Redwire posts Q3 2026 loss as revenue misses estimates but margins and backlog hit records
Redwire Corp. reported third‑quarter 2026 revenue of $109.04 million, falling short of analyst forecasts of roughly $126 million. The company posted an adjusted loss of $0.06 per share and a net loss of $23.2 million, while gross margin rose to a record 32.3%. Redwire reaffirmed its full‑year revenue outlook of $450 million‑$500 million and highlighted a signed backlog of $619.7 million.
Why it matters
The revenue miss triggered a post‑earnings share decline of about 20% and led Canaccord to cut its price target to $13.00 from $15.00. The reaffirmed guidance leaves investors with limited upside until the company can convert its backlog into sales.
Key facts
- 1Q3 2026 revenue was $109.04 million, up 5% year‑over‑year. tradingview.com
- 2Adjusted EPS was a loss of $0.06 per share. finance.yahoo.com
- 3Net loss for the quarter was $23.2 million. finance.yahoo.com
- 4Gross margin reached a record 32.3%. 247wallst.com
- 5Signed backlog stood at $619.7 million. 247wallst.com
- 6Full‑year 2026 revenue guidance was reaffirmed at $450 million‑$500 million. 247wallst.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.