Intuitive Machines Shares Drop 9% as Q2 Loss and Revenue Miss Forecasts

Satellite successful world orbit ©PickPik

Intuitive Machines Inc. (NASDAQ:LUNR) shares dropped 9.4% aft the abstraction exertion institution reported a wider-than-expected second-quarter nonaccomplishment and gross beneath Wall Street forecasts. The disappointing header figures overshadowed grounds quarterly sales, a rapidly expanding backlog and important caller declaration awards crossed commercialized and nationalist information programmes.

Intuitive Machines reports wider Q2 nonaccomplishment

Intuitive Machines recorded an adjusted nonaccomplishment of $0.29 per stock for the 4th ended June 30, considerably wider than the expert estimation of $0.09.

Revenue reached a quarterly grounds of $206.17 million, representing maturation of much than 300% compared with the 2nd 4th of 2025.

Despite the important year-over-year increase, gross fell abbreviated of the statement forecast of $223.84 million, contributing to the antagonistic absorption successful the shares.

Growth during the 4th was supported by execution crossed spacecraft production, Commercial Lunar Payload Services (CLPS), Orbital Mission Engineering Services (OMES) and National Security and Space Services (NSNS).

CEO Steve Altemus said, "We delivered a beardown quarter, highlighted by gross implicit 4 times Q2 2025 arsenic we executed crossed our programs, recorded unprecedented bookings and backlog, and positioned the Company for the adjacent signifier of growth."

Full-year gross outlook reaches arsenic overmuch arsenic $1 cardinal

For fiscal 2026, Intuitive Machines expects gross of betwixt $900 cardinal and $1 billion.

The midpoint of the scope stands astatine $950 million, matching the existent expert consensus.

The institution besides expects to make affirmative adjusted EBITDA for the afloat year, marking an important imaginable measurement towards stronger underlying profitability arsenic gross scales.

Delivering connected that people volition beryllium intimately watched pursuing the wider-than-expected second-quarter loss.

New declaration awards scope $920 cardinal

While the quarterly fiscal results missed forecasts, commercialized momentum remained strong.

Intuitive Machines secured astir $920 cardinal of caller declaration awards during the 2nd 4th and booked a further $300 cardinal during the 3rd 4th to date.

Among the large awards was a declaration valued astatine much than $600 cardinal covering 3 commercialized satellites for geostationary orbit.

The institution besides received an grant successful July for 18 spacecraft supporting the Accelerated Missile Defense Tranche 3 Golden Dome constellation.

The declaration wins further grow Intuitive Machines' vulnerability beyond its lunar activities and into larger commercialized and defence-related abstraction programmes.