ViaSat Inc (VSAT)
🔔 Watch stock
symbol.quality_heading
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
The business itself works: 23 satellites in service, roughly 4,580 commercial aircraft connected, firm backlog of $4,072.9 million and a defense segment that earns reliably at $216.3 million of segment operating profit. The balance sheet carries no going concern warning either: equity stood at $4,729.3 million on March 31, 2026, cash at $1,746.8 million alongside $1,148.2 million of undrawn credit facilities, and all covenants were met at the balance sheet date. What decides the level is nonetheless a single line: against operating income of $108.1 million, fiscal 2026 carried interest expense of $360.3 million — interest coverage of 0.3, so the business does not earn its own interest. It is made sharper by the fact that the $104.8 million of pre-tax income contains two one-time events worth $320.6 million combined; without the Ligado settlement and the sale of the Navarino UK stake the line would read a pre-tax loss of roughly $215.8 million. With $6.6 billion of debt whose most expensive piece costs 9 percent and an Altman Z-score of 1.0 as of July 24, 2026, that finding touches the substance and not merely the earnings power — hence red. The decision is yours.
symbol.quality_note
Viasat runs 23 satellites, keeps 4,580 commercial aircraft online and sits 11th in our weekly momentum screen. The fiscal 2026 annual report shows the first operating profit in years: $108.1 million. Interest expense in the same year: $360.3 million. And $320.6 million of the $104.8 million in pre-tax income came from two events that will not repeat. We read the filings to see what the business earns once the one-time items are stripped out — and who took a seat at the table in May 2026.
Read the analysis
Stock Watch
This analysis is as of July 26, 2026. Stock Watch will tell you what's changed at VSAT since then.
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Appears in These Scanners
This stock currently matches 13 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 76.90 $ — 82% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Uses AIViasat setzt KI- und Maschinenlern-Technik im eigenen Betrieb ein und investiert weiter darin (eigener Risikofaktor im Geschäftsbericht 10-K für das Geschäftsjahr 2026); verkauft aber keine KI-Produkte und weist keine KI-Umsätze aus.
View the full file — quotes, sources, reviewed filings
„We use artificial intelligence and machine learning technologies (collectively, AI Technologies) in our business, and continue to invest in this area."
Wir setzen Technologien der künstlichen Intelligenz und des maschinellen Lernens (zusammen „KI-Technologien“) in unserem Geschäft ein und investieren weiterhin in diesen Bereich.
„We are focused on continuing to increase our customer interactions and have incorporated new technologies, tools and learnings from artificial intelligence and machine learning to enhanced customer intimacy techniques and customer advisory councils."
Wir arbeiten daran, unsere Kundenkontakte weiter auszubauen, und haben neue Technologien, Werkzeuge und Erkenntnisse aus künstlicher Intelligenz und maschinellem Lernen in verbesserte Verfahren zur Kundennähe und in Kundenbeiräte einfließen lassen.
Filings Reviewed: 10-K 2026-05-29 · 10-Q 2026-02-06 · 10-Q 2025-11-10 · 10-Q 2025-08-08 · 10-K 2025-05-27 · 8-K 2026-05-07
Rated on July 25, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 22.4% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 9
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 03/31/2027 | 0.30 | 0.24 – 0.36 | 4,855 | -70.9% | 2 |
| 03/31/2028 | 0.40 | 0.25 – 0.67 | 5,082 | 34.4% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -0.15 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -1.23 | – | 1,124 | -0.40 | -14.10 | 220 | -33 |
| 2025: Q1 | -2.00 | – | 1,147 | -0.30 | -21.50 | 298 | 51 |
| 2025: Q2 | -0.43 | – | 1,171 | 4.00 | -4.80 | 259 | 60 |
| 2025: Q3 | -0.47 | – | 1,141 | 1.70 | -5.40 | 282 | 69 |
| 2025: Q4 | 0.19 | – | 1,157 | 3.00 | 2.20 | 727 | 444 |
| 2026: Q1 | 0.41 | – | 1,171 | 2.10 | 5.00 | 322 | 24 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 1,559 | 36 | 24 | 0.41 | 411 | 1,735 | 2,955 |
| 2018 | 1,595 | -92 | -67 | -1.14 | 359 | 1,837 | 3,414 |
| 2019 | 2,068 | -61 | -68 | -1.12 | 328 | 1,908 | 3,915 |
| 2020 | 2,309 | 38 | 0 | 0.00 | 437 | 2,028 | 4,884 |
| 2021 | 1,921 | -46 | 4 | 0.06 | 727 | 2,351 | 5,349 |
| 2022 | 2,417 | -113 | -16 | -0.21 | 506 | 2,634 | 6,389 |
| 2023 | 2,556 | -156 | -577 | -7.60 | 368 | 3,824 | 7,730 |
| 2024 | 4,284 | -890 | -1,069 | -9.12 | 688 | 5,025 | 16,329 |
| 2025 | 4,520 | -97 | -575 | -4.42 | 908 | 4,554 | 15,449 |
| 2026 | 4,640 | 108 | -34 | -0.25 | 1,590 | 4,660 | 15,227 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Operating income moved from minus $889.8 million in fiscal 2024 through minus $97.5 million in 2025 to plus $108.1 million in fiscal 2026. Operating cash flow rose to $1,589.9 million while purchases of property, equipment and satellites fell to $992.8 million, leaving roughly $597.1 million of free cash flow after two negative years. Revenue grew to $4,640.3 million.
