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How Viasat (VSAT) makes money

Viasat (VSAT) made $1.2B of revenue in the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier. Service brought in $821M (70%); Product brought in $359M (30%).

Drawing the Sankey…

Viasat revenue by segment, Q2 FY27Viasat revenue by segment, Q2 FY27Service$821MProduct$359M
Viasat: revenue by line, Q4 FY25 to Q2 FY27Viasat: revenue by line, Q4 FY25 to Q2 FY27ServiceProductService: $821M latest$821MProduct: $359M latest$359MQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
The mix barely moved between Q4 FY25 and Q2 FY27.
Viasat revenue by quarterViasat revenue by quarter$1.1BQ4 FY25$1.2BQ1 FY26$1.1BQ2 FY26$1.2BQ3 FY26$1.2BQ4 FY26$1.2BQ1 FY27$1.2BQ2 FY27
Viasat: where each dollar of revenue goesViasat: where each dollar of revenue goesIncome tax3¢Operating cash flow24¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Service$821M69.5%-1%-0.1%
Product$359M30.5%+11%+13%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$1.2B100.0%
Income tax$40.8M3.5%
Operating cash flow$285M24.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$1.2B+3%
Q1 FY27$1.2B-1%
Q4 FY26$1.2B+2%
Q3 FY26$1.2B+3%
Q2 FY26$1.1B+2%
Q1 FY26$1.2B+4%
Q4 FY25$1.1B-0.3%

From Viasat's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Viasat make money?

Viasat (VSAT) made $1.2B of revenue in the second quarter fiscal 2027 (Q2 FY27), +3% from a year earlier. Service brought in $821M (70%); Product brought in $359M (30%).

What is Viasat's biggest business?

Service: $821M in the second quarter fiscal 2027, 70% of revenue, -0.1% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.