York Space Cuts FY Revenue Outlook as Government Awards Slow
YSS is trading near its 52-week low of $10.005 (11% below the low) on elevated volume (1.8× avg).
Summary
York Space Systems reported Q2 revenue of $92.55 million, up 10% year-over-year, but cut its full-year 2026 revenue guidance to $375-$405 million, citing slower government contract awards due to a shift toward IDIQ procurement. Gross profit more than doubled to $22.18 million, helped by the roll-off of a negative EAC adjustment, but the company still posted a net loss of $39.34 million and negative adjusted EBITDA of $9.50 million. The guidance cut is the key negative: it signals that near-term government revenue will be weaker than previously expected, even as management points to 2027 growth from contracts won this year. This follows BlackRock's recent sales of York Space stock near the 52-week low, adding to pressure on the shares. Traders will focus on whether the slower award pace is temporary or reflects a structural shift in government buying patterns.
At the time of this announcement, YSS was trading at $8.92 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $10.01 to $44.54. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.