Slide 1: Q2 FY2026 Earnings Results
Q2 FY2026 Earnings Results November 7, 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 73 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 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 Satellite ViaSat-3 F1 ViaSat-3 F2 ViaSat-3 F3 GX-10A/B GX-7/8/9 Inmarsat-8 Phase’? Mechanical __ Final. Ready Launch Orbit BOR Gy Cy TVAC Environments GroundTest| toShip Campaign "Ch Raising Koc | ae * Progress bars are not to scale and are for illustrative purposes only 2 T
Slide 6: Viasat satellite roadmap
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: Financial & Operational Highlights
Q2 FY2026 Financial & Operational Highlights Strong Momentum Continues in our Franchises $1,498 › Generated strong revenue growth in aviation, government satcom, and information $1,275 $1,170 $1,183 $1,078 security and cyber defense Awards › Achieved records in both awards and backlog ($Ms) › Aviati
Slide 8: Financial Summary
Q2 FY2026 Financial Summary Q2 Q2 Inc/ ($ Millions) Comments FY2026 FY2025 (Dec) › Defense and Advanced Technologies (DAT) segment revenues grew 3% YoY while Revenue $1,141 $1,122 $19 Communication Services (CS) grew 1% YoY. Growth in aviation and government satcom services, and information security
Slide 9: Financial Highlights – Communication Services
Q2 FY2026 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line(1) $1,031 ($Ms) Service Revenue › Segment awards YoY growth in government $765 $751 $774 $754 satcom, aviation and maritime partially offset by $301 declines in F
Slide 10: Financial Highlights – Defense and Advanced Technologies
Q2 FY2026 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line $510 ($Ms) › Backlog increased to a record $1.2 billion, up 31% $428 $467 Product Revenue $395 $327 YoY and 14% sequentially. Book-to-bill of 1.5x $95
Slide 11: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Ms) ($Millions) Awads Q2 FY25 Q2 FY26 Prodct Revenue › Driven by tactical networking products, antenna Cash and cash equivalents and short-termsystems and recurring IP licensing 1,556 (1) 1,230 investments Revolving credit facility availability 1,138 1,147 Total Liquidity
Slide 12: Maturity Profile
Maturity Profile Debt Maturity Schedules as of September 30, 2025 ($ Billions) Debt Profile ($Ms) asProdct of Revenue September 30, 2025 $3.5 $3.0 $2.5 $2.0 $1.5 83% (3) 55% (3) Fixed Rate Secured Debt $1.0 $0.5 $0.0 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 and Secured Unsecured Fixed Floating Therea
Slide 13: 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 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% 5.4% 5.0% 4.6% 4.4% 3.7% 3.3% 3.0% 2.9% 2.9% Defense & Advanced Technologies 2.6% 2.6% 2.4% 2.3% Communication Services 2.0% $42 % of Revenue - Total % of Revenue - Defense & Advanced Technologies $37 $33 $34 $34 % of Revenue - Communication Services 22 21 16 19 20 21 1
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