Intuitive Machines Q2 revenue jumps on spacecraft production
LUNR•Full-year outlook
Intuitive Machines said it sees 2026 revenue of $900 million to $1 billion and expects adjusted EBITDA to be positive for the full year.
Analyst coverage currently averages to a buy rating, and Wall Street's median 12-month price target is $43.00, about 153.7% above the stock's August 12 close of $16.95.
National security revenue expands
National security revenue increased from 3% to 30% of total revenue in the quarter, driven by new awards for a missile defense constellation.
The company said it expects continued growth in national security revenue, supported by its recent AMDT3 award.
Contract awards and acquisitions support growth
The company said it booked $920 million of awards in the quarter and signed a more than $600 million contract for three commercial GEO satellites, citing strength in commercial demand.
Intuitive Machines also closed the Goonhilly Earth Station and COMSAT acquisitions to expand its space-to-ground data services.
