Firefly Aerospace Q2 revenue beats on contract wins

Firefly Aerospace

11/08/2026 21:19

Overview
US space and defense tech firm's Q2 revenue rose 45% qtr/qtr, beating analyst expectations
Company secured multiple new contracts, including $144 mln NASA lunar lander award
Raised $181.6 mln in public offering to fund growth and contract execution

Outlook
Firefly expects 2026 full-year revenue between $420 mln and $450 mln

Result Drivers
CONTRACT WINS - Co cited more than half a dozen contract wins in Q2, including $144 mln NASA lunar lander contract and other government awards as drivers of revenue growth
CAMPUS AND CAPACITY EXPANSION - Co expanded headquarters, quadrupled cleanroom space, and increased manufacturing capacity to meet growing demand for spacecraft and launch vehicles
ACQUISITION OF SPACE-NG - Acquisition of AI-powered vision navigation and autonomous guidance firm Space-ng bolstered capabilities for autonomous space operations

Company press release: ID:nGNX1fRdM6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$117.68 mln
$88.20 mln (8 Analysts)
Q2 Gross Profit
 
$23.88 mln
 
Q2 Income form Operations
 
-$95.20 mln
 
Q2 Operating Expenses
 
$119.07 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "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 Firefly Aerospace Inc. is $37.00, about 43.6% above its August 10 closing price of $25.76

Reuters Recommended Reads
Aug 10 - Rocket Lab Q2 revenue jumps to record high on surging demand
Aug 10 - Satellite broadband firm AST SpaceMobile's Q2 revenue misses estimates
Aug 10 - Retail investors sold SpaceX shares for first time on Friday

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.)