Hagay serves as Gilat’s Chief Product and Marketing Officer. Prior to joining Gilat, Hagay served as VP Strategic Accounts – Cyber Security at Allot Communications (Nasdaq – ALLT) where he was instrumental in transforming Allot to be the market leader of network-based cyber-security as-a-service for communication Service Providers. Previously he served as Gilat’s Head of the VSAT Line of Business. In this period Gilat became the world leader for LTE cellular and commercial In-Flight broadband Connectivity over satellite. Earlier in his career, Hagay held senior positions in Sales, Marketing and Product Management at Modu Mobile, PacketLight Networks, which he co-founded (Acquired) and Telstra Research Laboratories. Hagay started his career in an elite technology unit of the IDF and is the co-author of nine granted patents. Hagay holds a BSc and MSc in Electronic Engineering from Tel-Aviv University and an MBA from Monash University.
Good day, Mr. Katz. One of the hottest topics in the industry currently is Virtualization—why is this gainging so much traction?
Hagay Katz
The demand for more flexible, scalable, and agile infrastructure is growing across the communications ecosystem—and satellite is no exception.
As operators face evolving service requirements, dynamic traffic patterns, and increasing integration with terrestrial and cloud-based networks, virtualization becomes essential. It allows them to modernize without being locked into rigid hardware deployments (disaggregate hardware from software) and helps future-proof their operations in an increasingly software-defined world.
What is Gilat’s advantage in the virtualization era?
Hagay Katz
Gilat has a unique proposition. This company is the only vendor that possesses a Next Generation system—SkyEdge IV (SE4)—that is already operational on software defined satellites by the satellite operators.
We transition this system to the cloud—with all its features and capabilities intact. This allows “one leg in the ground” evolution to our customers. This is a truly, major differentiation.
For operators, the transition to a virtualized environment can sound daunting. Is it?
Hagay Katz
It doesn’t have to be. The key is to ensure a seamless, phased migration path—one that doesn’t disrupt service or require extensive hardware replacements.
The best solutions today allow operators to retain their service levels while gradually virtualizing key functions; this is the foundation of SE4’s virtualization migration. That means no modem swaps, no forced upgrades—just a smooth evolution toward a more agile and efficient architecture.
From an industry-wide perspective, what does the move to virtualization signal?
Hagay Katz
It signals a broader digital transformation. SATCOM is no longer a siloed ecosystem—it’s becoming an integral part of the global communications fabric.
Virtualization opens the door to faster innovation, broader interoperability, and more service-centric business models. It’s not just a technical shift—it’s a strategic one that Gilat has firmly embraced,and it will define the next decade of satellite communications.
From a business perspective, what makes the move to virtualization such a transformational shift for the satellite industry?
Hagay Katz
Virtualization alters the entire business model as it allows satellite operators to shift from hardware-bound infrastructure to a software-driven, service-oriented approach.
At Gilat, this evolution is reflected in the transformation of our SE4 platform into a true Platform-as-a-Service (PaaS) model. This means operators can consume network functions as software, scale services more efficiently as well as bring new offerings to market, faster, and without the operational constraints of traditional ground systems.
This is not just a technical upgrade; this is a strategic leap that redefines how satellite connectivity is delivered and monetized.
Gilat reports Q2 2025 results
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Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), has reported its results for the second quarter, ended June 30, 2025.
Second Quarter 2025 Financial Highlights
♦ Revenues of $105 million, up 37% compared with $76.6 million in Q2 2024;
GAAP operating income of $5.7 million, compared with GAAP operating income of $2.8 million in Q2 2024
♦ Non-GAAP operating income of $9.3 million, compared with $7.3 million in Q2 2024
♦ GAAP net income of $9.8 million, or $0.17 per diluted share, compared with GAAP net income of $1.3 million, or $0.02 per diluted share, in Q2 2024
♦ Non-GAAP net income of $12 million, or $0.21 per diluted share, compared with $5.6 million, or $0.10 per diluted share, in Q2 2024
♦ Adjusted EBITDA of $11.8 million, compared with $10.1 million in Q2 2024, which includes a loss of about $1.5 million from Gilat Stellar Blu’s ramp up process. Adjusted EBITDA, excluding such loss, was $13.3 million.
Forward-Looking Expectations
On the strength of our results year-to-date, improved visibility and business momentum, management now expects revenue for 2025 between $435 million and $455 million, representing a higher revenue growth rate of approximately 46% at the midpoint. Previously management had expected revenue for 2025 between $415 million and $455 million, for a 42% growth rate at the midpoint..
Adjusted EBITDA for 2025 is now expected to be between $50 million and $53 million for a higher growth rate of approximately 22% at the midpoint, compared to the previous guidance for EBITDA to be between $47 million and $53 million.
Management Commentary
Adi Sfadia, Gilat’s CEO, said, “Gilat’s second quarter results were strong, demonstrating momentum across our growth engines and successful execution of our growth strategy. Gilat Defense is extending its reach by leveraging top-line synergies between Gilat and DataPath and offering a broader range of solutions to defense customers in the U.S. and among its allies. With a unified structure enabling faster response to customers’ mission needs and innovation across our portfolio, we are well-positioned to meet growing global demand driven by geopolitical tension and shifting budget priorities in favor of satellite communications.”
gilat.com