York Space Q2 revenue up on government programs; cuts FY outlook

York Space Systems

13/08/2026 21:23

Overview
US space and defense prime's Q2 revenue rose 10% yr/yr, driven by government programs
Gross profit more than doubled, with margin up on roll-off of negative EAC adjustment
Company cut full-year 2026 revenue guidance due to slower government contract awards

Outlook
York expects full-year 2026 revenue between $375 mln and $405 mln
Company lowers 2026 revenue outlook due to shift in U.S. government acquisition methods
York says contracts won in 2026 expected to drive growth in 2027 and beyond

Result Drivers
GOVERNMENT PROGRAMS - Revenue growth was primarily driven by expansion in major government programs
GROSS MARGIN IMPROVEMENT - Gross margin rose mainly due to the rolling off of a negative EAC adjustment last year
CONTRACTING SHIFT - Company cited a shift in U.S. government procurement to IDIQ contracts, resulting in slower initial awards but potential for faster follow-on task orders

Company press release: ID:nBw8DbZn3a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$92.55 mln
 
Q2 Net Loss
 
$39.34 mln
 
Q2 Adjusted EBITDA
 
-$9.50 mln
 
Q2 Gross Profit
 
$22.18 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 York Space Systems Inc is $33.00, about 198.9% above its August 12 closing price of $11.04

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Aug 11 - Firefly Aerospace Q2 revenue beats on contract wins
Aug 10 - Amentum Q3 revenue misses estimates, FY26 outlook cut

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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.)