BlackSky Q2 revenue rises 50%, beats analyst estimates

BlackSky Technology

06/08/2026 12:12

Overview
US space-based intelligence firm's Q2 revenue grew 50% yr/yr, beating analyst expectations
Adjusted EBITDA turned positive at $4.7 mln, driven by high-margin service growth
Company raised $150 mln via equity offering, strengthening cash position

Outlook
BlackSky reaffirms 2026 revenue guidance of $130 mln to $150 mln
Company expects 2026 adjusted EBITDA between $12 mln and $24 mln
BlackSky forecasts 2026 capital expenditures of $50 mln to $60 mln

Result Drivers
GEN-3 ADOPTION - Co said 50% yr/yr revenue growth was primarily driven by accelerating customer adoption of Gen-3 subscription services
INTERNATIONAL GROWTH - International revenue rose 200% yr/yr, reflecting a more diversified customer base

Company press release: ID:nBwcgC71ga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$33 mln
$30.68 mln (10 Analysts)
Q2 Net Loss
 
$20.80 mln
 
Q2 Adjusted EBITDA
 
$4.70 mln
 
Q2 Operating Expenses
 
$32.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Blacksky Technology Inc is $36.00, about 43% above its August 5 closing price of $25.18

Reuters Recommended Reads
Aug 5 - Redwire Corporation beats Q2 revenue estimates on strong space and defense demand, reaffirms 2026 outlook
Aug 3 - Voyager Technologies Q2 revenue beats estimates, raises annual forecast
Aug 4 - SpaceX revenue jumps in debut results as satellite, AI businesses surge

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)