Will the ViaSat-3 F2 Launch Transform Viasat's (VSAT) Future Connectivity Story?

• Viasat confirmed the successful launch of its ViaSat-3 F2 satellite on November 5, 2025, from Cape Canaveral using a United Launch Alliance Atlas V551, with the mission to deliver expanded broadband services across the Americas after several months of in-orbit testing.
• This satellite is expected to more than double Viasat's current network capacity, enabling enhanced connectivity for aviation, residential, and government applications, and marking a significant operational advance for the company.
• We'll examine how the expanded broadband capacity from the ViaSat-3 F2 launch could reshape Viasat's investment narrative moving forward.

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Viasat Investment Narrative Recap

For shareholders, the Viasat story is built on the belief that expanding satellite capacity will open new revenue streams and reposition the company in critical connectivity markets. The successful ViaSat-3 F2 launch confirms progress toward these ambitions, but the biggest short-term catalyst, commercial entry of the new satellite, is still months away, while substantial capital expenditures and ongoing unprofitability remain the principal risks, especially given Viasat’s recent earnings trajectory. The immediate impact on risk and catalyst expectations appears limited until the satellite enters full service.

Among the recent company announcements, the upcoming release of second quarter fiscal 2026 results stands out. This update, expected just days after the satellite launch, may provide an early look at how Viasat is managing cash flow, debt, and ongoing investment as it transitions toward operating the expanded ViaSat-3 network, all key factors amid current financial pressures.

However, investors should be mindful that despite technical achievements like the satellite launch, the company still faces structural challenges tied to its high leverage and persistent losses...

Read the full narrative on Viasat (it's free!)

Viasat's narrative projects $5.0 billion in revenue and $534.2 million in earnings by 2028. This requires 2.9% yearly revenue growth and a $1.13 billion increase in earnings from the current level of -$598.5 million.

Uncover how Viasat's forecasts yield a $26.14 fair value, a 34% downside to its current price.

Exploring Other Perspectives

Eight individual fair value estimates for Viasat from the Simply Wall St Community range widely, from as low as US$10 to as high as US$122.76. Many contributors see promise in the company’s upcoming satellite rollouts, but recent earnings losses mean opinions about future performance can differ sharply, consider these viewpoints as you form your own outlook.

Explore 8 other fair value estimates on Viasat - why the stock might be worth less than half the current price!

Build Your Own Viasat Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Viasat research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Viasat research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Viasat's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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