Description

Viasat’s Defense Segment Surges: Could DAT Become The Hidden Growth Engine?

Viasat, Inc.’s fiscal year 2026 financial results reflect a combination of progress in strategic initiatives and ongoing challenges in certain business segments. The company reported record new contract awards and backlog, with awards increasing 9% year-over-year to approximately $1.3 billion and backlog reaching a record $4.1 billion, up 15%. Total revenue grew modestly by about 2% to $1.2 billion in the fourth quarter, supported primarily by a strong 12% increase in the Defense & Advanced Technologies (DAT) segment. Adjusted EBITDA was essentially flat, decreasing 1%, attributed to higher research and development expenses related to growth projects and impacts from the U.S. government shutdown. Segment performance was mixed. The Communication Services segment experienced a 2% revenue decline due to a 24% drop in fixed residential broadband subscribers and a 1% decline in maritime revenue.