Intuitive Machines Q2 Revenue Hits $206M, Backlog Soars to $1.8B
LUNR sits 99% above its 52-week low of $7.78.
Summary
Intuitive Machines reported Q2 2026 revenue of $206 million, more than four times Q2 2025, and ended the quarter with a record $1.8 billion backlog, up $1.5 billion from year-end 2025. The company booked $920 million in awards during Q2 and an additional $300 million in Q3 to date, including a $600+ million contract for three commercial GEO satellites and a sixth CLPS lunar lander award under NASA's Moonbase program. National security revenue jumped from 3% to 30% of total revenue year-over-year, supported by a July award for 18 spacecraft for the AMDT3 Golden Dome constellation. Management guided full-year 2026 revenue to $900 million - $1 billion and expects positive Adjusted EBITDA. Cash stood at $367 million at quarter-end. This follows the August 3 completion of the Goonhilly Earth Station and COMSAT acquisitions, which expand the company's space-to-ground data services network. The earnings call is scheduled for today at 8:30 am ET.
At the time of this announcement, LUNR was trading at $15.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $7.78 to $46.75. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.