Redwire Corporation beats Q2 revenue estimates on strong space and defense demand, reaffirms 2026 outlook - RDW News | Rallies
Redwire Corporation beats Q2 revenue estimates on strong space and defense demand, reaffirms 2026 outlook R RDW • 2026-08-05 Outlook
Redwire reaffirms 2026 revenue forecast of $450 mln to $500 mln
Company says record backlog provides significant visibility for the rest of 2026
Redwire cites strong demand for space and defense technology offerings
Overview
U.S. space tech firm's Q2 revenue rose 90% yr/yr, beating analyst expectations
Gross margin improved to 27.8% from negative 30.9% a year earlier
Company reaffirmed 2026 revenue forecast and reported record backlog and liquidity
Result drivers and key details
CONTRACT AWARDS - Co cited new and follow-on awards for Stalker Block 30 and Penguin uncrewed aerial systems as key drivers of Q2 resultsPRODUCT DELIVERIES - Co delivered nearly 200 Octopus ISR payloads year-to-date, up more than 15% yr/yr, and launched two new Octopus productsBACKLOG AND DEMAND - Record backlog and strong demand for space and defense tech offerings supported revenue growth, per CEO Peter Cannito
Metric Beat/Miss Actual Consensus Estimate Q2 Revenue Beat $117.07 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell". The average consensus recommendation for the aerospace & defense peer group is "buy". Wall Street's median 12-month price target for Redwire Corporation is $15.00, about 41.1% above its August 4 closing price of $10.63.
2026-08-05
RDW•
