Intuitive Machines Q1 revenue nearly triples but misses estimates

Intuitive Machines

14/05/2026 12:39

Overview

U.S. space technology firm's Q1 revenue nearly triples yr/yr but misses analyst expectations

Net income and operating income for Q1 missed analyst estimates

Company closed $800 mln Lanteris acquisition and backlog rose to $1.1 bln

Outlook

Intuitive Machines sees full-year 2026 revenue of $900 mln-$1 bln

Company expects full-year 2026 Adjusted EBITDA to be positive

Result Drivers

LANTERIS ACQUISITION - Co said revenue growth and backlog increase were driven by the acquisition of Lanteris Space Systems

CONTRACT AWARDS - Co attributed new contract wins, including a $428.9 mln government defense contract and a $180.4 mln NASA CLPS contract, as key drivers of backlog growth

Company press release: ID:nGNX4dpWSP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$186.73 mln
$202.68 mln (11 Analysts)
Q1 EPS
-$0.25
Q1 Net Income
Miss
-$52.53 mln
-$12.76 mln (6 Analysts)
Q1 Operating Income
Miss
-$39.20 mln
-$12.36 mln (9 Analysts)
Q1 Pretax Profit
Miss
-$52.53 mln
-$10.27 mln (8 Analysts)
Q1 Operating Expenses
$225.93 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "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 Intuitive Machines Inc is $24.50, about 31.3% below its May 13 closing price of $35.68

The stock recently traded at 1,514 times the next 12-month earnings vs. a P/E of 844 three months ago

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.)