Firefly Aerospace Inc.: Beat — EPS -$0.45, Revenue $110.68M
Earnings BeatQ3 2026 · After-market
Did Firefly Aerospace Inc. (FLY) beat earnings today?
Yes, Firefly Aerospace Inc. (FLY) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+10.00% surprise
-$0.45Actual
Expected: -$0.50
vs. year ago +18.2%
Total Revenue+7.30% surprise
$110.68MActual
Expected: $103.15M
vs. year ago +259.0%
Released Nov 10 · 4:10 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $110.68M | $30.78M | +259.0 |
| GAAP Basic and Diluted EPS | -$0.56 | -$1.50 | +62.7 |
| Non-GAAP Basic and Diluted EPS | -$0.45 | -$0.55 | +18.2 |
| Net Loss | ($94.20M) | ($133.41M) | +29.4 |
Financial Outlook / Guidance
| Metric | FY26 Outlook |
|---|---|
| Guidance | |
| Revenue | $440M-$450M |
FY26 Outlook
- Revenue
- Guidance$440M-$450M
Business Highlights
- ➤Completed and began operating an expanded spacecraft cleanroom supporting up to 12 vehicles.
- ➤Won first Mars award: $13 million NASA JPL SkyFall aeroshell subcontract.
- ➤Extended Lockheed Martin agreement for up to 25 Alpha Block II launches through 2031.
- ➤Signed SSC Space for two Alpha launches from Sweden’s Esrange Space Center.
- ➤Won a Space Force Ground-Based Radar Digitization contract.
- ➤Onboarded to Space Force’s NITE-STAR IDIQ contract through 2032.
- ➤Won a Defense Innovation Unit contract for an Elytra deorbit system.
- ➤Partnered with Starcloud for advanced AI compute demonstration in lunar orbit.
- ➤Added Zeno Power Systems as a Blue Ghost lunar payload customer.
- ➤Signed AST SpaceMobile contracts covering licensed IP, engine delivery, and engineering support.
- ➤Began Miranda engine qualification campaign with more than 170 hot-fire tests completed.
- ➤Completed the MoonFall Preliminary Design Review for the NASA south-pole mission.
- ➤Completed Blue Ghost’s critical design review for its South Pole mission.
- ➤Won a third hypersonic Alpha task order from a confidential customer.
Management Commentary
Jason Kim, CEO of Firefly Aerospace
“Firefly’s third quarter reflects the power of our diversified and vertically-integrated business. With five Moon missions running in parallel, Alpha Block II moving toward launch, SciTec executing on critical national security programs, and our strategic deal with AST SpaceMobile, we are converting our pipeline and backlog into results.”