Viasat shares slide as investors weigh FY2026 results, competitive pressure commentary, and limited near-term outlook clarity

Viasat, Inc. (VSAT) is down 7.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the company’s fiscal Q4 and full-year FY2026 update, where investors focused less on “record” revenue/Adjusted EBITDA messaging and more on profitability and forward-looking commentary. Management highlighted ongoing declines in fixed residential services and noted that increased competition is expected to reduce aviation growth rates, which can weigh on expectations for FY2027.

Details:

The FY2026 shareholder letter highlighted record revenue of about $4.6B and record Adjusted EBITDA of about $1.6B, but also showed a GAAP net loss of about $34M for the year.

The letter described strong cash generation and positive free cash flow for multiple consecutive quarters, yet the stock reaction suggests the market may be discounting sustainability and/or the quality of earnings (including items like gains and interest-related impacts).

Management commentary indicated aviation growth has been strong recently, but increased competition is expected to reduce the growth rate, while fixed residential services have been a headwind.

The update also discussed ViaSat-3 fleet progress and anticipated service entry timing for the VS-3 F3 satellite (expected August or September 2026), which may not have been enough to offset near-term concerns.

Sources:

Viasat (Investor Relations), Viasat (earnings call transcript), Zacks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$VSAT Insider Trading Activity

$VSAT insiders have traded $VSAT stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

Here’s a breakdown of recent trading of $VSAT stock by insiders over the last 6 months:

MARK D DANKBERG (Chairman and CEO) has made 0 purchases and 4 sales selling 300,000 shares for an estimated $11,052,173.
SHAWN LYNN DUFFY (SVP, Chief Accounting Officer) has made 0 purchases and 2 sales selling 51,480 shares for an estimated $1,873,022.
CRAIG ANDREW MILLER (SVP, Pres Viasat Government) has made 0 purchases and 3 sales selling 40,645 shares for an estimated $1,856,317.
ROBERT JAMES BLAIR (SVP, General Counsel) has made 0 purchases and 2 sales selling 30,411 shares for an estimated $1,430,664.
GARRETT L. CHASE (SVP, Chief Financial Officer) has made 0 purchases and 4 sales selling 25,000 shares for an estimated $872,636.
BENJAMIN EDWARD PALMER (SVP, Pres Commercial) has made 0 purchases and 3 sales selling 7,200 shares for an estimated $385,296.
CAMELLIA E FITZGERALD (Chief Accounting Officer) sold 2,810 shares for an estimated $134,880

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$VSAT Hedge Fund Activity

We have seen 216 institutional investors add shares of $VSAT stock to their portfolio, and 170 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CONTOUR ASSET MANAGEMENT LLC added 1,528,068 shares (+inf%) to their portfolio in Q1 2026, for an estimated $69,985,514
OCO CAPITAL PARTNERS, L.P. removed 1,450,000 shares (-24.4%) from their portfolio in Q1 2026, for an estimated $66,409,999
AMERICAN CENTURY COMPANIES INC added 1,105,389 shares (+23.9%) to their portfolio in Q1 2026, for an estimated $50,626,816
140 SUMMER PARTNERS LP added 907,970 shares (+inf%) to their portfolio in Q1 2026, for an estimated $41,585,026
DEUTSCHE BANK AG\ removed 789,307 shares (-67.6%) from their portfolio in Q1 2026, for an estimated $36,150,260
DIMENSIONAL FUND ADVISORS LP added 738,656 shares (+18.2%) to their portfolio in Q1 2026, for an estimated $33,830,444
INVESCO LTD. removed 711,101 shares (-33.4%) from their portfolio in Q4 2025, for an estimated $24,504,540

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$VSAT Government Contracts

We have seen $193,187,300 of award payments to $VSAT over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

VIASAT TO16: $66,320,342
47QFLA25Q0043 VIASAT TO13 USMC: $26,403,818
AEROSPACE VEHICLE EQUIPMENT AND GROUND OPERATING EQUIPMENT DEVELOPMENT: $11,001,780
BFT2 FOLLOW ON AWARD: $9,809,102
VIASAT TO09 ARMY HQDA: $7,738,164

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$VSAT Congressional Stock Trading

Members of Congress have traded $VSAT stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $VSAT stock by members of Congress over the last 6 months:

REPRESENTATIVE JONATHAN L. JACKSON purchased up to $100,000 on 01/22.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$VSAT Price Targets

Multiple analysts have issued price targets for $VSAT recently. We have seen 4 analysts offer price targets for $VSAT in the last 6 months, with a median target of $53.5.

Here are some recent targets:

Mike Crawford from B. Riley Securities set a target price of $106.0 on 05/29/2026
Mathieu Robilliard from Barclays set a target price of $49.0 on 04/08/2026
Ryan Koontz from Needham set a target price of $58.0 on 03/27/2026
Edison Yu from Deutsche Bank set a target price of $48.0 on 02/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.