LUNR Q2 Misses Estimates Despite Record $1.8B Backlog; Shares Tumble
LUNR has more than doubled off its 52-week low of $7.78.
Summary
Intuitive Machines missed Q2 EPS and revenue expectations despite revenue quadrupling year-over-year to $206 million. The company reaffirmed its fiscal 2026 revenue and positive adjusted EBITDA outlook, but shares tumbled before partially recovering. The record $1.8 billion backlog and 70+ IM-300s under contract show strong demand, yet the miss and EchoStar-related receivables in bankruptcy (from the 10-Q) raise execution and collection risks. This follows the prior day's earnings release and 10-Q filing, adding the market's negative reaction and new program details. Watch for updates on the EchoStar receivables and any impact on the $500 million ATM offering.
At the time of this announcement, LUNR was trading at $17.68 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $7.78 to $46.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.