KVH

Q2 FY2026 EarningsQ2 FY26 revenue was in-line with consensus at $33.7M, showing 27% YoY growth driven by a rapid shift toward LEO services (Starlink/OneWeb). However, profitability significantly missed expectations: GAAP EPS of $0.01 was well below the $0.04 consensus, and GAAP net income of $0.16M fell short of the $0.85M mean estimate. While airtime revenue surged, the transition from high-margin legacy VSAT to lower-margin LEO reseller models, combined with elevated operating expenses, compressed the bottom line.