Viasat (VSAT)
Connects aircraft, ships, homes, and governments while building secure satellite and networking systems.
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Sells broadband and narrowband satellite services to aviation, maritime, government, enterprise, and residential customers, alongside secure networking, cybersecurity, tactical communications, and space systems. Revenue is led by recurring connectivity services delivered over owned, leased, and partner satellites, with government and equipment contracts adding product sales.
Provides broadband and narrowband connectivity for commercial aviation, maritime, government, enterprise, residential, and IoT customers. Communication Services combines owned, leased, and partner satellites with ground infrastructure and terminals; its main lines are aviation, government satcom, maritime, and fixed services, with near-global coverage including oceanic and polar reach.
Builds secure communications products through Defense and Advanced Technologies, spanning information security and cyber defense, space and mission systems, tactical networking, and emerging direct-to-device work. Vertically integrated engineering links satellites, modems, antennas, gateways, encryption, and managed services across commercial and government programs.
Recurring service revenue is complemented by equipment and system sales. Operations depend on satellite performance and launch execution, access to licensed spectrum and orbital positions, country-level market access, and government procurement and export-control rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Morgan Stanley | Target | Target: $51 | Target: $95 |
| Aug 5, 2026 | Needham | Reiterate | Rating: —Target: $90 | Target: $105 |
| Jun 29, 2026 | Oppenheimer | Initiate | Rating: —Target: — | Target: $140 |
| Jun 1, 2026 | Deutsche Bank | Target | Target: $48 | Target: $97 |
| Jun 1, 2026 | Needham | Reiterate | Rating: —Target: $19 | Target: $90 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.74B · Total debt $6.93B · Total assets $15.11B · Shareholders' equity $4.64B
- Revenue
- $1.16B
- Operating income
- $47.3M
- Net income
- −$51.7M
No dividends on record.
| Institutions | ≈ 102.86% | 141.70M shares | |
|---|---|---|---|
| 520 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.45% | 1.99M shares | |
| 22 holders · as of Sep 21, 2026 | |||
| Strategic holders | 5.89% | 8.11M shares | |
| 1 holder · as of May 23, 2025 | |||
| Adds to | 110.20% | ||
137.76M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 110.20%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.06% | 20.75M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.70% | 9.23M | as of Jun 30, 2026 |
WP Triton Co-Invest, L.P.1,2Strategicother: See remarks. | 5.89% | 8.11M | filed May 23, 2025 |
State Street CorpInstitution | 4.42% | 6.09M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.28% | 5.89M | as of Jun 30, 2026 |
- WP Triton Co-Invest, L.P.'s transaction reports restate only vehicles that traded; the 2025 ownership statement (8.11M) is used instead.
- WP Triton Co-Invest, L.P. reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | John P. Stenbit | director | −705 | $66.75 |
| Sep 1, 2026 | Benjamin Edward Palmer | officer: SVP, Pres Commercial | −2,000 | $66.75 |
| Aug 20, 2026 | Garrett L. Chase | officer: SVP, Chief Financial Officer | −4,000 | $74.90 |
| Aug 7, 2026 | Richard A. Baldridge | director | −223,542 | $80.62 |
| Aug 7, 2026 | Robert James Blair | officer: SVP, General Counsel | −27,064 | $79.76 |
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GEO Ka-band broadband and gov satcom peer; HughesNet ~783K subscribers.
- Iridium Communications
L-band LEO MSS; overlaps Inmarsat GMDSS, aviation safety, and IoT.
- Telesat
Canadian Ka-band GEO+LEO operator building Lightspeed for IFC and enterprise.
- Globalstar
L/S-band LEO MSS and IoT; overlaps Inmarsat L-band in narrowband and D2D.
- KVH Industries
Maritime VSAT and multi-orbit managed connectivity; head-to-head on vessels.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Viasat | $76.61 | +0.30% | $10.52B | — | — | 2.3 | −1.2% |
| EchoStar | $86.98 | −5.04% | $25.07B | — | 38.3 | 1.7 | −5.2% |
| Iridium Communications | $48.40 | +0.40% | $5.11B | 54.8 | 41.0 | 5.8 | +3.8% |
| Telesat | $52.08 | +1.31% | $760.2M | — | — | 2.9 | −28.2% |
| Globalstar | $82.87 | −0.20% | $10.69B | — | — | 38.1 | −3.5% |
| KVH Industries | $7.24 | +0.70% | $140.2M | — | 16.5 | 1.1 | +26.7% |
| Median | 54.8 | 38.3 | 2.9 | −3.5% |