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Viasat (VSAT) Q2 FY27 earnings results (second quarter fiscal 2027)

10-Q filed Nov 6, 2026

Viasat (VSAT) reported revenue of $1.2B for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +2% from the quarter before. Operating margin was 0.6%, net loss $120M (10.2% of revenue).

Revenue$1.2B
Year over year+3%
Quarter over quarter+2%
Operating margin0.6%
Net earnings−$120M

Viasat, Q2 FY27: revenue $1.2B (+3% year over year), operating margin 0.6%, net loss $120M, operating cash flow $285M. The chart follows the revenue to costs, profit and cash.

Q2 FY27AmountQ/QY/Y
Revenue$1.2B+2%+3%
Operating profit$7.1M-85%-80%
Net earnings−$120M——
Operating cash flow$285M+9%+1%

What changed

Revenue was $1.2B in Q2 FY27, up 3% year over year and up 2% from the previous quarter. Service was the largest line at 70% of revenue. Product added $0.04B year over year (up 13%), 102% of the total change.

Operating profit was $0.01B, a 0.6% margin (down 2.5 points year over year). Operating profit fell $0.03B even though revenue rose $0.04B versus Q2 FY26, so costs grew faster than sales. Total costs grew 6% against revenue growth of 3%. The fastest-growing cost line was Research & development (+41%). The quarter ended with a net loss of $0.12B, wider than the previous quarter's $0.04B loss. Net interest and other expense of $0.09B was the main reason.

Operating cash flow was $0.28B (up 1% year over year). Non-cash charges added back $0.33B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.04B.

Questions

What was Viasat's revenue in the second quarter fiscal 2027?

Viasat (VSAT) reported revenue of $1.2B for the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier and +2% from the quarter before.

Was Viasat profitable in the second quarter fiscal 2027?

Operating profit was $7.1M (0.6% of revenue) and net loss $120M.

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Source: Viasat 10-Q on SEC EDGAR.