Viasat's stock experienced a significant pre-market plunge of 6.23% on Friday. The sharp decline follows the satellite communications company's release of its fourth quarter and fiscal year 2026 financial results after the previous market close.

The company reported quarterly revenue of $1.17 billion, which fell short of the market consensus estimate of approximately $1.2 billion. While Viasat's adjusted loss of $0.02 per share significantly beat analyst expectations, the revenue miss was the primary catalyst for the sell-off. The stock had been on a sustained multi-session rally prior to the earnings release, driven by positive business developments including milestone achievements for its SwiftBroadband-Safety service and new analyst coverage.

With the stock having accumulated substantial gains in recent sessions and over the past year, the revenue disappointment prompted significant profit-taking among investors. The company's forward guidance for mid-single-digit revenue growth and roughly flat adjusted EBITDA for the next fiscal year failed to excite the market, leading to the reversal of prior bullish momentum.