---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-273512"
form_type: "8-K"
ticker: "VSAT"
cik: "0000797721"
company_name: "VIASAT INC"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T12:07:51.770100+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Viasat Q2 FY24 rev $1.2B (+85% YoY), net loss $767M on $900M satellite impairment; guides FY24 rev $4.1-4.25B

## Summary
- Net loss $767M, driven by $900M net impairment charge on ViaSat-3 F1, Inmarsat-6 F2, and ViaSat-4 write-downs.
- Adjusted EBITDA $486M (+210% YoY); revenue $1.2B (+85% YoY) including full quarter of Inmarsat ($427M).
- Announced workforce reduction of 800; expects $100M annualized cash savings by early FY2025.
- FY2024 guidance: revenue $4.1-4.25B; Adj. EBITDA $1.25-1.30B (excl. litigation benefit); capex to drop in FY2025.
- Net leverage 3.7x; liquidity $3.3B; free cash flow inflection point target restored to H1 CY2025.

## SEC filing metadata
- accession: 0001193125-23-273512
- form_type: 8-K
- ticker: VSAT
- cik: 0000797721
- company_name: VIASAT INC
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797721/000119312523273512/0001193125-23-273512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797721/000119312523273512/d930392d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-273512
- JSON: https://secwatch.observer/filing/0001193125-23-273512.json
- Plain text: https://secwatch.observer/filing/0001193125-23-273512.txt

## Key facts
- Earnings Releases
  VIASAT INC reported the second quarter of fiscal year 2024 results: revenue $1.2 billion, net income $767 million. Guidance reaffirmed.
  - Period: the second quarter of fiscal year 2024
  - Revenue: $1.2 billion
  - Net income: $767 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: For Q2 FY2024, we earned revenue of $1.2 billion, an 85% YoY increase compared to revenue from continuing operations of $664 million in the prior year quarter. Net loss for the quarter was $767 million, compared to a $70 million loss from continuing operations in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523273512/0001193125-23-273512-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.