Viasat, Inc. — Cyborg Score 4/10

Mixed
Satellite Communications & Broadband

Strategic Profile

Viasat operates through Communication Services and Defense and Advanced Technologies segments, offering satellite-based broadband and narrowband communications solutions, in-flight connectivity, and space system solutions for geostationary, medium, and low earth orbit. The company is strategically positioned to leverage its technological capabilities in both commercial and defense markets.

Cyborg Score Rationale

Viasat's fiscal 2026 revenue and EBITDA are aligning well with initial expectations and the company has outperformed in cash generation. However, the company faces challenges with a net margin of -11.4% and an Altman Z-Score of 0.67 placing it in the distress zone.

Top Insights

  • ViaSat-3 satellites have experienced deployment delays, with Flight 2 expected to commence services by May and Flight 3 anticipated shortly after
  • Market capitalization of $5.06 billion with revenue of $4.58 billion, but 3-year revenue growth of only 2.2%
  • The company faces significant headwinds in its fixed broadband business due to bandwidth constraints in the US
  • Viasat is investing in next-generation user terminals and additional bandwidth sources, positioning itself for growth in aviation, maritime, and government sectors

Named Competitors

  • Starlink — LEO satellite internet constellation
  • Project Kuiper — LEO satellite broadband network
  • Intelsat — GEO satellite communications provider
  • SES — GEO/MEO satellite operator

Recent Developments

  • (February 2026) Viasat reported Q3 FY2026 results on February 5, showing revenue of $1,157 million and net income of $24.97 million, a shift from a net loss a year earlier
  • (November 2025) Barbara Frenkel appointed to Board of Directors, bringing 30+ years of leadership in automotive and transport sector with responsibility for global procurement and supply chain
  • (2026) ViaSat-3 Flight 2 launched with Flight 3 expected, both satellites scheduled to enter service in 2026

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