ViaSat, Q2 2027 Earnings Call Transcript

Viasat expects fiscal 2027 revenue growth in the mid-single digits, roughly flat adjusted EBITDA, free cash flow above $225 million and capital spending of $850–900 million. Growth is led by Defense and Advanced Technologies (DAT), where revenue is forecast to rise in the mid- to high teens, supported by a strong backlog and demand for secure communications, cyber defense, tactical networking and space systems. ViaSat-3 satellites are in service, and the company says the costly infrastructure investment phase is largely behind it, shifting focus to monetization, cash generation and debt reduction.

Communication Services faces pressure from declines in fixed broadband and maritime, while aviation assumptions have been revised; aviation revenue is expected to decline in fiscal 2028, with the company assessing cost measures. For fiscal 2027, the segment is expected to be broadly flat, with government SATCOM and aviation growth offsetting weakness elsewhere. Management cites intensifying commercial competition but expects strong contract awards and continued DAT growth, while its strategic review remains active.