Viasat (VSAT) Swings to Profit in Fiscal Q4 on Aviation Growth

Viasat Inc. (NASDAQ: VSAT) reported a net profit of $24 million, or $0.19 per share, for its fiscal fourth quarter ended March 31, 2026, reversing a year-ago loss of $87 million, or $0.70 per share, the company said on May 28. The swing to profitability was driven by surging demand for in-flight connectivity and disciplined cost management following its Inmarsat integration. Revenue rose 8% to $1.15 billion, exceeding analyst estimates of $1.12 billion. The satellite services segment, which includes commercial aviation, posted a 12% revenue jump to $780 million, contributing to an adjusted EBITDA of $402 million, up 15% year-over-year. The company’s defense and advanced technologies unit also saw modest growth. CEO Mark Dankberg highlighted strong free cash flow generation and deleveraging progress, with net debt reduced to $2.3 billion from $2.8 billion a year earlier. The results mark a turning point for the Carlsbad, California-based satellite operator, which had struggled with heavy debt and competitive pressures after the 2023 Inmarsat acquisition. Viasat provided fiscal 2027 revenue guidance of $4.6 billion to $4.8 billion, above consensus, boosting shares 5% in after-hours trading.