Gilat Q2 Revenue Hits $122.7M, Sidewinder ESA Shipments Surge 200+ Terminals in Record Quarter

For the space and defense community, Gilat's Q2 numbers signal that the electronically steered antenna (ESA) market for mobility is transitioning from pilot phases to industrial-scale deployment. With over 600 Sidewinder terminals now installed and line-fit programs underway with both major airframers, the company is cementing its role as a critical supplier for next-generation satellite broadband in the sky.

The second-quarter 2026 earnings season presented a stark contrast across consumer and technology sectors, with Gilat Satellite Networks (NASDAQ:GILT) emerging as a standout performer in the satellite communications space while Traeger (NYSE:COOK) slashed its full-year revenue outlook. Gilat's revenue surged 17% year-over-year to $122.7 million, fueled by robust demand in commercial in-flight connectivity and defense, as the company delivered a record 200+ electronically steered antenna (ESA) terminals during the quarter. The results underscore a broader acceleration in satellite-based broadband and mobility, driven by airline fleet modernization and military communications upgrades. CEO Adi Sfadia highlighted the transition of Sidewinder into large-scale deployment, with more than 600 units now installed and line-fit certification programs underway with both Boeing and Airbus.

“

Celsius Holdings (NASDAQ:CELH) reported revenue of $818 million, up 11%, as the integration of Alani Nu and Rockstar helped offset a 12% decline in its core Celsius brand.

Meanwhile, Twilio (NYSE:TWLO) posted strong 22% reported revenue growth to $1.5 billion, with organic growth of 17% excluding carrier pass-through fees, signaling continued enterprise appetite for cloud-based communication platforms. Twilio's broad-based volume increases across messaging, voice, and software products illustrate the stickiness of its API-first model in a digital engagement economy.

Celsius Holdings (NASDAQ:CELH) reported revenue of $818 million, up 11%, as the integration of Alani Nu and Rockstar helped offset a 12% decline in its core Celsius brand. The company's aggressive SKU rationalization—which CEO John Fieldly admitted went "too deep"—created near-term friction, while retail space upgrades lagged. Still, management maintained a combined 20% dollar share in tracked U.S. energy drink channels and positioned two $2 billion brands in Celsius and Alani Nu.

Traeger presented a more cautionary tale, with revenue falling 17% to $120 million, largely due to a 26% plunge in accessories driven by MEATER softness. CEO Jeremy Andrus cited price elasticity, channel inventory normalization, and delayed replacement demand from pandemic-era purchases as persistent headwinds. The grill maker lowered its fiscal 2026 revenue guidance to $435-$465 million but improved gross margin outlook to 40-41%, reflecting a shift toward profitability.

Across these reports, several thematic threads emerge. First, supply-chain and channel dynamics are creating divergent outcomes: Gilat benefits from long-cycle defense and aerospace contracts, while consumer discretionary names like Traeger grapple with inventory overhangs and cautious retailer buy-in. Second, product rationalization is a double-edged sword; Celsius's overaggressive SKU cuts disrupted shelf presence, whereas Gilat's focused investment in a single high-tech antenna platform is paying off through volume orders and certification milestones. Third, the post-pandemic consumer remains bifurcated—energy drink demand holds up, but big-ticket grill purchases have not yet seen a replacement cycle uptick.