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Redwire Soars: Q2 Revenue Jumps 90%!
6 Aug
Summary
- Redwire reported Q2 revenue of $117.1 million, an 89.6% year-on-year increase.
- Full-year revenue guidance was raised to $475 million, exceeding analyst expectations.
- Backlog grew by 64.5% year-on-year, reaching $542.1 million.
Redwire, a provider of space infrastructure systems and components, reported stellar Q2 CY2026 financial results. The company achieved revenue of $117.1 million, marking an impressive 89.6% growth compared to the same period last year.
This performance surpassed Wall Street's expectations by 8.7%. Redwire also confirmed its full-year revenue forecast, projecting $475 million at the midpoint, which is slightly above analyst consensus.
The company's financial health shows marked improvement, with its Adjusted EBITDA margin climbing to -2.8% from -44.4% in the prior year. Free Cash Flow also saw positive movement, narrowing its deficit.
Furthermore, Redwire's backlog at the end of the quarter stood at $542.1 million, reflecting a substantial 64.5% year-on-year increase. This indicates strong demand and a positive outlook for future projects.
