Viasat, Inc. · NASDAQ:VSAT
Viasat — Q4 2026 Earnings Presentation
18 slides from Viasat's earnings presentation, May 28, 2026
Slide 1: Q4 FY2026 Earnings Results
Q4 FY2026 Earnings Results May 28, 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 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 $4.6B 23 Operational FY26 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 ViaSat-3 F2 ViaSat-3 F3 GX-7/8/9 Inmarsat-8 Phase’ Mechanical Final TVAC Environments Ground Test * Progress bars are not to scale and are for illustrative purposes only all future service dates are projections and are subject to change Ready to Ship Launch Campaign Launch O
Slide 6: ViaSat-3 Flight
ViaSat-3 Flight 3 o7 Arrives : : Reflector Inorbit | in GEO deployment testing EER SEP oF ‘ complete/ commences : . : Boe F . North radiator Ss ac “start of deployment ; orbit raising : " (5) South radiator é F soot pa 4: . . : : 3 deployment 4 : i as . ? Solar array ’ : ! deployment Ground station
Slide 7: Financial & Operational Highlights
Q4 FY2026 Financial & Operational Highlights Strong Momentum Continues in our Franchises $1,498 $1,170 $1,183 $1,280 › Generated strong revenue growth in information security and cyber defense, space $971 and mission systems, and aviation Awards › Aviation experienced continued growth, driven by inc
Slide 8: Financial Summary
Q4 FY2026 Financial Summary Q4 Q4 Incr/ ($ Millions) Comments FY2026 FY2025 (Decr) › Defense and Advanced Technologies (DAT) segment revenues increased by 12% Revenue $1,171 $1,147 $24 YoY while Communication Services (CS) segment revenues declined by 2% YoY. Growth in information security and cyber
Slide 9: Financial Highlights – Communication Services
Q4 FY2026 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line $1,031 ($Ms) › Segment awards increased by 13% YoY, driven by $774 $754 $877 Service Revenue $671 growth in maritime and government satcom of 59% $294 and 18%, re
Slide 10: Financial Highlights – Defense and Advanced Technologies
Q4 FY2026 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance › Segment backlog reached a record $1.2 billion, Awards ($Ms) Revenue by Business Line representing an increase of 23% YoY and 3% ($Ms) $428 $467 Product Revenue sequentially, with a book-t
Slide 11: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Ms) ($ Millions) Awads As of March 31, 2026 As of March 31, 2025 Prodct Revenue › Driven by tactical networking products, antenna systems and recurring IP licensing Cash and cash equivalents 1,747 1,170 (1) Revolving credit facility availability 1,148 1,143 Total Liquidit
Slide 12: Maturity Profile
Maturity Profile Debt Maturity Schedules as of March 31, 2026 ($ Billions) Debt Profile ($Ms) as of Prodct March 31, 2026 Revenue $3.5 $3.0 $2.5 $2.0 $1.5 83% 59% Fixed Rate $1.0 Secured Debt $0.5 $0.0 FY27 FY28 FY29 FY30 FY31 FY32 FY33 and Secured Unsecured Fixed Floating Thereafter Viasat 2027 Sec
Slide 13: FY2027 Financial Guidance Update
FY2027 | Financial Guidance Update FY2026 FY2027 Guidance Total Revenue $4,640M Mid-single-digit Communications Services $3,300M Low-single-digit Revenue Defense and Advanced Technologies $1,341M Mid-teens Revenue Adjusted EBITDA $1,550M Flat to up slightly Operating Cash Flow (1) $1,170M Flat Capit
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% 4.4% 4.4% 4.1% 3.7% 3.5% 3.2% 2.9% 2.9% 2.6% Defense & Advanced Technologies 2.3% $47 3.2% 2.0% $42 Communication Services $42 % of Revenue - Total % of Revenue - Defense & Advanced Technologies % of Revenue - Communication Services $34 $34 27 22 26 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