KVH Industries vs. Gogo: Which Connectivity Stock Is the Better Buy?

Mobile connectivity companies continue to operate in an environment influenced by rising demand for broadband connectivity, the expansion of next-generation satellite networks and increasing communication requirements across transportation markets. Against this backdrop, KVH Industries, Inc. KVHI and Gogo Inc. GOGO are two technology companies providing mobile connectivity solutions through different platforms. KVHI primarily provides satellite Internet, content and managed communication services to commercial and leisure maritime customers. GOGO provides in-flight connectivity solutions primarily to business and military/government aviation customers.

While both companies operate in the mobile connectivity market, their differing end-market exposure creates distinct investment profiles. This raises the question: which company is better positioned to create long-term shareholder value? Let’s take a closer look.

Stock Performance & Valuation: KVHI vs. GOGO

KVHI (down 4.9%) has outperformed GOGO (down 19.1%) over the past three months. In the past year, KVH Industries has surged 23.6% against Gogo’s plunge of 72.9%.

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Meanwhile, KVHI is trading at a trailing 12-month enterprise value-to-sales (EV/S) ratio of 0.7X, above its median of 0.6X over the past five years. GOGO’s trailing 12-month EV/S multiple sits at 1.2X, below its last five-year median of 4.2X. KVHI and GOGO both appear to be cheap when compared with the Zacks Computer and Technology sector’s average of 8.4X.

Image Source: Zacks Investment Research

Factors Driving KVH Industries Stock

KVH Industries’ shift toward Low Earth Orbit (LEO) connectivity is gaining momentum, led primarily by Starlink and supported by OneWeb. The company added more than 1,000 subscribing vessels during the second quarter of 2026, while LEO services remained its fastest-growing business area. The resulting rise in service revenue suggests that the transition away from legacy VSAT is increasingly translating into operating traction.

KVH Industries is expanding beyond basic airtime through multi-network plans, managed IT, cybersecurity and content offerings. Its new plans allow customers to use data across Starlink, OneWeb and VSAT, while managed-IT evaluations are beginning to convert into commercial relationships. The growing land-based Starlink initiative and geographic expansion also widen KVHI’s addressable market beyond its traditional maritime base.

KVH Industries is winding down substantially all manufacturing and redirecting resources toward integrated communications services. This reduces dependence on lower-demand proprietary hardware and aligns spending with higher-priority connectivity offerings. The transition is supported by a debt-free balance sheet and substantial cash, giving KVHI flexibility to fund growth initiatives while completing the restructuring.