York Space Cuts 2026 Revenue Outlook by 30%, Posts Wider Q2 Loss
YSS is trading near its 52-week low of $9.63 (5.7% above the low) on elevated volume (2.0× avg).
Summary
York Space Systems slashed full-year revenue guidance to $375M-$405M from $545M-$595M, a 30% cut driven by removal of new business revenue amid shifting government acquisition methods. Q2 loss widened to $39.3M ($0.31/share) vs $24.2M ($0.25/share) a year ago, missing consensus of $0.17 loss. Revenue rose 10% to $92.5M, beating estimates, but backlog fell 8% QoQ to $592M. Stock dropped 12% to $10.12, now down 70% YTD. This follows the 8-K filed yesterday and a 10-Q disclosing an unremediated material weakness in revenue recognition controls. The company cites an $11.5B two-year government pipeline, but near-term visibility is clearly deteriorating.
At the time of this announcement, YSS was trading at $10.18 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $9.63 to $44.54. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.