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Viasat Reports Record Backlog, Eyes Growth
29 May
Summary
- Viasat achieved record backlog and positive free cash flow in fiscal 2026.
- Company revenue reached $4.6 billion with $1.55 billion in adjusted EBITDA.
- Fourth-quarter awards increased 9%, with backlog growing 15%.
Viasat, a satellite communications company, announced robust fiscal year 2026 results, characterized by a record backlog and positive free cash flow. Despite a U.S. government shutdown impacting operations in the latter half of the fiscal year, the company's performance remained largely consistent with expectations.
Chairman and CEO Mark Dankberg highlighted significant achievements, including record new contract awards and backlog, alongside record revenue and adjusted EBITDA. Viasat generated $4.6 billion in revenue and $1.55 billion in adjusted EBITDA for fiscal 2026. The company also reported substantial cash flow from operations, amounting to $1.6 billion, with nearly $600 million in free cash flow.
Looking at the fourth quarter specifically, Viasat saw a 9% increase in awards, reaching approximately $1.3 billion. This growth was primarily fueled by communication services within the maritime, government SATCOM, and aviation sectors. Consequently, the company's backlog expanded by 15% to around $4.1 billion, reflecting strong performance in communication services and defense and advanced technologies.
