ViaSat is a satellite communication equipment company with 35% analyst upside to a target of $77.32, a Piotroski F-Score of 8/9, and strong earnings beats in 3 of 4 quarters, but the business fails the quality threshold with a score of 3.0, generating near-zero net margins and no competitive moat, making it a speculative recovery thesis rather than a quality investment.
Thesis pillars
- Analyst Upside With Quality Gap↑Improving
- Piotroski Score Structural Health→Stable
- Earnings Beat Volatile Record→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed May 29, 2026· older than 90 days
ViaSat, Inc. (VSAT) Stock Analysis
Range Bound setup
Technology · Communication Equipment
Sell if holding. Engine safety override at $66.79: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10 and A.R:R 2.4:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 10%; Elevated put/call ratio: 1.37; Below-average business quality.
Viasat provides satellite-based broadband and narrowband communications through two segments—communication services (aviation IFC on ~4,580 commercial aircraft, maritime on ~13,200 vessels, U.S. fixed broadband, and government satcom) and defense and advanced technologies... Read more
Sell if holding. Engine safety override at $66.79: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10 and A.R:R 2.4:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 10%; Elevated put/call ratio: 1.37; Below-average business quality. Chart setup: RSI 56 mid-range, Bollinger mid-band. Score 5.0/10, moderate confidence.
Passes 6/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on earnings proximity 0d<=7d. Suitability: aggressive.
About ViaSat, Inc.
About ViaSat, Inc.
Viasat's communication services and defense and advanced technologies segments together serve aviation, maritime, government, consumer, and enterprise customers through a fleet of 23 in-service or operational satellites spanning Ka-, L- and S-bands as of March 31, 2026. The defense segment's new awards reached $1.6 billion in fiscal year 2026, up from approximately $0.6 billion in fiscal 2018. The communication services segment served approximately 4,580 commercial aircraft with in-flight connectivity and roughly 13,200 vessels with Ka-band maritime services, while U.S. fixed broadband had approximately 130,000 subscribers at an average monthly revenue per user of $113.
Viasat generates recurring subscription and service revenue from aviation IFC agreements, maritime broadband subscriptions, and fixed broadband. The defense and advanced technologies segment earns from U.S. Government contracts for encryption systems (including HAIPE-compliant Type 1 solutions capable of operating at speeds up to 200 Gbps), cybersecurity products, the MOJO expeditionary tactical gateway product family, and small satellite development. U.S. Government revenues represent a significant percentage of total revenues, making the defense business sensitive to congressional appropriations cycles and program-level funding decisions—the 10-K notes that substantially all U.S. Government backlog can be terminated at the government's convenience with limited or no penalties. In commercial aviation, Viasat faces growing competition from Starlink LEO services and increasingly capable cellular and Wi-Fi alternatives. The 2023 Inmarsat acquisition added eight L-band satellites and the GX satellite series, expanding maritime and aviation capacity.
Show full overview
U.S. Government contract concentration is the defining risk concentration across both segments. Defense new awards grew from $0.6 billion in fiscal 2018 to $1.6 billion in fiscal 2026, yet the 10-K states that programs depend on annual congressional appropriations, that agencies may operate under continuing resolutions that limit new spending initiatives, and that budget cuts could reduce funds available for resilient communications, tactical networking, and small satellite programs. Contract terminations-for-convenience—permitted under substantially all U.S. Government backlog—could reduce delivered revenue without proportionate penalties to the government.
See also: Technology · Communication Equipment
From ViaSat, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated Oct 29, 2026Recent Developments — ViaSat, Inc.
Latest news
- NEWS Viasat Schedules Second Quarter Fiscal Year 2027 Financial Results Release — fiscal.ai Oct 29, 2026 neutral
- NEWS Viasat and Space42 Sign MoU with Terrestar Solutions for Satellite Interoperability — fiscal.ai Oct 28, 2026 positive
- NEWS Viasat, Space42, And Terrestar Announce MoU To Link Equatys Direct-To-Device Platform With Terrestar’s Planned Canadian — benzinga Oct 28, 2026 positive
- NEWS AST SpaceMobile Stock Under Pressure: SpaceX Competition, ViaSat Dispute — benzinga Oct 23, 2026 negative
- NEWS What's Going On with AST SpaceMobile Shares On Thursday? — benzinga Oct 22, 2026 neutral
Latest item Oct 29, 2026 · Generated 2026-11-05T11:59:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerU.S. Government10-K Item 1A: 'Revenues derived from the U.S. Government represent a significant percentage of our total revenues.'
Material Events(8-K, last 90d)
- 2026-05-07Item 5.02LOWBoard appointed Shekar Ayyar and Jinhy Yoon as independent directors effective May 6, 2026; board now 10 members, 8 independent. No departures. Routine board expansion.SEC filing →
- 2026-05-07Item 1.01LOWCooperation Agreement entered into in connection with board expansion (Ayyar and Yoon appointments). Agreement details incorporated by reference from Item 5.02. Nature of obligations not further described in provided body.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Unprofitable operations — net margin -0.6%. Quality floor flags this regardless of sector context.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $66.79: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10 and A.R:R 2.4:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 10%; Elevated put/call ratio: 1.37; Below-average business quality. Chart setup: RSI 56 mid-range, Bollinger mid-band. Prior stop was $62.11. Score 5.0/10, moderate confidence.
Analyst target: $90.43 (+35.4% upside). Prior stop was $62.11. Stop-loss: $62.11.
Quality below floor (2.6 < 4.0).
ViaSat, Inc. trades at a P/E of N/A (forward 400.7). TrendMatrix value score: 6.9/10. Verdict: Sell.
17 analysts rate VSAT, with a consensus score of 4.1/5. 10 analysts publish price targets averaging $104.
What does ViaSat, Inc. do?Viasat provides satellite-based broadband and narrowband communications through two segments—communication services...
Viasat provides satellite-based broadband and narrowband communications through two segments—communication services (aviation IFC on ~4,580 commercial aircraft, maritime on ~13,200 vessels, U.S. fixed broadband, and government satcom) and defense and advanced technologies (encryption, cybersecurity, and tactical gateways). Revenue derives from service subscriptions, hardware sales, and U.S. Government contracts; defense new awards reached $1.6 billion in fiscal 2026 across a 23-satellite fleet spanning Ka-, L- and S-bands.