ViaSat-3 F3 entered in-orbit testing ahead of expected APAC service entry, while maritime NexusWave orders neared 3,200 vessels and Hapag-Lloyd agreed to deploy it fleetwide.
Q1 FY2027 results
Viasat posted Q1 FY2027 revenue of $1.16 billion, down 1% from a year earlier, while non-GAAP adjusted EBITDA fell 7% to $381 million.
Awards climbed 10% to $1.3 billion, while backlog rose 19% to $4.22 billion, led by a 32% jump in Defense and Advanced Technologies backlog.
Operating cash flow increased 13% to $291 million, while capital expenditures rose 11% to $219 million.
Free cash flow excluding non-recurring items totaled $72 million; the company reiterated FY2027 free cash flow guidance of about $180 million.
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