Against operating income of $108.1 million, fiscal 2026 carried interest expense of $360.3 million — an interest coverage ratio of 0.3. The principal amount of debt stood at $6.6 billion on March 31, 2026, the most expensive piece being $1.975 billion of Inmarsat notes at 9.000 percent. The Altman Z-score stood at 1.0 as of July 24, 2026.
Pre-tax income of $104.8 million includes $152.5 million of interest income from the Ligado settlement and a $168.1 million gain on the sale of the Navarino UK stake — $320.6 million combined. Without those two events the year would have produced a pre-tax loss of roughly $215.8 million. Even with them, the loss attributable to Viasat shareholders was $34.1 million.
Communication services was flat in fiscal 2026 at $3,299.7 million against $3,298.5 million. Inside the segment aviation grew from $864.8 million in fiscal 2024 to $1,191.4 million, while fixed and other services fell from $906.8 million to $607.7 million. The company's own risk factors name increasing adoption of low-orbit services including Starlink as a cause of significant industry disruption.
The smaller segment is the reliable earner: $216.3 million of segment operating profit in fiscal 2026 on $1,340.6 million of revenue (2025: $216.7 on $1,221.1; 2024: $154.4 on $1,142.2). Information security and cyber defense grew from $302.1 million to $414.5 million, tactical networking from $202.1 million to $329.4 million. Segment firm backlog stood at $1,211.9 million.
At an anchor price of $71.70 (July 24, 2026) and 136,568,953 shares, market capitalization is roughly $9.8 billion and enterprise value roughly $15.3 billion — 2.1 times sales and 8.4 times earnings before interest, taxes, depreciation and amortization. Nine analyst votes averaged a $94.56 target. Since May 29, 2026 an unlimited shelf registration has been effective, with room for 63.4 million authorized but unissued shares.
Viasat has turned the corner operationally. After two disastrous years, fiscal 2026 produced an operating profit of $108.1 million, operating cash flow reached $1,589.9 million, and debt fell from $7.2 billion to $6.6 billion. The company's own filings also show the limits: interest expense of $360.3 million is more than three times operating income, and $320.6 million of the $104.8 million of pre-tax income came from two one-time events — the Ligado settlement and the sale of the Navarino UK stake. The core segment is flat at $3,299.7 million and the fixed broadband business has shrunk by a third in two years. Only the defense segment earns reliably, at $216.3 million. Not investment advice.
- Viasat reached our research list through one screen of our in-house stock scanner as of July 25, 2026: rank 11 of 28 in "Richard Moglen: 1 Week Top Performers" (U.S. selection), relative strength rating 96. The screen requires at least a 15 percent price gain over four trading days, at least $10 million of average daily dollar volume and a strength rating of 70 or higher; it is recomputed daily, so the placement is a snapshot.
- On the fiscal year: Viasat closes its books on March 31. The fiscal 2026 year reviewed here covers April 1, 2025 through March 31, 2026, and the annual report was filed on May 29, 2026. Since that filing, only Forms 4 and 144 and the shelf registration of May 29, 2026 have been added through the data date.
- On identity: the company is registered with the SEC as Viasat, Inc., CIK 0000797721, and EDGAR lists no former names. Not to be confused with the British Inmarsat group acquired in 2023, which continues as a subsidiary and whose notes and term loans make up a substantial share of consolidated debt. No merger or acquisition agreement existed as of the date of this analysis.
About the Company
Viasat, Inc. bietet Breitband- und Kommunikationsprodukte sowie -dienstleistungen in den USA und international an.
| CEO Insider Trades (12 Mo.) | selling own stock |
|---|---|
| Employees | 7,000 |
| Headquarters | Carlsbad, CA |
| Address | 6155 El Camino Real, 92009 Carlsbad, United States |
| Phone | 760 476 2200 |
| Website | viasat.com |
| IPO Date | 3. Dec 1996 |
| ISIN | US92552V1008 |
| Stock Split | 2:1 on 09/01/2000 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Mark D. Dankberg | Co-Founder, Chairman & CEO | 1955 |
| Garrett L. Chase | Senior VP & CFO | 1972 |
| Girish Chandran | Corporate Chief Technology Officer & Senior VP of Engineering | 1965 |
| Craig Andrew Miller | Senior VP & President of Viasat Government | 1972 |
| Camellia E. FitzGerald | Chief Accounting Officer | 1978 |
| Peter A. Lopez CFA, CPA | Investor Relations Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 20. Jul 2026 | Chase Garrett L. | SVP, Chief Financial Officer | Sell | 100 | 73.68 | 7,368 |
| 20. Jul 2026 | Chase Garrett L. | SVP, Chief Financial Officer | Sell | 1,900 | 73.03 | 138,765 |
| 20. Jul 2026 | Chase Garrett L. | SVP, Chief Financial Officer | Sell | 1,000 | 72.25 | 72,252 |
| 10. Jul 2026 | Stenbit John P | Director | Other | 722 | 0.00 | – |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.