Gilat Satellite Networks twice reiterated its $500 million to $520 million fiscal 2026 revenue guidance, including in its February and August 2026 disclosures, before reducing its outlook to $455 million to $475 million. An investigation into potential securities law violations is underway on behalf of GILT investors who lost money.
NEW YORK, Nov. 10, 2026 /PRNewswire/ -- Approximately three months after filing a Form 6-K with the SEC reiterating its fiscal 2026 revenue guidance of $500 million to $520 million, Gilat Satellite Networks Ltd. (NASDAQ: GILT) reduced that outlook to $455 million to $475 million when reporting its third-quarter 2026 results on November 10, 2026. The reduction represented an approximately 8.8% decrease at the midpoint, and GILT shares declined following the announcement. If you bought GILT relying on that guidance and are now holding losses, you may have legal rights. GILT shareholders who lost money are encouraged to submit their GILT loss details here now, or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
The guidance appeared in two Gilat SEC Form 6-K disclosures before the reduction. In its May 13, 2026 Form 6-K, the Company provided full-year 2026 revenue guidance of $500 million to $520 million, representing approximately 13% growth at the midpoint. A second Form 6-K, dated August 5, 2026, expressly reiterated the same $500 million to $520 million revenue range and again characterized it as approximately 13% growth at the midpoint.
On November 10, 2026, Gilat cut its 2026 revenue guidance to $455 million to $475 million, with the revised high end $25 million below the prior range's low end. The Company attributed the reduction to delayed IFC terminal deliveries, LEO/GEO satellite development and launch delays, and Peru agreements that shifted expected revenue into 2027. These factors were not specifically identified in the May 13 disclosure as risks to the 2026 outlook.
Lost money on Gilat stock? Start your GILT loss review today or call Joseph E. Levi, Esq. at (212) 363-7500.
WHY LEVI & KORSINSKYÂ -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered billions of dollars for investors.
Frequently Asked Questions About the GILT Investigation
Q: Who is eligible to participate in the GILT investigation?A: Investors who purchased GILT stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Gilat Satellite Networks made materially false or misleading statements regarding its full-year 2026 revenue outlook of $500 million to $520 million. The Company reaffirmed this guidance in its May 13, 2026 and August 5, 2026 Form 6-K disclosures. On November 10, 2026, however, the Company announced its third-quarter results and reduced its full-year 2026 revenue guidance to $455 million to $475 million, representing an approximately 8.8% reduction at the midpoint. Following the announcement, GILT shares declined.
Q: When did Gilat Satellite Networks allegedly mislead investors?A: The investigation concerns statements made during the period before the November 10, 2026 corrective disclosure. In particular, the investigation focuses on the Company's reaffirmations of its $500 million to $520 million 2026 revenue guidance on May 13, 2026 and August 5, 2026, through the November 10, 2026 disclosure reducing that guidance to $455 million to $475 million.
Q: What do GILT investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my GILT shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought GILT and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: What if I live outside the United States?A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence. This includes GILT shares bought on the Nasdaq.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP
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