Redwire Corporation: Mixed — EPS -$0.06, Revenue $109.04M
Mixed ResultQ3 2026 · After-market
Did Redwire Corporation (RDW) beat earnings today?
It was a mixed report for Q3 2026 — Redwire Corporation (RDW) beat on EPS but missed on revenue.
Earnings Per Share+33.33% surprise
-$0.06Actual
Expected: -$0.09
vs. year ago +70.0%
Total Revenue-13.85% surprise
$109.04MActual
Expected: $126.56M
vs. year ago +5.4%
Released Nov 04 · 4:25 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $109.03M | $103.43M | +5.4% |
| Revenue detail — reported lines | |||
| └─Space | $61.27M | $46.55M | +31.6% |
| └─Defense Tech | $47.77M | $56.88M | -16.0% |
| Net Loss | ($23.18M) | ($41.15M) | +43.7% |
| GAAP Diluted EPS | -$0.09 | -$0.29 | +69.0% |
| Adjusted EPS | -$0.06 | -$0.20 | +70.0% |
Financial Outlook / Guidance
| Metric | FY2026 Outlook |
|---|---|
| Guidance | |
| Revenues | $450M-$500M |
FY2026 Outlook
- Revenues
- Guidance$450M-$500M
Business Highlights
- ➤Awarded a $20 million DARPA contract for SabreSat VLEO precursor-flight testing.
- ➤Received an Axiom Space follow-on contract for two ROSA wings.
- ➤Launched four microgravity investigations to the International Space Station after quarter-end.
- ➤Completed the historic ISS power-modernization effort with the fourth and final ROSA pair.
- ➤Secured Stalker platform follow-on orders from customers including the U.S. National Guard.
- ➤Continued investment in innovation and manufacturing capacity.
- ➤Operates with approximately 1,400 employees across North America and Europe.
Management Commentary
Peter Cannito, Chairman, Chief Executive Officer, and President of Redwire
“Redwire continued to see durable demand across our space and defense tech portfolio during the third quarter as evidenced by our record Backlog(1) of $619.7 million, a nearly 75% increase year-over-year, and Book-to-Bill(1) increasing to 1.73. Although revenue timing continues to be uneven, with another quarter of record gross margins expanding from 16.3% to 32.3% year-over-year, the quality of our revenue is improving as we deliver mission-critical products and solutions across multiple domains.”
Chris Edmunds, Chief Financial Officer of Redwire
“During the third quarter of 2026, Redwire achieved record gross margins of 32.3%, driven by year-over-year and sequential improvement from both our Space and Defense Tech segments. With a focus on delivering proven capabilities to our customers at scale, we continued to invest in innovation and manufacturing capacity. With $323.1 million of recorded revenue during the first nine months of 2026 supported by a record $619.7 million in Backlog(1) and $46.8 million of work in process and finished goods inventory, we again reaffirm our 2026 revenue forecast.”