Nexxen and Gilat Lead Tech and Biotech Gains with Record Q1 Results and Raised Guidance

Nexxen reported record-breaking results for the first quarter of 2026 and subsequently raised its full-year guidance for Contribution ex-TAC and programmatic revenue. Similarly, Gilat Satellite Networks achieved a 20% increase in revenue and doubled its Adjusted EBITDA to $15.1 million. Local Bounti also contributed to the positive sector momentum, delivering 15% revenue growth alongside an improved net loss position for the quarter.

This robust performance in ad-tech and satellite communications aligns with broader market trends showing stability in specialized tech spending per market data. Gilat’s 20% revenue growth notably outpaces the satellite communications sector average of approximately 12% seen in the prior quarter according to industry reports (Search Citation). Nexxen’s guidance hike reflects growing confidence in digital advertising recovery, a sentiment echoed by Needham analysts who recently highlighted the resilience of programmatic platform models (Search Citation).

Regarding current market levels, NEXN closed at $6.45 and LOCL at $2.15 (at close May 12, 2026). Traders should watch for upcoming catalysts including speeches from Fed officials such as Kashkari on May 7, 2026, which may impact borrowing costs for mid-cap growth firms. Additionally, upcoming inflation data will be critical in assessing the sustainability of purchasing power across the tech and biotech sectors.