Redwire (RDW) Stock Surges 14% on Blowout Q2 Earnings and Record Backlog
TLDR
- Redwire posted Q2 revenue of $117.1 million, up 89.6% year-over-year, beating Wall Street estimates of ~$107-108 million
- Loss per share came in at $0.09-$0.19, better than the expected $0.15-$0.16 loss
- Contracted backlog hit a record $542.1 million, up 64.5% year-over-year
- Cantor Fitzgerald raised its price target from $9.00 to $13.50, maintaining an Overweight rating
- Redwire reaffirmed full-year 2026 revenue guidance of $450 million to $500 million
Redwire (RDW) stock jumped more than 13% on Thursday morning, trading at $12.19, after the company posted a strong second-quarter earnings beat following Wednesday’s closing bell.
Q2 revenue came in at $117.1 million, up 89.6% year-over-year. That topped Wall Street’s consensus estimate of around $107 to $108 million by nearly 8.7%.
On the bottom line, Redwire reported a loss of between $0.09 and $0.19 per share. Analysts had expected a loss of around $0.15 to $0.16. That was a solid step forward from the $0.40 loss per share reported in Q1 2026.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
