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Viasat Shares Plummet on Unexpected Loss
30 May
Summary
- Viasat stock dropped 7% after fiscal Q4 report release.
- Company reported an unexpected adjusted loss of $0.02 per share.
- Fiscal Q4 sales fell short of Wall Street's revenue forecast.
Viasat's stock declined significantly on Friday, ending the trading session down 7% after earlier drops of up to 12.9%. This market reaction followed the company's fiscal fourth-quarter 2026 earnings report, which concluded on March 31. The report revealed an unexpected adjusted loss of $0.02 per share, a figure that missed analyst predictions for a $0.32 per share profit.
Revenue for the quarter also underperformed, totaling $1.17 billion against an expected $1.20 billion. This shortfall, coupled with a recent explosion during a Blue Origin rocket launch, contributed to investor caution in the space-tech sector. Viasat projects mid-single-digit revenue growth for fiscal year 2027, with adjusted EBITDA expected to remain flat to slightly positive.
