Viasat Q3 Profit Hits $25M, Revenue Misses Estimates and Price Target Rises
Viasat reported Q3 revenue of $1.16 billion versus $1.17 billion expected and swung to a $25 million net profit from a $158 million loss a year earlier. Higher interest income from deferred Ligado payments drove results and prompted Deutsche Bank to upgrade to Buy with a $48 price target.
1. Q3 Financial Performance
For the quarter, Viasat generated $1.16 billion in revenue, slightly below the $1.17 billion consensus, and recorded net income of $25 million, reversing a $158 million loss reported in the prior year period.
2. Impact of Deferred Ligado Payments
A lump-sum settlement of deferred Ligado payments boosted interest income substantially, transforming the company’s bottom line and offsetting operational shortfalls.
3. Analyst Upgrade and Outlook
Following the results, Deutsche Bank raised its rating to Buy and lifted the price target from $36 to $48, reflecting an anticipated valuation rerating and approximately 8% upside to the median $48.50 consensus target.