KVH Industries Q1 revenue rises 27% on LEO service growth

KVH Industries

06/05/2026 12:11

Overview

US maritime connectivity firm's Q1 revenue rose 27% yr/yr, driven by LEO service growth

Company posted Q1 net income of $0.6 mln, reversing a loss last year

Adjusted EBITDA for Q1 rose to $2.8 mln from $1.0 mln a year earlier

Outlook

Company says LEO market expansion and Starlink adoption are driving subscriber growth

Company notes heightened competition from LEO providers in leisure, commercial and government markets

Company expects continued impact from low-cost alternatives to VSAT on TracVision product sales

Result Drivers

LEO SERVICE GROWTH - Substantial increase in LEO service sales, mainly from higher Starlink and OneWeb subscribers, drove service revenue growth

PRODUCT MIX SHIFT - Product revenue rose as higher OneWeb and Starlink product sales offset declines in TracVision and VSAT Broadband sales

COMPETITION IMPACT - Competition from low-cost alternatives and LEO providers continued to reduce demand for VSAT and TracVision products

Company press release: ID:nGNX4cdVKZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.03
Q1 Adjusted EBITDA
$2.80 mln
Q1 Operating Expenses
$9.70 mln


Analyst Coverage

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)