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Get filing alertsIntuitive Machines reports Q2 revenue of $206M (4x YoY), backlog of $1.8B, guides FY2026 to $900M-$1B
Filed August 13, 2026 · Period ending August 13, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue reached $206M, over 4x the $50.3M in Q2 2025, driven by spacecraft production and program execution across CLPS, OMES, and NSNS contracts.
Exhibit 99.1 view on EDGAR → -
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Backlog hit record $1.8B at quarter-end, up $1.5B from year-end 2025, reflecting $920M of Q2 awards plus $300M in Q3 quarter-to-date, including a $600M+ commercial GEO satellite contract and 18 spacecraft for AMDT3 Golden Dome.
Exhibit 99.1 view on EDGAR → -
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Management guided full-year 2026 revenue of $900M-$1B and expects Adjusted EBITDA to turn positive for the full year.
Exhibit 99.1 view on EDGAR → -
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National security revenue expanded from 3% of total in Q2 2025 to 30% in Q2 2026, reducing customer concentration and positioning the company for defense sector growth.
Exhibit 99.1 view on EDGAR → -
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Closed acquisition of Goonhilly Earth Station and COMSAT in August 2026, expanding space-to-ground data services network to support missions across LEO, MEO, GEO, cislunar, and deep space.
Exhibit 99.1 view on EDGAR →
Summary
Intuitive Machines reported a breakout quarter, with Q2 2026 revenue of $206 million—over four times the prior-year period—driven by spacecraft production and execution across its Commercial Lunar Payload Services (CLPS), Orbital and Moon-to-Earth Services (OMES), and National Security and Next-Gen Space Systems (NSNS) segments. The company's backlog surged to a record $1.8 billion, up $1.5 billion from year-end 2025, fueled by major contract wins including a $600+ million commercial GEO satellite deal, a sixth CLPS mission from NASA, and 18 spacecraft for the AMDT3 Golden Dome constellation. National security revenue jumped from 3% to 30% of the mix year-over-year, materially diversifying the customer base.
Management guided full-year 2026 revenue of $900 million to $1 billion and expects Adjusted EBITDA to turn positive, a significant milestone for the company. The August acquisition of Goonhilly Earth Station and COMSAT extends the company's space-to-ground data services network across multiple orbital regimes and deep space, supporting the integrated infrastructure strategy. For retail holders, the combination of rapid revenue growth, a robust backlog, and the path to profitability represents a material inflection point in the company's commercial trajectory.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Intuitive Machines announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 13, 2026, the Company issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026.
The company disclosed its financial results for the second quarter of fiscal 2026 (ended June 30, 2026) through a press release. The 8-K body itself does not contain specific financial metrics; those would be in the attached Exhibit 99.1 press release.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Achieved record quarterly revenue of $206 million driven by spacecraft production, CLPS, OMES, and NSNS execution ... Ended Q2 with record backlog of $1.8 billion, an increase of $1.5 billion from year-end 2025
The company reported Q2 2026 revenue of $206 million, over four times the $50.3 million in Q2 2025, driven by spacecraft production and program execution. Backlog reached a record $1.8 billion at quarter-end, up $1.5 billion from year-end 2025, reflecting $920 million of awards in Q2 plus an additional $300 million in Q3 quarter-to-date.
Added in current filing · view on EDGAR →
Signed $600+ million contract for three commercial GEO satellites as commercial demand strength continues ... Awarded additional CLPS lander contract under NASA’s Moonbase program, Intuitive Machines’ sixth CLPS mission, for a standardized production lander ... expect continued growth driven by an award in July for 18 spacecraft to support Accelerated Missile Defense Tranche 3 ("AMDT3") Golden Dome constellation
The company signed a $600+ million contract for three commercial GEO satellites, received its sixth CLPS mission award from NASA for a standardized production lander, and in July won a contract for 18 spacecraft supporting the AMDT3 Golden Dome constellation. These awards drove the record backlog expansion and diversify revenue across commercial, civil, and national security customers.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify