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Oct 29, 2026, 4:05 PM ET
Viasat will release its second quarter fiscal year 2027 financial results on November 5, 2026, after market close, with a conference call and webcast at 2:30 p.m. Pacific Time.
Nasdaq: $VSATSatellite communications · Defense technology
VSAT Stock Hub: Viasat News, ViaSat-3 Capacity and Defense Communications
Viasat has brought two new ViaSat-3 satellites into service and is working to turn the capacity into profitable growth. June-quarter revenue was $1.157 billion, with $1.736 billion cash and $6.571 billion total debt. Aviation and government services grew while maritime and fixed services declined. The next results are scheduled for November 5.
Full research report · PDF
Viasat, Inc. research · November 1, 2026
20 pages covering the business, financial position, catalysts, risks, scenarios and sources. A dated snapshot for personal use; redistribution prohibited.
Next catalyst
2026-11-05 · Second-quarter fiscal 2027 results and call
company-announced schedule Announcement and terms
VSAT stock at a glance
Reference common equity value
10,610.0
USD million · 2026-10-30 · Calculated $77.02 × 137,755,810 shares outstanding July 23. Different observation dates; excludes subsequent issuance.
SourceTotal debt including finance leases
6,570.5
USD million · 2026-06-30 · Includes $142.678 million finance leases; $600 million notes are due in 2027.
SourceQ1 operating cash flow
260.6
USD million · 2026-04-01/2026-06-30 · Capital expenditure was $218.928 million, leaving $41.622 million reported free cash flow.
SourceReported short interest
11,990,127
shares · 2026-10-15 · Nasdaq average daily volume 2,150,611; approximately 5.58 days to cover.
SourceWhere Viasat, Inc. stands now
F3 entered service across Asia-Pacific on August 31 and F2 across the Americas on September 17. The new capacity supports the company’s aviation, maritime, government and broadband services; its financial contribution develops through customer usage and network utilization.
The latest published quarterly accounts cover June 30. Operating cash flow was $260.550 million and capital expenditure was $218.928 million. Positive cash generation supports the transition, while heavy debt and continuing satellite investment remain important claims on resources.
The principal risk is that competitive pricing and slower customer growth limit the return on new satellite capacity while capital spending, debt service and refinancing needs continue. Legacy service declines and government program execution add pressure to the pace of the recovery.
The constructive case
New capacity supports profitable aviation and government growth, defense orders convert into revenue and cash, and disciplined capital spending supports refinancing and lower net debt.
The cautious case
Competition limits bandwidth yields, legacy declines offset growth, and slower order conversion leaves debt service and continuing capital investment absorbing more of the available cash.
Latest Viasat, Inc. news
Oct 29, 2026
November 5 earnings date announced
Viasat will release second-quarter fiscal 2027 results after the market close on November 5, followed by a 5:30 p.m. Eastern call.
Oct 21, 2026
NASA demonstration spacecraft launched
The Maxwell spacecraft launched October 20. Announced on-orbit relay demonstrations run through March 2027 under NASA CSP work.
Sep 23, 2026
Marine Corps initial task order awarded
An initial $42 million order sits within a seven-year IDIQ vehicle with a ceiling of up to $307 million. Future orders determine further committed business.
Sep 17, 2026
ViaSat-3 F2 enters Americas service
F2 began commercial service across the Americas, adding high-throughput capacity and network flexibility.
Aug 31, 2026
ViaSat-3 F3 enters Asia-Pacific service
F3 began revenue-generating operations across Asia-Pacific, expanding the capacity available for customers in the region.
Aug 17, 2026
Rocket Lab selected for PTS-G spacecraft
Rocket Lab will supply a Lightning-GEO satellite platform for Viasat’s protected communications payload under the initial Space Force production program.
VSAT stock catalysts
- 2026-11-05 · Second-quarter fiscal 2027 results and callcompany-announced schedule
- Through March 2027 · NASA CSP on-orbit demonstration windowcompany-announced testing program after October 20 launch
- 2027-03-31 · Fiscal 2027 operating and cash-flow outlookAugust company guidance; subject to subsequent updates
- 2027 contractual maturity · Viasat notes due in 2027$600 million principal reported at June 30; financing milestone
- Following August and September 2026 service entries · ViaSat-3 service rampservice entry completed; utilization and commercial returns develop over time
The operating mix at June 30
| Service category | Quarterly revenue | Year-earlier revenue |
|---|---|---|
| Aviation | $324.381 million | $292.892 million |
| Government satcom | $211.734 million | $191.768 million |
| Maritime | $109.502 million | $117.801 million |
| Fixed services and other | $127.425 million | $174.737 million |
Three months ended June 30, 2026 and 2025. Source: June Form 10-Q.
Cash generation and the financing position
At June 30, Viasat reported $1.736 billion cash and $6.571 billion total debt including finance leases. Quarterly operating cash flow less capital expenditure was $41.622 million; the approximately $72 million presentation excludes Navarino-related cash taxes. Source: August shareholder letter and reconciliations.
Merlintrader Health Score · $VSAT
3.05out of 5
Assessed November 1, 2026. An editorial assessment of financial and operating resilience over twelve to eighteen months; no price target or recommendation is implied.
Red flags
- Debt and the 2027 note maturity require continuing financing attention.
- Satellite and ground-network failures can disrupt service and revenue.
- LEO competition puts pressure on pricing and customer retention.
- New capacity requires profitable utilization to earn a return.
- Fixed and maritime service revenue declined in the June quarter.
- Defense programs face engineering, delivery, funding and cost risks.
- Equity awards and possible future financing can dilute common shareholders.
VSAT Stock FAQ: Viasat, Inc. Questions Answered
Are F2 and F3 in commercial service?
Yes. F3 entered service August 31 across Asia-Pacific; F2 entered service September 17 across the Americas. Their commercial contribution develops as customers use the added capacity.
How much debt and liquidity does Viasat report?
At June 30, total debt including finance leases was $6.571 billion and cash was $1.736 billion. Available undrawn revolvers added approximately $1.150 billion of borrowing capacity.
Why are there two quarterly free-cash-flow figures?
Reported operating cash flow less capital expenditure was $41.622 million. The approximately $72 million figure excludes cash taxes on the Navarino investment-sale gain.
Is the Marine Corps ceiling guaranteed revenue?
The initial task order was $42 million. The seven-year IDIQ ceiling is up to $307 million, with further business dependent on future task orders and delivery.
When are the next results?
Second-quarter fiscal 2027 results are scheduled after the close on November 5, 2026, with a call at 5:30 p.m. Eastern. The reported quarter ended September 30.
Primary sources and market references
- Viasat June-quarter Form 10-Q
- November 5 results announcement
- August shareholder letter
- F2 service-entry release
- F3 service-entry release
- Fiscal 2026 annual report
- Marine Corps award
- August 17 PTS-G release
- October 21 NASA release
- July proxy
- Nasdaq short interest
- Nasdaq October 30 history
- September 4 annual-meeting filing
Disclaimer. Published by Merlintrader for educational and informational purposes only. This content does not constitute investment advice or a recommendation to buy, sell or hold securities. Verify figures against the dated primary disclosures. Investors can lose part or all of their capital.
Satellite communications involve launch and spacecraft failures, network outages, cybersecurity, spectrum access, competitive pricing, customer retention, government procurement, heavy capital expenditure, refinancing and dilution risks.
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