Firefly Aerospace Q2 revenue beats on contract wins
FLY•Revenue outlook and key figures
Firefly expects 2026 full-year revenue between $420 million and $450 million.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $117.68 million | $88.20 million (8 analysts) |
| Q2 Gross Profit | $23.88 million | ||
| Q2 Income from Operations | -$95.20 million | ||
| Q2 Operating Expenses | $119.07 million |
The company raised $181.6 million in a public offering to fund growth and contract execution.
Average analyst rating on the shares is buy, with 8 strong buy or buy ratings, 3 hold ratings, and no sell or strong sell ratings. Wall Street's median 12-month price target is $37.00, about 43.6% above the August 10 closing price of $25.76.
Quarterly revenue beat on new contract wins
Firefly Aerospace said second-quarter revenue rose 45% quarter over quarter, beating analyst expectations, as the US space and defense technology firm secured multiple new contracts.
