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Firefly Aerospace Q3 revenue beats on contract wins

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$110.68 mln

$102.30 mln (9 Analysts)

Q3 Gross Profit

$25.30 mln

Q3 Income form Operations

-$101.58 mln

Q3 Operating Expenses

$126.88 mln


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

  • Nov 9 - Rocket Lab Q3 revenue jumps 73% on increased demand for launch, space systems

  • Nov 9 - SpaceX plans $24 billion gas power plant, data center project in Texas

  • Nov 9 - Elmet Group Q3 revenue jumps 56% on aerospace demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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