock Track05-13

Gilat Satellite Networks Ltd. (NASDAQ: GILT) shares plummeted 19.99% during intraday trading on Wednesday, following the release of the company's first-quarter 2026 financial results.

The satellite communications company reported quarterly earnings that significantly exceeded analyst expectations, with adjusted EPS of $0.18 beating the consensus estimate of $0.04 by 350%. However, revenue of $110.474 million fell short of the $114.559 million estimate, representing a 3.57% miss.

Despite a 20.03% year-over-year increase in sales and a 500% increase in earnings per share compared to the same period last year, investors reacted negatively to the revenue shortfall. The company reiterated its full-year 2026 guidance, expecting revenue between $500 million to $520 million, but the first-quarter top-line disappointment appears to have driven the sell-off.

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