HawkEye 360 reports record Q3 2026 revenue, raises full-year guidance and announces $135M in new contracts
HawkEye 360 posted third‑quarter 2026 revenue of $59.3 million, up 84% year‑over‑year, and a net loss of $0.2 million. The company lifted its full‑year revenue outlook to $225‑$227 million and adjusted EBITDA guidance to $38‑$40 million. It also disclosed $54 million of new international contracts and $135 million of additional contracts signed after quarter‑end, expanding its backlog to $300.3 million.
Why it matters
The raised guidance and sizable contract pipeline suggest stronger future cash flows, which Piper Sandler reflected by increasing its price target to $24.00. The earnings beat and guidance lift helped the stock jump 12‑16% in after‑hours trading.
Key facts
- 1Q3 2026 revenue was $59.3 million, up 84% YoY prnewswire.com
- 2Net loss for the quarter was $(0.2) million prnewswire.com
- 3Full‑year revenue guidance raised to $225‑$227 million prnewswire.com
- 4Full‑year non‑GAAP Adjusted EBITDA guidance raised to $38‑$40 million prnewswire.com
- 5Backlog stood at $300.3 million as of September 30, 2026 prnewswire.com
- 6Signed $54 million in new multi‑year contracts with 11 allied partners during Q3 sec.gov
Open questions
- Material 2 reports Q3 revenue growth of 116.5% YoY, conflicting with the 84% YoY figure reported in other sources
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.