Lyntris Inc GAAP EPS of $0.03, revenue of $194.4M beats by $57.47M (LYNX:NYSE)

Lyntris (LYNX) reported Q3 2026 revenue of $194M, up 90% YoY, with adjusted EBITDA of $28.5M (14.7% margin). Adjusted net income was $17M ($0.15 per share), and free cash flow was $79M. The company cited strong customer demand, particularly in Air & Missile Defense and Space ISR & Resilient Comms, with a backlog of $1B, up 113% YoY.

Raymond James recommends Lyntris (LYNX) and Lumentum (LITE) as Strong Buys. LYNX reported Q3 revenue of $194.4M, beating estimates, with a $18 price target (59% upside). LITE, acquired by Marvell, reported Q1 revenue of $1.26B, with a $1,328 target (160% upside). Both stocks offer significant upside, but with different risk profiles.

Lyntris reported 3Q 2026 revenue of $194.43M, up 90.4% YoY, with a net loss of $3.03M. Growth was driven by all three core missions, but gross margin declined to 22.2%. Backlog reached $1.013B, up from $427.2M a year ago.

Baird upgraded Lyntris (LYNX) to Outperform with a $18.00 price target, citing 90% YOY revenue growth in Q3 2026 and strong backlog levels. The stock is near its 52-week low after a 37% decline, with analysts expecting 35% sales growth in 2026 and profitability this year. Lyntris reported $194M revenue and $0.15 adjusted EPS in Q3 2026, with free cash flow of $79M.

Lyntris Inc. (LYNX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Lyntris Revenue Surges 90% in Third Quarter 2026 as Backlog More Than Doubles Falls Church, Virginia, November 4, 2026 – Lyntris Inc. (“Lyntris” or “the Company”) (NYSE: LYNX), a defense technology company delivering “sense-to-act” connectivity solutions for the mode

Lyntris Inc. (LYNX) stock rose 5.6% to $13.45 after five analysts initiated coverage with Buy or Outperform ratings and price targets of $18-$21, citing its defense tech growth potential. The broader market was down, making the gain company-specific. The stock had been near its 52-week low since a weak IPO in August.