Firefly Aerospace Posts Record Q2 Revenue of $117.7M, Up 659% YoY, and Sets Full-Year Guidance of $420–$450M
FLY sits 65% above its 52-week low of $16.
Summary
Firefly Aerospace delivered record Q2 2026 revenue of $117.7 million, up 659% year-over-year, and guided for full-year revenue of $420–$450 million, reflecting strong contract wins and operational scale-up.
Key Events · Earnings and Guidance · FLY
-
Record Q2 Revenue
Revenue reached $117.7 million, a 659% increase from $15.5 million in Q2 2025 and 45.5% above Q1 2026, driven by new contract wins and program execution.
-
Full-Year 2026 Guidance
Management expects full-year 2026 revenue between $420 million and $450 million, implying a significant ramp in the second half of the year.
-
Major Contract Wins
Awarded a $144 million NASA CLPS contract for a rapid Blue Ghost lunar mission, a $75 million JPL subcontract for the MoonFall mission, a $94 million Space Force contract, and a $13 million Mars mission subcontract, among others.
-
Strategic Acquisitions and Partnerships
Acquired Space-ng for AI-powered autonomous space operations and announced a collaboration with NVIDIA for on-orbit processing, enhancing technology capabilities.
Analysis · FLY · Manufacturing
A breakout quarter for Firefly Aerospace saw revenue rocket to $117.7 million — a 659% surge from the prior year and 45.5% sequential growth — fueled by a flood of new government and commercial contracts. Full-year 2026 revenue guidance of $420–$450 million underscores management's confidence in sustained momentum. While heavy insider selling and a recent $576 million public offering provide a sobering backdrop, the results highlight accelerating operational execution and a rapidly expanding backlog. Still, the company remains deeply unprofitable, posting a $92.3 million net loss and negative free cash flow of $106.3 million for the quarter.
At the time of this filing, FLY was trading at $26.36 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $16.00 to $62.17. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.