Firefly Aerospace Q3 revenue beats on contract wins

Overview

• U.S. space and defense firm's Q3 revenue rose 259% yr/yr, beating analyst expectations

• Company reported record $1.7 bln backlog and signed first European launch contracts

• Full-year 2026 revenue guidance set at $440 mln to $450 mln

Outlook

• Firefly expects 2026 full-year revenue to be between $440 mln and $450 mln

Result Drivers

• CONTRACT WINS - Co cited new and extended contracts, including with Lockheed Martin, SSC Space, and the U.S. Space Force, as drivers of revenue growth

• MOON AND MARS PROGRAMS - Progress on multiple Moon missions and first Mars award contributed to results, per CEO Jason Kim

• CLEANROOM EXPANSION - Completed spacecraft cleanroom expansion enabled increased production capacity for lunar landers and orbital vehicles

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "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 Firefly Aerospace Inc. is $35.00, about 44% above its November 9 closing price of $24.31

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)