Redwire Q3 revenue up 5% but misses estimates
RDW•Redwire’s third-quarter revenue rose 5% year over year to $109.04 million, below the $125.48 million consensus estimate. Gross margin reached a record 32.3%, and the company reaffirmed its 2026 revenue forecast of $450 million to $500 million.
1. Quarterly results
Redwire reported third-quarter revenue of $109.04 million, up 5% year over year and below the $125.48 million analyst consensus. Gross margin rose to a record 32.3% from 16.3% a year earlier, while net loss narrowed to $23.18 million; loss per share was $0.09.
2. Outlook and backlog
The company reaffirmed its 2026 revenue forecast of $450 million to $500 million. It reported a record backlog of $619.7 million and a third-quarter book-to-bill ratio of 1.73, and said demand remains strong. Redwire attributed the gross-margin improvement to performance in its Space and Defense Tech segments and said higher research and development spending reflected investment in future growth.
