Viasat, Inc. has recently released its 10-Q report, providing an insight into the company's financial condition and results of operations. Viasat is a global provider of communications technologies and services, offering broadband and communications products and services in the United States and internationally. The company operates through two segments: Communication Services and Defense and Advanced Technologies.
In the Communication Services segment, Viasat provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, residential and enterprise fixed broadband customers, and aviation, government, maritime, and fixed services. As of December 31, 2025, Viasat had its in-flight connectivity (IFC) systems installed and in service on approximately 4,460 commercial aircraft and approximately 2,100 business jets with Ka-band communication services. The company also provided Ka-band communication services to approximately 13,400 vessels and had approximately 143,000 subscribers for its U.S. fixed broadband business, with an average monthly revenue per user of $112.
In the Defense and Advanced Technologies segment, Viasat offers information security and cyber defense, space and mission systems, tactical networking, and advanced technologies and other products and services to government and commercial customers.
The report also includes forward-looking statements regarding future events and results, cautioning that actual results may differ materially due to various factors such as capacity constraints, competition, changes in economic conditions, government contracts, and technological developments.
The sources of revenues for Viasat's communication services segment primarily include aviation services, government satcom services, maritime services, fixed broadband services, and energy services. Revenues for the defense and advanced technologies segment are primarily derived from information security and cyber defense, space and mission systems, tactical networking, and advanced technologies and other products and services provided to government and commercial customers.
The company's revenues are primarily derived from fixed-price contracts and cost-reimbursement contracts, with a portion historically derived from customer contracts that include the development of products, mainly reported within the defense and advanced technologies segment. Viasat's ability to grow and maintain its revenues in each segment depends on its ability to identify and target markets where the customer places a high priority on the technology solution and obtain additional sizable contract awards. The market has reacted to these announcements by moving the company's shares 4.15% to a price of $45.94. Check out the company's full 10-Q submission here.
