Redwire Corporation beats Q2 revenue estimates on strong space and defense demand, reaffirms 2026 outlook

Redwire

05/08/2026 21:55

Overview
U.S. space tech firm's Q2 revenue rose 90% yr/yr, beating analyst expectations
Gross margin improved to 27.8% from negative 30.9% a year earlier
Company reaffirmed 2026 revenue forecast and reported record backlog and liquidity

Outlook
Redwire reaffirms 2026 revenue forecast of $450 mln to $500 mln
Company says record backlog provides significant visibility for the rest of 2026
Redwire cites strong demand for space and defense technology offerings

Result Drivers
CONTRACT AWARDS - Co cited new and follow-on awards for Stalker Block 30 and Penguin uncrewed aerial systems as key drivers of Q2 results
PRODUCT DELIVERIES - Co delivered nearly 200 Octopus ISR payloads year-to-date, up more than 15% yr/yr, and launched two new Octopus products
BACKLOG AND DEMAND - Record backlog and strong demand for space and defense tech offerings supported revenue growth, per CEO Peter Cannito

Company press release: ID:nBw8V5Zzma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$117.07 mln
$107.30 mln (7 Analysts)
Q2 Net Loss
 
$40.97 mln
 
Q2 EBIT
 
-$22.09 mln
 
Q2 Pretax Loss
 
$39.11 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "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 Redwire Corporation is $15.00, about 41.1% above its August 4 closing price of $10.63

Reuters Recommended Reads
Aug 3 - Voyager Technologies Q2 revenue beats estimates, raises annual forecast
Aug 4 - Kratos Defense Q2 revenue jumps 30.5%, raises 2026 outlook 
Aug 4 - Leidos lifts annual forecasts on strong defense demand

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(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.)