KVH Industries Q2 revenue rises on LEO service growth

KVH Industries

06/08/2026 12:24

Overview
Maritime connectivity provider's Q2 revenue rose 27% yr/yr, driven by service and airtime growth
Q2 net income fell to $0.2 mln from $0.9 mln a year earlier
Company says results reflect LEO service growth, offset by lower VSAT and TracVision sales

Outlook
Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
LEO SERVICE SALES - Substantial increase in LEO service sales driven by more Starlink and OneWeb subscribers
VSAT DECLINE - Substantial decrease in VSAT service sales due to fewer VSAT subscribers
PRODUCT MIX SHIFT - Higher Starlink and OneWeb product sales offset declines in TracVision and VSAT Broadband sales, impacted by competition from low-cost alternatives

Company press release: ID:nGNXCvymv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.01
 
Q2 Adjusted EBITDA
Miss
$3 mln
$3.59 mln (1 Analyst)
Q2 Operating Expenses
 
$10.40 mln
 

Analyst Coverage
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 29 three months ago

Reuters Recommended Reads
Aug 4 - SpaceX revenue jumps in debut results as satellite, AI businesses surge
Aug 5 - Canada's Baylin Q2 revenue falls as Satcom sales soften
Aug 5 - Israel's Gilat Q2 revenue beats estimates on defense segment demand

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.)