Focus on the FY2026 revenue guidance of $900M-$1B, which implies a significant ramp from Q1's run rate. Monitor Q2 results for revenue trajectory and margin progression. The large backlog provides revenue visibility but execution on contracts and integration of Lanteris remain key risks.
Price Chart
Executive Summary
Intuitive Machines reported Q1 2026 revenue of $186.7M (miss vs $205.3M consensus) and GAAP EPS of -$0.25 (miss vs -$0.06 consensus). However, record backlog of $1.1B, positive Adjusted EBITDA of $2.7M, and strong FY2026 revenue guidance of $900M-$1B highlight the growth narrative from the Lanteris acquisition and major contract wins.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $186.7M, up 199% YoY but 9% below $205.3M consensus
- GAAP EPS -$0.25 vs consensus -$0.06 (316% miss)
- Adjusted EBITDA positive at $2.7M vs -$6.6M a year ago
- Record backlog $1.1B, up from $213M at year-end 2025
- FY2026 revenue guidance initiated at $900M-$1B, with positive Adjusted EBITDA
- Completed $800M Lanteris acquisition in January 2026; awarded $428.9M in new contracts including SDA and NASA CLPS
Financial Impact
Revenue miss of ~$18.5M (9%) vs consensus; EPS miss of $0.19
Risk Factors
- Execution risk on $1.1B backlog and integration of Lanteris acquisition
- Negative operating cash flow (-$54.8M) and free cash flow (-$64.6M) in Q1
- Dependence on government contracts (NASA, SDA) which are subject to funding and political risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294812 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Press Release | $14.72 $14.79 | ▲ +0.44% | ▼ −0.74% | $14.67 (−0.34%) |
Aug 13, 2026 7w ago | 8-K | $17.56 $14.35 | ▼ −18.28% | ▼ −16.53% | $14.67 (−16.46%) |
Aug 13, 2026 7w ago | Press Release | $17.56 $14.35 | ▼ −18.28% | ▼ −16.53% | $14.67 (−16.46%) |
Aug 3, 2026 8w ago | 8-K | $13.96 $14.72 | ▲ +5.44% | ▲ +6.68% | $14.67 (+5.09%) |
Jul 30, 2026 9w ago | Insider Cluster | $12.25 $16.18 | ▼ −32.08% | ▼ −28.12% | $14.67 (−19.76%) |
Jun 17, 2026 15w ago | Insider Cluster | $22.85 $13.44 | ▼ −41.18% | ▼ −41.71% | $14.67 (−35.80%) |
Jun 8, 2026 16w ago | Insider Cluster | $27.47 $17.85 | ▲ +35.02% | ▲ +36.47% | $14.67 (+46.60%) |
Jun 3, 2026 17w ago | 8-K | $33.83 $19.58 | ▼ −42.12% | ▼ −41.12% | $14.67 (−56.64%) |
May 14, 2026 20w ago | 8-K | $36.52 $26.62 | ▼ −27.11% | ▼ −26.25% | $14.67 (−59.83%) |
May 14, 2026 20w ago | Press Release | $36.52 $26.62 | ▼ −27.11% | ▼ −26.25% | $14.67 (−59.83%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access