Redwire misses Q1 revenue estimates

Redwire

06/05/2026 21:48

Overview

US space and defense tech firm's Q1 revenue rose 58% yr/yr but missed analyst expectations

Gross margin improved to 26.6% from 14.7% yr/yr

Net loss widened due to non-recurring equity-based compensation from Edge Autonomy acquisition

Outlook

Redwire affirms 2026 revenue forecast of $450 mln to $500 mln

Company says strong demand and record backlog support 2026 outlook

Result Drivers

CONTRACT WINS - Co cited strong demand and major contract awards, including the $1.8 bln Andromeda IDIQ and first ELSA order, as drivers of record backlog and revenue growth

GROSS MARGIN IMPROVEMENT - Co said operational performance and portfolio management led to higher gross margins yr/yr and sequentially

Company press release: ID:nBw3GdGKRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$96.97 mln
$104.65 mln (9 Analysts)
Q1 Net Income
-$76.50 mln
Q1 Operating Income
-$69.70 mln
Q1 Pretax Profit
-$75.86 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 Redwire Corp is $15.00, about 72.6% above its May 5 closing price of $8.69

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.)