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Viasat (VSAT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 10, 2025
Viasat (VSAT) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -3% from the quarter before. Operating margin was 3.1%, net loss $51.8M (4.5% of revenue).
Viasat, Q2 FY26: revenue $1.1B (+2% year over year), operating margin 3.1%, net loss $51.8M, operating cash flow $282M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -3% | +2% |
| Operating profit | $35.8M | -23% | — |
| Net earnings | −$51.8M | — | — |
| Operating cash flow | $282M | +9% | +18% |
What changed
Revenue was $1.1B in Q2 FY26, up 2% year over year and down 3% from the previous quarter. Service was the largest line at 72% of revenue. Service added $0.02B year over year (up 3%), 125% of the total change. Product declined 1%.
Operating profit was $0.04B, a 3.1% margin (up 5.3 points year over year). Total costs fell 4% while revenue rose 2%. The fastest-growing cost line was Research & development (+27%). The quarter ended with a net loss of $0.05B, wider than the previous quarter's $0.05B loss. Net interest and other expense of $0.08B was the main reason.
Operating cash flow was $0.28B (up 18% year over year). Non-cash charges added back $0.33B of depreciation and amortization and $0.02B of share-based compensation.
Questions
What was Viasat's revenue in the second quarter fiscal 2026?
Viasat (VSAT) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +2% from a year earlier and -3% from the quarter before.
Was Viasat profitable in the second quarter fiscal 2026?
Operating profit was $35.8M (3.1% of revenue) and net loss $51.8M.
Source: Viasat 10-Q on SEC EDGAR.