KVH Industries Reports Third Quarter 2026 Results

(NASDAQ:KVHI) KVH Industries, Inc. reported total revenue of $38.4 million for the third quarter ended September 30, 2026, representing a 35% increase from the third quarter of 2025 and a 14% increase from the previous quarter. Service revenue was $33.0 million, up 30% year-over-year and 11% sequentially, driven by LEO subscriber growth and partially offset by lower VSAT service revenue. Service gross profit reached $11.1 million, up 28% from the prior year and 5% from the previous quarter. LEO accounted for 58% of service revenue, compared to 51% in the previous quarter and 39% in the third quarter of 2025, reflecting customer migration from VSAT. Service gross margin was 34%, compared to 36% in the previous quarter and 34% in the third quarter of 2025. The company reported a net loss of $0.6 million, or $0.03 per share, compared to a net loss of $6.9 million, or $0.36 per share, in the third quarter of 2025. Both periods included non-cash inventory write-downs of $2.3 million in Q3 2026 and $5.5 million in Q3 2025. Non-GAAP adjusted EBITDA was $3.9 million, up from $3.0 million in the previous quarter and $1.4 million in the third quarter of 2025. Cash and cash equivalents totaled $50.7 million at quarter end, with no debt outstanding. KVH repurchased $10.7 million of shares during the third quarter, completing its $15 million repurchase program. Capital expenditures for the quarter were $1.5 million, up from $1.2 million in the previous quarter and flat year-over-year. The company launched new managed IT services and expanded its CommBox Edge Pro offering with enhanced cybersecurity and IT tools in September. KVH also launched Link Live in September to add live TV streaming to its crew content offering. Starlink announced price increases for all resellers and maritime customers, and KVH expects to raise prices for Starlink plans effective December 1, 2026, which is expected to increase service revenue and reduce service gross margin, but not materially change service gross profit. KVH narrowed its full-year 2026 outlook, raising the low end of its revenue and adjusted EBITDA guidance to $137-143 million and $13-15 million, respectively, from prior ranges of $130-145 million and $11-16 million. The narrowed outlook reflects continued top-line momentum, a modest benefit from Starlink repricing, and disciplined cost management. The company ended the quarter with $141,627,000 in total assets and $119,482,000 in stockholders’ equity. Brent C. Bruun, Chief Executive Officer, stated that recurring service business is growing steadily and that KVH is focused on expanding its role beyond connectivity. The Board does not currently have a repurchase authorization in place but continues to evaluate capital allocation priorities, including growing the LEO customer base, expanding managed IT and content services, and pursuing selective tuck-in acquisitions.

KVH Industries Reports First Quarter 2026 Results

KVH Industries, Inc. (NASDAQ:KVHI) reported financial results for the quarter ended March 31, 2026, showing total revenues of $32.3 million, a 27% increase from $25.4 million in the first quarter of 2025. Net income for the quarter was $0.6 million, or $0.03 per share, compared to a net loss of $1.7 million, or $0.09 per share, in the prior year period. Service revenues rose by $6.5 million to $28.2 million, driven by a substantial increase in LEO service sales, while product revenues increased by 10% to $4.2 million. The company completed the migration of its Rhode Island operations to a new facility in Bristol, Rhode Island. These results highlight strong growth in connectivity unit shipments and sustained subscriber growth, particularly from Starlink adoption.