Viasat, Inc. · NASDAQ:VSAT
Viasat — Q1 2026 Earnings Presentation
17 slides from Viasat's earnings presentation, Aug 5, 2025
Slide 1: Q1 FY2026 Earnings Results
Q1 FY2026 Earnings Results August 5, 2025
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 76 Countries around Enduring value the world Continuing to serve customers Global team working closely with who rely on our services our customers and partners while innovating new generations of technology $4.5B 23 Operational FY25 Revenue satellites in space ~7K 8 Greater capacity
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 This diagram service datesisare forprojections illustrative purposes only. to change. and are subject All future The launch locations dates of the are projections s
Slide 5: Viasat satellite roadmap
Viasat satellite roadmap f —- Phase? Satellite POR CDR_| AIT —TVAE—gtvirnments GroundTest| toship Campsign 24" Rosing ——_(1OT Inmarsat-8 PR occ | + Progress bars are not to scale and are for illustrative purposes only 2 The names of certain key partners have been redacted for confidentiality reasons
Slide 6: Q1 FY2026 Financial & Operational Highlights
Q1 FY2026 Financial & Operational Highlights Strong Momentum Continues in our Franchises $1,275 $1,183 $1,162 $1,078 $1,170 › Defense & Advanced Technologies (DAT) growth driven by information security and cyber defense and space and mission systems, with continued growth Awards indicators including
Slide 7: Q1 FY2026 Financial Summary
Q1 FY2026 Financial Summary Q1 Q1 Inc/ ($ Millions) Comments FY2026 FY2025 (Dec) › Defense and Advanced Technologies (DAT) segment revenues grew 15% YoY while Revenue $1,171 $1,126 $45 Communication Services (CS) remained flat. Growth in both information security Growth/(Decline) % 4% and cyber defe
Slide 8: Financial Highlights – Communication Services
Q1 FY2026 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line(1) ($Ms) Service Revenue › Segment awards YoY growth in aviation and $811 $765 $751 $774 $754 maritime were more than offset by declines in US $293 fixed broadban
Slide 9: Financial Highlights – Defense and Advanced Technologies
Q1 FY2026 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line $510 ($Ms) › Backlog increased to $1.1 billion, up 49% YoY $395 $428 Product Revenue $351 $327 and 8% sequentially. Book-to-bill of 1.2 $102 $88 › Awar
Slide 10: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Ms) ($Millions) Awads Q1 FY25 Q1 FY26 Prodct Revenue › Driven by tactical networking products, antenna Cash and cash equivalents and short-termsystems and recurring IP licensing 1,812 1,177 investments Revolving credit facility availability 1,138 1,146 Total Liquidity Rev
Slide 11: Debt Maturity Profile
Debt Maturity Profile Debt Maturity Schedules as of June 30, 2025 ($ Billions) Debt Profile ($Ms) asRevenue Prodct of June 30, 2025 $3.5 $3.0 $2.5 $2.0 $1.5 83% 55% Fixed Rate Secured Debt $1.0 $0.5 $0.0 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 and Secured Unsecured Fixed Floating Thereafter Ex-Im Cr
Slide 12: FY2026 | Financial Guidance Update
FY2026 | Financial Guidance Update 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 Flattish Operating Cash Flow
Slide 13: Supplemental
Supplemental Viasat
Slide 14: 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 15: Research and Development
Research and Development 5.4% 5.0% 4.6% 4.3% 4.4% 3.4% 3.3% 3.0% 2.9% 2.9% 3.1% Defense & Advanced Technologies 2.6% Communication Services 2.4% 2.3% % of Revenue - Total $39 2.0% % of Revenue - Defense & Advanced Technologies $37 $33 $34 $34 % of Revenue - Communication Services 26 21 16 20 19 15 1
Slide 16: Thank you
Thank you 16
Slide 17: 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