ViaSat Inc. Reports 3% Revenue Growth and $34.1 Million Net Loss for Fiscal Year 2026

**ViaSat Inc. Reports Fiscal Year 2026 Results**

ViaSat Inc. (VSAT) has released its financial results for the fiscal year ended March 31, 2026, showcasing a modest increase in total revenues. The company reported total revenues of $4.64 billion, up 3% from $4.52 billion in the previous fiscal year. This growth was fueled by a $72.1 million increase in product revenues and a $48.6 million increase in service revenues. However, the company reported a net loss attributable to ViaSat, Inc. of $34.1 million, compared to a net loss of $575.0 million in fiscal year 2025.

The communication services segment experienced a slight revenue increase, with total segment revenues rising by an insignificant amount to $3.30 billion. Service revenues in this segment increased by $34.9 million, driven by growth in aviation and government satcom services, which was offset by a decrease in fixed services and maritime revenues. Product revenues in the communication services segment decreased by $33.7 million. The defense and advanced technologies segment demonstrated stronger growth, with revenues increasing by 10% to $1.34 billion. This was driven by a $105.8 million increase in product revenues and a $13.8 million increase in service revenues.

Key operational metrics included approximately 4,580 commercial aircraft equipped with ViaSat's in-flight connectivity (IFC) systems, and approximately 130,000 U.S. fixed broadband subscribers with an average monthly revenue per user of $113. The company also highlighted its diverse portfolio of market-leading defense and government offerings, with new awards in the defense and advanced technologies segment growing to $1.6 billion in fiscal year 2026. As of March 31, 2026, the company employed approximately 7,000 individuals worldwide, with 66% of its workforce located in the United States.

Looking ahead, ViaSat anticipates that approximately 1,000 additional commercial aircraft will be put into service with its IFC systems under existing customer agreements. The company also expects growth in its defense and advanced technologies business to be driven by increasing reliance on space-based assets for military operations and growing demand for resilient communications. The company's strategy includes driving capital efficiencies, focusing on technology leadership, and expanding into new markets and geographies. The company's firm backlog as of March 31, 2026, was $4.07 billion, with a funded backlog of $3.79 billion.