Viasat, Inc. · NASDAQ:VSAT
Viasat — Q3 FY2026 Earnings Presentation
18 slides from Viasat's earnings presentation, Feb 5, 2026
Slide 1: Q3 FY2026 Earnings Results
Q3 FY2026 Earnings Results February 5, 2026
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, sta
Slide 3: Viasat
Viasat 40+ years 74 Countries around Enduring value the world Continuing to serve customers Multi-national company working who rely on our services closely with customer and partners while innovating new to serve local market needs generations of technology $4.5B 23 Operational FY25 Revenue satellit
Slide 4: Current and future satellite fleet
Current and future satellite fleet Satellites shown with service entry dates This diagram is for illustrative purposes only. All future service dates are projections and are subject to change. The locations of the satellites shown do not reflect the current actual locations. 4
Slide 5: Viasat Satellite Roadmap
Viasat Satellite Roadmap Phase’? Key Design Satellit . jatellite Differentiator por COR | ART © TVAC gtvronments GroundTest| to'ship launch Rg lor Highest ViaSat-3 F2 Lane | Capacity & 2026) Flexibility - Multi-dimensional, ; + driving global coverage & capacity Polar i ilizati 6 ind high utilizatio
Slide 6: ViaSat-3 Flight
ViaSat-3 Flight 2 Solar array deployment Radiator deployment Arrives in GEO Reflector Inorbit | . Service entry deployment —_ testing complete _ commences tation integration across 200+ satellite ss nodes (SANs) across the Americas Within one week after launch* Launch + 3-4 months* Launch + 4-5 mont
Slide 7: Q3 FY2026 Financial & Operational Highlights
Q3 FY2026 Financial & Operational Highlights Strong Momentum Continues in our Franchises $1,498 $1,078 $1,170 $1,183 › Generated strong revenue growth in aviation, tactical networking, and information $971 security and cyber defense Awards › Aviation continued growth reflected increased aircraft in
Slide 8: Q3 FY2026 Financial Summary
Q3 FY2026 Financial Summary Q3 Q3 Incr/ ($ Millions) Comments FY2026 FY2025 (Decr) › Defense and Advanced Technologies (DAT) segment revenues grew 9% YoY while Revenue $1,157 $1,124 $33 Communication Services (CS) grew 1% YoY. Growth in aviation, tactical Growth/(Decline) % 3% networking, and inform
Slide 9: Financial Highlights – Communication Services
Q3 FY2026 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line $1,031 ($Ms) Service Revenue › Segment awards declined 11% YoY reflecting fewer $751 $774 $754 $671 aviation purchase orders, lower FS&O awards, and the $304 impa
Slide 10: Financial Highlights – Defense and Advanced Technologies
Q3 FY2026 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line ($Ms) › Segment backlog reached $1.2 billion, an increase of $428 $467 Product Revenue $395 27% YoY and a decline of 3% sequentially. Book-to-bill $327
Slide 11: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Ms) ($Millions) Awads As of December 31, 2025 As of March 31, 2025 Prodct Revenue › Driven by tactical networking products, antenna systems and recurring IP licensing Cash and cash equivalents 1,346 1,170 (1) Revolving credit facility availability 1,145 1,143 Total Liquid
Slide 12: Maturity Profile
Maturity Profile Debt Maturity Schedules as of December 31, 2025 ($ Billions) Debt Profile ($Ms) asProdct ofRevenue December 31, 2025 $3.5 $3.0 $2.5 $2.0 $1.5 82% 58% Fixed Rate $1.0 Secured Debt $0.5 $0.0 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 and Secured Unsecured Fixed Floating Thereafter Viasat
Slide 13: FY2026 Financial Guidance Update
FY2026 | Financial Guidance Update1 Prior FY2026 Guidance Updated FY2026 Guidance Better/Worse Total Revenue Low Single Digit Low Single Digit Communications Flat Flat Services Revenue Defense and Advanced Mid-teens Mid-teens Technologies Revenue Adjusted EBITDA Flattish Flat Operating Cash Flow Dou
Slide 14: Supplemental
Supplemental Viasat
Slide 15: Segment Descriptions
Segment Descriptions Communication Services Aviation Government Satcom Maritime Fixed Services & Other › In-flight connectivity, wireless in-flight › Offers highly trusted and secure › Solutions support vessel operation, › Connectivity solutions for fixed entertainment and safety services interconne
Slide 16: Research and Development
Research and Development 6.8% 6.1% 5.4% 5.0% 4.4% 4.1% 3.7% 3.3% 3.2% 2.9% 2.9% Defense & Advanced Technologies 2.6% 2.6% 2.3% $47 Communication Services 2.0% $42 % of Revenue - Total % of Revenue - Defense & Advanced Technologies $37 $34 $34 % of Revenue - Communication Services 27 22 21 16 19 21 2
Slide 17: Thank you
Thank you 17
Slide 18: GAAP reconciliation
GAAP reconciliation This presentation includes non-GAAP financial measures such as Adjusted EBITDA, net debt, and free cash flow to supplement Viasat’s consolidated financial statements presented on a GAAP basis. We believe these measures are appropriate to enhance an overall understanding of Viasat